The cryptocurrency market is bracing for a significant influx of tokens due to the scheduled $2.6 billion unlock next week. These events could further exacerbate the current market downturn, especially for altcoins.
Introduction to Scheduled Token Unlocks
In the coming days, a substantial amount of new tokens will enter the market, potentially creating additional downward pressure on cryptocurrency prices.
Details on Major Unlocks
On January 18th, over 1.94 billion Ondo tokens worth $2.42 billion will be released. January 16th will see the unlocking of 92.65 million Arbitrum tokens valued at $69.32 million. Earlier, on January 15th, StarkNet and Sei tokens worth a total of $48.55 million will become available.
Impact on the Crypto Market
These unlocks are expected to increase selling pressure, potentially worsening current market challenges. Altcoins like Ondo, Arbitrum, StarkNet, and others may suffer from the increased supply.
The cryptocurrency market is poised for a significant test due to the increasing token supply. Investors should be prepared for potential price fluctuations.
