From April 14 to 20, significant token unlocks from several major projects are anticipated to impact the market and liquidity significantly.
Unlocking Tokens Worth Over $520 Million
The unlocking of OFFICIAL TRUMP, QAI, ARB, OMNI, and DBR tokens will result in the release of over 33 tokens totaling more than $520 million. For instance, the TRUMP token unlock will free up 40 million tokens valued between $312 and $342 million, representing 4% of its circulating supply.
Expected Volatility in Memecoin Market
Experts highlight that token unlocks often lead to oversupply, triggering price depreciation. In particular, the TRUMP token faces liquidity challenges amid its recent 22.98% drop over the past week. "Investors are closely watching these events to gauge their potential market impacts," says a cryptocurrency analyst.
General Implications of Unlocking for Investors
According to the latest data from CoinMarketCap, the current price of the TRUMP token stands at $8.16, with a market cap of $1.63 billion. Despite a consistent trading volume over the last 24 hours, the token price has declined by 5.80% within the day and by 31.98% over the past 30 days, highlighting overall market instability.
The anticipated unlocking of tokens may lead to significant market changes, increasing volatility and raising liquidity concerns among investors.
