As the crypto market continues its bullish trend post-Donald Trump’s US election win, a significant event is anticipated: the release of over $746 million in cryptocurrencies.
Expected Changes in the Crypto Market
The token-unlocking event scheduled for November 18 could lead to price declines and increased volatility in the crypto market, especially if trader sentiments are bearish.
Details of Token Releases
Last week, Solana (SOL) unlocked 524,030 tokens worth $110.3 million, making up just 0.1% of its supply, resulting in negligible price impact. Meanwhile, Worldcoin (WLD) and Aptos (APT) are set to release 37.2 million and 11.3 million tokens worth $84.1 million and $128.4 million, respectively. Different volatility levels may be observed depending on the released tokens’ proportion to their total supply.
Potential Market Impact
Beyond the leading tokens like APT, ARB, and SOL, other tokens such as CYBER, ZKJ, and WLD could cause significant market pressure due to the release of significant portions of their supply. Such events could attract both institutional and retail investors, increasing trading activity and market interest. The surge in liquidity could trigger a 'sell-the-news' scenario, putting pressure on asset prices.
The mass release of tokens on November 18 could heighten volatility in the crypto market. Attention should be paid to investor behavior and reactions to increased liquidity.
