Token unlock event this week

Token unlock event this week

Some major token unlock events to happen this week 

1. Immutable (IMX): Aug 9th, 2024

Number of tokens unlocked- 32.47 million

Immutable X is the first layer-two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading, all without compromising user or asset security.

The token unlock of 32 million worth over $40 million will increase supply by 2.14. 

IMX support and resistance-

Resistance - $1.20

Support- $0.80

XAI

Unlock date - Aug 9th, 2024

Number of tokens unlocked - 35.88 million XAI

Xai is the world's first Layer 3 solution for AAA gaming. Powered by Offchain Labs' Arbitrum Technology with games from Ex Populus and other game developers. Xai empowers potentially billions of traditional gamers to participate in open trade, allowing them to trade in-game items in their favorite games without the necessity of interacting with crypto-wallets.

The token unlock will increase the circulating supply to 519.82 million XAI.

Resistance - $0.250

Support- $0.1750