Unlocking $250 million in tokens: ApeCoin, Pixel, and other crypto gaming projects
ApeCoin, Pixel, and various other crypto gaming projects are set to unlock nearly $250 million worth of gaming tokens by the end of March 2024. This influx of tokens into the market could potentially impact their prices significantly.
- ApeCoin (APE) will unlock 15.6 million APE on March 16, amounting to approximately $38.2 million.
- Roning Pixels will unlock 54.38 million PIXEL on March 19, equivalent to $42.5 million.
- Immutable’s IMX will see the largest unlock on March 21 with 34.19 million IMX worth about $117.3 million.
- Yield Guild Games will unlock 16.69 million YGG on March 27.
- Parallel will unlock 1.66 million PRIME tokens on March 30.
- GMT will unlock 3.32 million GMT on March 31.
Price movements of ApeCoin (APE) and Pixel tokens
ApeCoin has seen a slight price drop from $2.64 to $2.35 in the last 24 hours. On the other hand, Ronin’s token RON has surged by +45% in the last week, reaching an all-time high of $4.45.
The rise in Ronin’s price can be attributed to the hype surrounding Pixels, a social farming game that launched its token in February. The PIXEL token also saw an increase in price, reaching $1 before dropping back down to $0.76.
$5 million funding for MetalCore: The new blockchain-based MMO combat game
MetalCore, a new blockchain-based MMO combat game, recently secured $5 million in VC funding. Developed by a team with expertise from Unreal Engine Studio 369, Disney, and Lucasfilm, MetalCore is set to launch by the end of 2024.
The game will utilize blockchain technology as a gaming resource, offering NFT weapons and vehicles that can be traded on the secondary market for added gameplay value.
Hot Take: Keep an eye on ApeCoin, Pixel, and other crypto gaming projects
ApeCoin, Pixel and other crypto gaming projects will unlock up to $250 million worth of tokens by the end of March. These additional token unlocks could lead to price fluctuations in the market. Stay tuned for potential opportunities and risks associated with these developments!
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