In the coming weeks, the cryptocurrency market is anticipated to undergo significant token unlocks totaling more than $484 million, potentially leading to notable price shifts.
One-time Unlocks Over $5 Million
In the coming days, significant ‘cliff unlocks’ will occur, potentially impacting investor sentiment. Key tokens include SUI, ENA, OP, KNMO, ZETA, and NEON, each releasing over $5 million into circulation.
Daily Linear Unlocks
Alongside the cliff unlocks, several tokens are subjected to daily releases. Notable among them are SOL, WLD, TRUMP, TIA, DOGE, TAO, and AVAX, collectively releasing over $1 million per day. This widespread unlocking may exert selling pressure in low liquidity conditions.
Market Impact
With over $484 million worth of tokens becoming liquid, traders should brace for enhanced volatility. The impact may vary across different tokens, particularly those facing lower demand may experience significant price drops. Investors should closely monitor unlock schedules for informed trading.
The upcoming token unlocks may significantly affect the market dynamics, presenting immediate and long-term implications for cryptocurrency prices.
