Token Unlocks: Impact on the Crypto Market

user avatar

by Giorgi Kostiuk

2 years ago

In the upcoming week, significant token unlocks for 13 cryptocurrencies are anticipated, potentially increasing the market supply substantially. Traders and market participants are cautious as the expected surge in supply could put downward pressure on prices.

Effects of Token Unlocks on the Market

Token unlocks refer to the release of coins that were previously locked. This process can significantly impact the supply-demand equilibrium. If supply increases while demand remains constant, it could lead to a decline in prices. Market observers suggest that this situation may create significant selling pressure.

Highlighted 13 Crypto Coins

The list includes coins such as Sui, Optimism, Immutable, ZetaChain, dydx, Maverick Protocol, Cardano, Ethena, Galxe, Manta Network, Liquity, 1inch, and Forta, all of which are expected to experience unlocking soon. The amount and percentage of unlock for each coin vary. For instance, 68.79 million coins for SUI and 31.34 million coins for Optimism will be unlocked.

Total Unlocks and Market Expectations

According to the Token Unlocks application, a total of 3.4 billion dollars in crypto will be released in October. Significant coins like Celestia, Worldcoin, and Solana are also anticipated to unlock large amounts of tokens. This situation may negatively influence overall market sentiment. Traders are advised to closely monitor such events.

Token unlocks present both risks and opportunities for traders. Increased supply may lead to price declines; however, savvy traders could leverage this situation. Nonetheless, it is wise to remain cautious during this volatile period in the market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Arca Desktop App Now Open to Public for AI Session Monetization

The Arca desktop app has launched to the public, allowing users to monetize their AI session data.

user avatarJacob Williams

Exodus Reports Third-Quarter Revenue Growth Amid Net Loss

Exodus reported a 7% revenue increase in Q3, reaching $325 million, but faced a net loss of $83 million, highlighting rising operational costs.

user avatarZainab Kamara

eToro Reports Decline in Third-Quarter Net Income Amid Growing Funded Accounts

eToro reports a significant decline in third-quarter net income to approximately $15 million, down from $57 million last year, despite an 18% growth in funded accounts.

user avatarSon Min-ho

Bitdeer Achieves Record Revenue but Faces Major Losses

Bitdeer reported record revenue of $320.7 million for Q3 2023, an 89% increase year-over-year, but faced a net loss of $125.5 million.

user avatarAyman Ben Youssef

Bitcoin May Benefit from Greater Regulatory Clarity

Bitcoin may benefit from a more predictable US regulatory environment as the SEC shows interest in blockchain-based financial infrastructure.

user avatarKofi Adjeman

SEC Reports Significant Decline in Enforcement Actions

The US Securities and Exchange Commission (SEC) has reported a significant decline in enforcement actions, marking the lowest level since 1991, under the Trump administration.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.