The idea behind unlocking tokens is to bring more liquidity to an asset, increase the circulating supply, and stabilize the token price. Interestingly, the 1inch Network has had several unlocks in times past.showed that $494.11 million 1INCH had been unlocked in total. However, there was still $328.86 million waiting to be released. These locked tokens represent 37% of the total 1INCH supply.
Further, information from the platform revealed that 64,286 1INCH, amounting to $38,115, were ready for the procedure.that 1INCH seemed committed to ensuring the smoothness of the process. This was because the development activity received from its decline on 28 February. The development activity measures a project’s resolve to see out reforms on its network. As of this writing, the metric had improved to 2.67.
But has the development affected created enough attention to affect actions taken on exchanges? Well, exchange inflow has increased significantly since 21 February such that it hit 114.04 million. This was an indication of possible . However, the spike has not been reflected in 1INCH’s price, which gained 3.15% in the last 24 hours.Although exchange inflow was high, 1INCH active deposits were not at a similarly impressive level. In terms of circulation, the on-chain analytic provider revealed that it has increased in the last seven days.
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