Several ecosystems have their unlock events lined up for next week, starting Sunday, April 14.
Arbitrum , Starknet, and Axie Infinity ecosystems have voluminous cliff unlocks lined up for next week. ARB, STRK, and AXS tokens worth millions would be unleashed, alongside others like IMX, PIXEL, MANTA, and APE. Token holders should brace for volatility to escape exit liquidity ahead of Bitcoin halving week. Millions of dollars’ worth of tokens will be unleashed into the market, increasing the individual circulating supplies of the projects.
Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. Since its inception, a total of 19,445,656 BTCs have been mined, which is the circulating supply of Bitcoin. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
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