Token Unlocks: Key Dates and Implications for Investors Next Week

Understanding Token Unlocks and Their Importance

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices. However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset's dynamics. Here are four major token unlocks to watch next week.

1. Pixels (PIXEL)

• Unlock Date: August 19
• Number of Tokens Unlocked: 54.37 million PIXEL
• Current Circulating Supply: 771.04 million PIXEL

Pixels is a multiplayer game on the Ronin blockchain, utilizing the PIXEL token as its in-game currency and for community governance. Holders of PIXEL can mint NFTs, purchase items and VIP passes, join guilds, and vote on project developments. On August 19, 54 million PIXEL tokens will be released into circulation and distributed among advisors, the project’s treasury, and ecosystem rewards.

2. Avalanche (AVAX)

• Unlock Date: August 19
• Number of Tokens Unlocked: 9.54 million AVAX
• Current Circulating Supply: 395.36 million AVAX

Avalanche is a decentralized blockchain platform that delivers high performance and scalability, enabling developers to create and deploy decentralized applications (dApps) and custom blockchain networks. The native token of the Avalanche network is AVAX, used for paying transaction fees, staking, and participating in the platform’s governance. Avalanche accounts for nearly all of next week’s token unlocks value. On August 19, the project will unlock 9.54 million AVAX tokens worth nearly $200 million. It is worth noting that this is the latest unlock that could impact the asset’s price.