Unlock the Future: Top 3 Token Unlocks to Watch in June 2024 – GAL, LQTY, and HFT

• Galxe (GAL) will unlock 2 million tokens on June 5, impacting market supply and investor strategies.
• Liquity (LQTY) plans to release 657,350 tokens for teams and advisors, affecting liquidity and market trends.
• Hashflow (HFT) to increase supply by 13.62 million tokens on June 7, boosting cross-chain transactions.

The cryptocurrency market will be quite active in the first week of June, with numerous token unlocks scheduled. A token unlock occurs when a large number of fresh tokens are released onto the market, which may alter their prices. In this regard, here are three Token Unlocks to look out for in early June 2024 if you want to maximize your gains.

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Galxe (GAL)

Galxe (previously Project Galaxy) is a Web3 credential data network that enables developers to utilize digital credentials. The GAL coin is the Galxe platform’s native utility money, which is utilized for governance and staking incentives.

Galxe (GAL) is a cryptocurrency with a market value of $416.7 million. Galxe is ranked 199th in the worldwide cryptocurrency rankings, with a daily buy and sell volume of $9.6 million.

The current cost for GAL is $3.61. Galxe’s price has expanded by around 1.1% within the last 24 hours. On June 5, GAL will open and scatter around 2 million GAL tokens to the Galxe Foundation, group individuals, and the community.

Liquity (LQTY)

Liquity is a decentralized loaning convention empowering clients to borrow at a 0% intrigued rate utilizing Ether as collateral. Loans are issued in LUSD, a stablecoin pegged to USD, and require keeping up a least collateral proportion of as it were 110%.

The cryptocurrency Liquity contains a market valuation of $113 million. Liquity is ranked 445th in the worldwide coin rankings.Liquidity transaction volume was $19 million in the last 24 hours, up 24.10% over the previous day and reflecting increased market activity.

The current price for LQTY is $1.18. Galxe’s price fell by 0.9% in the preceding 24 hours. The next LQTY token unlock is scheduled for June 5th. This release will include 657,350 tokens, reserved for teams and advisors.

Hashflow (HFT)

Hashflow is a decentralized exchange (DEX) that enables cross-chain transactions and zero-slip asset exchange. The HFT token is Hashflow’s local utility money, utilized for administration, staking, and user rewards.

HFT is a cryptocurrency with a market cap of $122 million. Hashflow is currently placed 421st in the international cryptocurrency rankings. Hashflow (HFT) trade volume was $7.6 million in the last 24 hours, up 26.00% from the previous day and signaling increased market activity.

The current price for HFT is $0.3014. Galxe’s price has increased by around 0.2% in the previous 24 hours. On June 7, the project will increase circulation supply by 13.62 million HFT. Early investors and the core team will receive 7.63 million tokens, with the remaining tokens used for community rewards and ecosystem development.

Unlock tokens like GAL, LQTY, and HFT have a promising future. Galxe (GAL) will enhance Web3 credential management, Liquity (LQTY) is innovating with zero-interest loans, and Hashflow (HFT) aims to improve decentralized exchanges. These advancements position them for significant growth in the crypto industry.

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