Locked Token Opening in 4 Altcoins This Week: Here's What to Pay Attention to!

This week, 4 altcoins will be unlocked worth millions of dollars in total.
According to Tone Unlocks data, a total of 4.4 million dollars worth of locks will be opened in 4 altcoin projects between 18-24 September.
In general, the release of more than 1% of the circulating supply of tokens during lock openings has a significantly negative impact on the price.
Watch out for Space ID!
Particular attention should be paid to the $3.98 million lock opening in Space ID. The fact that this lock opening in Space ID is greater than 6% of the total assets in circulation creates the possibility that the event will cause intense selling pressure on the token price. Of the tokens that will be released in Space ID, 5.83 million will be used for community airdrop, 2.78 million for the ecosystem fund, 5 million for the foundation fund, and 4.88 million for marketing activities.
The cryptocurrencies that will be unlocked are as follows:
Pendle (PENDL): 57 thousand assets worth 35 thousand dollars will be unlocked as of September 20, 03.00. 0.02% of the circulating supply will be released. Pendle unlocks will total $213,000 worth of tokens throughout the week.
Space ID (ID): 18.49 million assets worth $3.98 million will be unlocked as of September 22, 03:00 UTC. 0.924% of the total supply and 6.46% of the circulating supply will be released.
1Inch (1INCH): 53 thousand assets worth 13 thousand dollars will be unlocked as of September 22, 11:00 am ET. 0.003% of the total supply and 0.01% of the circulating supply will be released.
Acala (ACA): 4.6 million assets worth 222 thousand dollars will be unlocked as of September 25, 03:00 GMT. 0.229% of the total supply and 0.58% of the circulating supply will be released.
Even though the general belief is that there is selling pressure during lock openings, this is not always the case. Increases can be seen especially in projects where lock opening rates are low.
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