Starknet’s STRK Jumps After Developer StarkWare Agrees to Delay Token Unlocks
StarkWare, the developer behind the Ethereum layer-2 blockchain Starknet, had come under heavy criticism for the unlocking schedule for its new STRK tokens.
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Starknet’s STRK Drops 53% Amid Token Issuance Criticism
The tokens started trading at around $5 apiece, exchange veri shows, but fell ahead of significant token unlocks planned in the months ahead.
Avalanche’s AVAX Underperforms Ahead of $365M Token Unlock
In crypto, large unlocking events usually lead to price declines as the increase in the token’s supply outpaces investor demand, a previous study shows.
Sandbox’s SAND Slides, ApeCoin Steady Ahead of $125M in Unlocks
Token unlocks refer to the release of previously locked or restricted tokens into the market.
Altcoin Rally Cools as Massive $650M Worth of Token Unlocks Loom Over Crypto Market
Large unlocking events usually lead to price declines as the increase in supply outpaces investor demand for the asset, The Tie reported earlier this year.
DYDX Pumps Ahead of Massive $500M Token Unlock
The decentralized exchange debuted its layer 1 blockchain based on Cosmos this week.