The BTC and altcoin markets are filled with important developments involving various projects and tokens daily. September 17, 2024, marked one of those eventful days. Projects like ApeCoin, Pixels, Matrix One, and many others made significant moves, including token unlocks and exchange listings. Here are the details of the latest developments in the crypto world on September 17.
Key Events for These Altcoin Projects
ApeCoin (APE) unlocked approximately 15.6 million tokens on September 17, 2024, representing 2.31% of the total circulating supply. Token unlocks in the altcoin world are often closely watched as they can lead to price fluctuations. The ApeCoin community is eagerly awaiting the impact of this unlock on the market. Depending on whether the unlocked tokens are sold or staked, this event could cause volatility in ApeCoin’s price.
Similarly, Pixels (PIXEL) unlocked around 54.37 million tokens on the same day, equivalent to 7.05% of the total supply. The Pixels community is closely monitoring the future price movements of the token, questioning how the increase in circulating supply will impact market equilibrium.
One of the most important events for investors is the listing of crypto projects on exchanges. On September 17, Matrix One (MATRIX) was listed on MEXC Global with the MATRIX/USDT trading pair. The trading began at 10:00 UTC, and Matrix One aims to increase liquidity and reach a broader audience. Investors who were interested before the listing are eagerly watching the impact on trading volume and price.
Echelon Prime (PRIME) unlocked 750,000 tokens on the same day, accounting for 1.62% of the total circulating supply. Like ApeCoin and Pixels, Echelon Prime’s token unlock is being closely followed by the market. Token unlocks can offer various advantages to holders but may also have short-term effects on token value as the new supply enters the market.
Partnerships between crypto projects are often crucial for innovation and ecosystem growth. On September 17, Zilliqa (ZIL) announced a strategic partnership with Emurgo. This collaboration aims to create a bridge between the Zilliqa and Cardano ecosystems, offering new opportunities for both projects. The partnership is expected to lead to technology sharing between the development teams and more integrations between the platforms.
Another key development on September 17 was the listing of Neiro (NEIRO) on KuCoin. Trading with the NEIRO/USDT pair began at 09:00 UTC. Neiro, a project running on Ethereum, aims to expand its reach with this listing, providing more exposure to a wider investor base.
On the same day, Axie Infinity (AXS) held a special community meetup in Singapore. This gathering, held before the TOKEN2049 event, provided an evening filled with games, music, and collectibles for the Axie community. Such events are aimed at strengthening the community and increasing the visibility of projects.
Taiko (TAIKO) hosted an “Office Hours” event on September 17, where the team reviewed the project’s first season and outlined plans for the second season. Regular meetings like these are essential for maintaining community trust and engagement in crypto projects.
Additionally, Livepeer (LPT) hosted an event focusing on Web3 culture and tokenization processes. Organized in collaboration with FWB x Refraction, this event centered on tokenized communities within the Web3 space. These types of cultural events are highly valuable for spreading a project’s vision to a wider audience.
ApeCoin, Pixels, Matrix One, Deythere, token unlocks
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