As the crypto market enters a quiet week due to Christmas holidays overseas, significant token unlocks are expected across various altcoins.
Significance of Token Unlocks
Token unlocks involve the release of previously locked tokens for trading or use, potentially impacting the liquidity and market prices of those tokens.
Token Unlock Calendar
Here is the schedule of key token unlock events for this week:
- **Sui (SUI):** $1.60 million in tokens will be unlocked on December 23, 2024, at 03:00 UTC+3. - **Near (NEAR):** $1.24 million in tokens will be unlocked on December 23, 2024, at 03:00 UTC+3. - **World (WLD):** $7.35 million in tokens will be unlocked on December 23, 2024, at 03:00 UTC+3. - **Moonwell (WELL):** $2.39 million in tokens will be unlocked on December 23, 2024, at 09:00 UTC+3. - More than 20 other altcoins are set for major unlocks this week.
Impact on the Market
Token unlocks can lead to changes in prices or trading volumes. Investors and traders may anticipate increased liquidity, affecting price dynamics in the coming days.
The upcoming token unlocks might significantly influence the cryptocurrency market, making it crucial to monitor the situation closely and account for potential price and liquidity changes.
