Crypto Updates

Solana, Aptos, APE & More Token Unlocks Coming This September

Apecoin price

September is gearing up to be a pivotal month in the crypto space, with a series of substantial token unlocks for Solana, ApeCoin, Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to provide insights, speculations, and analyses on these impending events. Here’s a consolidated look at their perspectives.

ApeCoin (APE)

Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the magnitude of this event. @TheDeFinvestor pointed out that most of the unlocked tokens would go to insiders, specifically launch contributors. Drawing from history, the last time a large amount of APE tokens entered circulation, the price experienced a sharp dip.

@wacy_time1 mentioned the potential risks of shorting APE, especially given its current position. Since the beginning of the year, the APE is in a steep downtrend which saw price decline by 80%.

APE downtrend continues, 1-daychart | Source: APEUSD on

Worldcoin (WLD)

WLD is set for a daily unlock of $3.38 million. @TheDeFinvestor emphasized that in a year, the circulating supply of WLD would be three times its current amount.The token’s value has reportedly decreased by almost 50% since its launch. Despite this downtrend, both influencers cautioned against shorting it due to its large VC backers and potential price manipulations.

Solana (SOL)

Solana is set for an unlock of $10.3 million from staking on September 7. @wacy_time1 provided an analysis suggesting that a majority of the 2756 stakers receiving 531,574 SOL might not immediately sell. The influencer believes that any price drop could be an accumulation opportunity, emphasizing the potential of Solana.

Remarkably, just yesterday, Solana announced that payments giant Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. The SOL price reacted with a 5% surge but couldn’t take out the 50% Fibonacci retracement level on the 1-day. As long as this mark is not surpassed on a daily closing basis, further upside potential seems ruled out.

Solana price
SOL price surge stops at 50% Fibonacci, 1-day chart | Source: SOLUSD on

Optimism (OP)

OP will unlock $32.3M, or 3.03% of its…

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