- TokenUnlocks tweeted that INJ has unlocked 93% of the maximum supply of its tokens.
- The impending token unlock for ecosystem development raises the question of the price of INJ.
- INJ trades inside an ascending triangle, it could reach more than $16 when it breaks out.
TokenUnlocks, an analytical dashboard for tokenomics information, tweeted that 93% of the Injective token’s (INJ) maximum supply was unlocked to date. As per the unlocking event scheduled for August 21, there will be another 2.86 Million INJ tokens released for Ecosystem Development read the tweet.
TokenUnlocks is now tracking… @Injective_$INJ Vesting Info :93% of max supply unlocked
2.86m $INJ will unlock in 20 days (allocated to ecosystem)
7% remains locked for the ecosystem, team, and advisors
Check it out: https://t.co/4sNSmM010J pic.twitter.com/yh6rCuV6v4
— Token Unlocks (@Token_Unlocks) July 31, 2023
With the impending release of the tokens at hand, the question arises as to whether the token will decrease in price with the increase in supply, or will the buyer cash out INJ. If the buyers cash out INJ, then the price could rise by a large margin.
INJ/USDT 1-Day Chart (Source: TradingVie…The post 2.86M INJ Tokens to be Unlocked in August, Will Traders Cash in? appeared first on Coin Edition.
The post 2.86M INJ Tokens to be Unlocked in August, Will Traders Cash in? appeared first on Coin Edition.