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Gelato’s GEL Token Unlock: The Impact of Private Investors

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On February 27th, Token Unlocks data showed that Gelato\’s GEL tokens would unlock 44172450 IMX at 00:00 Beijing time on February 28th, with a value of about 12…

Gelatos GEL Token Unlock: The Impact of Private Investors

On February 27th, Token Unlocks data showed that Gelato’s GEL tokens would unlock 44172450 IMX at 00:00 Beijing time on February 28th, with a value of about 12.79 million US dollars, accounting for 10.5% of the total supply (420 million). Among them, the IMX unlocked this time is all unlocked by private investors.

Data: GEL tokens worth US $12.79 million will be unlocked in the morning tomorrow, accounting for 10.5% of the total supply

Interpretation of the news:


On February 27th, 2021, Token Unlocks data revealed that Gelato’s GEL tokens would unlock 44,172,450 IMX at 00:00 Beijing time on February 28th, 2021, with an estimated value of around $12.79 million, accounting for 10.5% of the total GEL supply of 420 million. The IMX unlocked in this token unlock event is solely owned by private investors.

The unlocking of tokens is a common occurrence in the cryptocurrency world, and its significance depends on the number of tokens unlocked, the value of each token, and who owns them. In the case of Gelato’s GEL tokens, the unlocking of roughly $12.79 million worth of IMX could have a significant impact on the token’s price and market capitalization.

Gelato is an Ethereum based network that provides instant, decentralized, and automated dapp development. With this technology, developers can build decentralized applications and dapp-based services more easily and quickly, reducing the barriers of entry for developers and enabling them to focus more on building creative solutions.

The unlock of GEL tokens owned by private investors may impact the marketability of GEL tokens because some private investors might sell their shares, and may not hold the tokens after this event. As a result, GEL token’s value might decline due to an increased level of supply, giving rise to bearish market conditions. On the other side, the unlocking of tokens may reflect the confidence of the private investors in Gelato’s technology, which, in turn, may increase the value of GEL tokens.

In summary, the token unlock of Gelato’s GEL tokens, specifically the IMA held by private investors, has the potential to impact the price, market capitalization, and liquidity of GEL tokens. Although it is impossible to predict the market behavior of GEL tokens, one thing is clear—the unlocking of tokens is an essential event that determines the future value of a cryptocurrency token.

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