Multi Bank (MBG) is set to unlock approximately 25 million of its cryptocurrency tokens on February 22 at 8:00 AM (UTC+8). This unlocking process follows a predetermined schedule monitored by Web3 asset data platforms RootData and ChainKacher. The move aims to increase the token supply in the market and provide users and investors access to their entitled shares. Multi Bank, a well-known digital asset platform offering services such as cryptocurrency trading, asset management, and blockchain-based investment solutions, demonstrates its commitment to liquidity and transparency for its token holders through this action. Typically, token unlocking leads to an increase in the number of tokens available in the market, which can impact prices. Token unlocking is a common practice in the cryptocurrency market, allowing companies to gradually release issued tokens to avoid sudden supply surges and maintain market stability. However, unlocking a large number of tokens may cause temporary price fluctuations, which investors should consider. Moving forward, this unlocking event could influence Multi Bank’s token price and market conditions, making it essential for investors to adjust their investment strategies accordingly. Overall, this step is viewed positively as it supports Multi Bank’s growth and promotes transparency in the market.
Source: binance
