Memeinator (MMTR) price outlook as Aptos, Apecoin brace for over $175M token unlock

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Written on Nov 1, 2023

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Aptos and Apecoin token unlock will happen on November 12 and 17, respectively.
The event will see alts worth around $190 million entering circulation.
Game-changer Memeinator remains steady as APT & APE expect short-term volatility.

Token unlocks generally catalyze bearishness in the cryptocurrency market as they increase asset supply, leading to magnified selling pressure across trading platforms. Aptos and Apecoin token unlock will occur on November 12 and 17, respectively. Let’s check what enthusiasts can anticipate and the Memeinator’s stance.

Aptos to unlock coins worth $157 million

Aptos ecosystem will see 24.8 million tokens added to the circulating supply starting November 12. The project will distribute the assets (worth $157.92 million) to core contributors, investors, the foundation, and the APT community.

The unlocked coins will likely enter crypto exchanges, leading to increased selling momentum, consequently lowering the crypto’s price.

???? #Aptos will start their token unlock in a few days. For the next 6 months, 24.8M $APT tokens will be unlocked every month. That's $157M flooding the market every month. pic.twitter.com/PVLqYh6Zof

— ToreroRomero (@Torero_Romero) October 27, 2023

Over $20 million in Apecoin to enter circulation

Apecoin tokens worth $20.12 million, around 4.23% over its overall supply, line up for the November 17 unlock. The event will likely magnify bearishness for the token. The altcoin reacted negatively to previous unlocks as it witnessed near-term volatility.

The 15.6 million APE coins will go to founders, Yuga Labs, treasury, and launch contributors.

APE traded at $1.316 at press time, following a 7% uptick within the previous week. Considering past reactions, the upcoming unlock event might erase the token’s weekly gains. Analyst @PiedadYieger trusts things could go south for Apecoin.

https://twitter.com/PiedadYerger/status/1714244473033572719?s=20

Token unlocks might offer sidelined traders a chance to capitalize on near-term volatility to execute positions. However, Memeinator remains lucrative for enthusiasts looking for a memecoin to ride upcoming waves in the crypto world.

Understanding Memeinator

Memeinator is among the latest projects in the meme coins marketplace. The altcoin caught the attention of crypto players due to its uniqueness. Memeinator aims to dominate the crypto world by destroying the negative phenomenon that meme assets have created in the digital assets industry.

According to its whitepaper, Memeinator combines advanced technology and artificial intelligence to reshape meme assets.

Why consider Memeinator

Memeinator could be a lucrative project for meme coin enthusiasts looking for a themed asset with real-world utility. It has its tokenomics designed to ensure sustainable growth and lasting success. Also, holders will receive MMTR coins as rewards for their participation.

Interested individuals can purchase MMTR at $0.0125 before its next stage price of $0.0133. The project has raised over $1,042,310 in stage five of its presale, indicating investor faith in Memeinator. Enthusiasts can expect stable uptrends when the altcoin finally lists on crypto exchanges. You can find more information on their website.