Analysis Crypto by Thebittimes.Com

Popular cryptocurrencies are on edge as investors wait for their upcoming token unlocks that will lead to more dilution. Arbitrum’s ARB token was trading at $1 on Sunday, down by over 58% from its highest point in 2023, and is near its lowest swing since December 1st last year.  Top token unlocks ahead AEVO, a newly launched token , has also tumbled to about $1.20, its lowest level on record. It has crashed by more than 68% from its highest level this year.  Render Token (RNDR), on the other hand, has defied gravity as other cryptocurrencies slip. It jumped to a high of $11.5, its highest swing since March 27th. It has soared by over 75% from its lowest level in April, helped by the rising demand for artificial intelligence (AI) assets. It is also nearing its highest level this year. These cryptocurrencies will be in the spotlight this week as investors focus on their upcoming token unlocks. A token unlock is a situation where more coins are re...

The next batch of token unlocks for The Sandbox is on Feb. 14, 2024, and will unfreeze over 200 million SAND for its team, company reserve and advisors. Metaverse platform The Sandbox (SAND) has unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens are worth around $133 million at the time of the unlock.  On Aug. 14, The Sandbox proceeded with its scheduled unlock for over 300 million token s. According to the vesting schedule tracker Token Unlocks, The Sandbox unlock ed 71 million for its team, 37.5 million for its advisors, 96.8 million for its company reserve, 24 million for its strategic sale buyers and almost 103 million token s for its seed sale participants. Each of these holders are now able to trade their token s into the open market. Unlock progress for The Sandbox token. Source: Token Unlocks A token unlock is normally very bearish for digital asset prices, as it unfreezes liquidity and in...