After the recent tariffs, the crypto market crashed hard and about $20 million was forced liquidated. In such adverse conditions, ASTER, Caldera and MANTA will unlock tokens.
ASTER to unlock 78 million tokens
Aster is a decentralized exchange that offers spot and futures trading. Unlike other exchanges, ASTER gives the bandwidth for traders to use stablecoins with yields and liquid staking tokens as collateral. $ASTER the token of this ecosystem has been a popular that took the attention of the crypto market in recent times. The token gained about 26% during the past 7 days as it currently trades at $1.48.
On October 17, the ASTER ecosystem will unlock more than 78 million ASTER tokens in one round. With the next unlock, the total number of tokens circulating in the market will hit 29%. The token unlock which is around 1% of the total supply is calculated to carry a worth of about $120 million.
More than 50% of the total MANTA tokens unlocked
Manta is a web3 ecosystem that supports any application based on Solidity. By using Manta’s technology, applications can process faster than a layer-1 while being cheaper than a layer-2. The MANTA token is the native to the ecosystem and it incentivises user engagement while facilitating transactions. MANTA is currently trading at $0.12 after nearly losing 30% of its value during the past 7 days.
In another 3 days time the ecosystem will unlock more than 15.5 million tokens into the market, in 7 rounds. With the next unlock which is about 1.5% of the total supply, the total unlocked token will cross above 50%.
Caldera to unlock 7 million token despite losing value
Caldera (ERA) will unlock about 7 million ERA into the market in a couple of days. The 0.72% of the total supply of ERA unlocked into the market carries a value of over $3 million. Currently, the token is trading at $0.42 after losing 20% of its value during the past 7 days.
Caldera is a rollup platform built on Ethereum which enhances horizontal scaling and communication between other rollups. This platform allows projects to launch customizable rollups while maintaining Ethereum’s security and decentralization.
