As the cryptocurrency landscape evolves, significant token unlocks, and partnerships are shaping the future of various projects. Notably, the Phoenix Group has outlined significant upcoming token unlocks that could impact market dynamics. Simultaneously, Aethir has announced a strategic partnership with Manta Network to enhance cloud computing capabilities for Web3 projects.
MAJOR UPCOMING TOKEN UNLOCKS
#Galxe $GAL #HeroesOfMavia $MAVIA #AutomataNetwork $ATA #Neon $NEON #Scallop $SCA #XAI $XAI #GAM3S #G3 #Conflux $CFX #CetusProtocol $CETUS pic.twitter.com/X8cEA7gSBR— PHOENIX – Crypto News & Analytics (@pnxgrp) November 5, 2024
The Phoenix Group’s latest update on primary upcoming token unlocks highlights key projects poised for significant changes. Galxe (GAL) will see 5.18 million tokens, or 2.59% of its supply, unlocked, valued at $8.70 million on November 5. This unlock could boost the project’s liquidity and trading activity. Heroes of Mavia (MAVIA) is set to unlock 1.54 million tokens (0.62% of supply), valued at $1.78 million, on November 6. The upcoming unlock could enhance the project’s market visibility. Automata Network (ATA) will unlock 25.23 million tokens (2.52% of supply) valued at $1.88 million on November 7.
The increased availability of ATA tokens might spur trading and investment interest. Neon (NEON) is scheduled to unlock 53.91 million tokens (5.39% of supply) worth $19.25 million on November 7, potentially increasing its market capitalization. Scallop (SCA) and XAI (XAI) are also poised for significant unlocks. SCA will unlock 5.17 million tokens (2.07% of supply) worth $1.38 million on November 8, while XAI will unlock 35.89 million tokens(12.9% of supply) valued at $6.38 million on November 9.
Other notable unlocks include GAM3S (G3) with 25.38 million tokens(5.21% of supply) and Conflux (CFX) with 8.79 million tokens (1.57% of supply), both set for November 9. Lastly, Cetus Protocol (CETUS) will unlock 19.54 million tokens (1.95% of supply) valued at $3.47 million on November 10. These unlocks represent a significant release of tokens into the market, which could influence trading volumes and price movements for these cryptocurrencies.
Aethir Partners with Manta Network
In a strategic move to bolster Web3 infrastructure, Aethir has partnered with Manta Network. This collaboration is designed to provide high-potential Web3 projects with top-tier cloud computing and blockchain technology expertise. The Aethir DePIN stack will facilitate access to affordable, high-performance GPUs, accelerating research and development within the Manta ecosystem.
Aethir’s decentralized GPU cloud infrastructure, represented by its token $ATH, is positioned as an enterprise-grade AI-focused GPU-as-a-service provider. This development is particularly significant as it caters to the growing demand for AI and gaming applications. The partnership is backed by notable investors, including hiFramework, Merit Circle, HashKey Capital, Animoca Brands, Maelstrom Fund, and Mirana, collectively raising over $32 million for the Aethir ecosystem.
The upcoming token unlocks and strategic partnerships are critical developments in the cryptocurrency and blockchain. As these projects navigate through significant market changes, stakeholders should monitor the potential impacts of these unlocks on trading dynamics and the implications of strategic collaborations for the future of Web3. Increased token liquidity and enhanced infrastructure support position these projects for substantial growth in the coming months.