HomeNewsCrypto Alert: September Unlocks Bring Volatility to ApeCoin, Solana, and Others

Crypto Alert: September Unlocks Bring Volatility to ApeCoin, Solana, and Others

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  • Significant token unlocks scheduled for September, including Solana, ApeCoin, Worldcoin, Aptos, and others, may influence market dynamics.
  • Crypto influencers @TheDeFinvestor and @wacy_time1 provide varied insights into the probable effects of these unlocks on crypto prices.

Token Unlocks: The Unseen Catalysts

September is setting up to be a transformative month for the cryptocurrency arena, punctuated by a string of token unlocks that could significantly alter market sentiment and valuation. Among the key players poised for action are Solana, ApeCoin, Worldcoin, Aptos, Optimism, and dYdX. To navigate these turbulent waters, crypto enthusiasts @TheDeFinvestor and @wacy_time1 offer invaluable market perspectives.

Solana (SOL): The Blockchain Behemoth

Solana, which recently integrated with Visa for scaling their USDC settlement pilot, is slated for a $10.3 million unlock from staking on September 7. Given that Solana has over 2756 stakers set to receive 531,574 SOL, @wacy_time1 opines that most are unlikely to liquidate immediately, suggesting that any short-term price dip may present an accumulation opportunity. Notably, Solana’s recent alliance with Visa already sent the token up by 5%, although it failed to surpass the 50% Fibonacci retracement level.

ApeCoin (APE) & Worldcoin (WLD): High Stakes, High Risks

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ApeCoin is gearing up for a colossal unlock of $54.8 million or 11% of its circulating supply on September 17. @TheDeFinvestor cautions that the majority of these tokens are expected to go to insiders, which historically has caused a substantial price dip. Concurrently, Worldcoin is set for a daily unlock of $3.38 million, with @TheDeFinestor warning about the potential for price manipulations given its large VC backing. Both influencers advise against shorting these tokens despite their noticeable downtrends.

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Other Noteworthy Unlocks: Optimism (OP), dYdX, Aptos (APT)

Optimism is earmarked for a $32.3 million unlock, designated mostly for core contributors and investors, on September 30. Despite the likelihood that these stakeholders could liquidate, @wacy_time1 remains optimistic about the token’s prospects. Meanwhile, dYdX will witness an unlock of $13.7 million, allocated primarily for community treasury and rewards, on September 26. Aptos has a more modest linear unlock of $25 million scheduled for September 12, an event @wacy_time1 considers as less likely to significantly impact its price.

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In light of these upcoming events, the counsel is clear: crypto investors should be vigilant, considering both the opportunities and challenges that September’s unlocks may bring.

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Jane Smith
Jane Smith
As a Bitcoin Journalist, I am dedicated to reporting the latest developments in cryptocurrency, with a particular focus on Bitcoin. Through extensive research and interviews with industry experts, I provide accurate and up-to-date information on the ever-evolving world of cryptocurrencies. My goal is to help readers stay informed and make informed decisions regarding their investments in this rapidly changing field.
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