Krutika Adani
Galaxe is about to unlock 3 million additional tokens on 5th July or 2.6% of its current circulating supply of 115 million GAL. A previous unlocking event on June 5th, a month earlier caused a 45% crash in the crypto.
Hashflow is about to unlock 13.62 million tokens on July 7th which represents 3% additional tokens in its current circulating supply of 406 million tokens.
On 7th July, Ethena will also unlock 14.89 million tokens. The unlock is a very small fraction of tokens considering its total supply at 1.61 billion ENA.
Token unlocks are the events where tokens granted to stakeholders at the start of a project are unlocked for free use. Owners may keep them or sell them depending on their choice.
If the unlocks are greater than 1% of the totken supply or if the price is declining, a user should exit from such tokens. This is because unlocks have a great chance of bringing a crash in the token price.