The post Token unlocks coming for top gaming tokens in September appeared on BitcoinEthereumNews.com.

Some of the leading gaming-themed tokens will see significant unlocks in September. The tokens, a remnant of the play-to-earn era, will increase their circulating supply by as much as 7%.  Token unlocks are an inevitable feature of gaming projects that received VC funding. The unlocks, along with the slowdown of play-to-earn gaming, put pressure on most of the tokens. September is already seen as potentially bearish, and the upcoming unlocks may serve as downward pressure for top gaming tokens.  Gaming tokens as a whole lost a significant part of their market capitalization. The sector is down to a valuation of $16B, down from a peak close to $50B. IMX is among the leaders, and the collection of tokens is a mix of older gaming projects and newer assets from the current bull cycle. PIXEL leads gaming token unlocks The upcoming unlocks will affect PIXEL the most, expanding its circulating supply by 7%. Pixels (PIXEL) is currently in the most active of its expansion stages, awaiting a 118% supply growth in the next year. The next six months will come with almost constant unlocks for the token, which is expected to grow the available supply by 47% in six months.  Even at this point, PIXEL has the pattern of a low-float token slowly expanding its supply. Since the March peak at $0.93, PIXEL had a non-stop slide to current lows around $0.13. Only around 20% of the supply is in circulation, expecting to expand to a total 5B PIXEL.   Pixels is a game with simple graphics, offering immediate free access, with the option of tokenized play. The game has achieved mass appeal, with more than 604K active users based on DappRadar data. Pixels was released in 2022, inheriting the team of the Mesh project, which discontinued the product.  The game has…

---

Filed under: News - @ September 12, 2024 5:19 pm