In a significant development for the cryptocurrency market, KAITO and SCR are poised to unlock a substantial number of tokens, raising concerns about potential market volatility. The source notes that with these unlocks occurring in the near future, investors are closely monitoring the situation.
KAITO Token Release Scheduled
KAITO is scheduled to release 899 million tokens, which accounts for 30.6% of its total supply, in approximately 14 hours. This massive influx of tokens could lead to increased selling pressure, impacting the price stability of KAITO in the short term.
Selling Pressure and Market Impact
On the other hand, SCR will unlock 1.464 million tokens over the next two days, marking one of the highest dilution events in recent memory. Such significant token releases often result in heightened market fluctuations, prompting traders to reassess their positions and strategies. As these events unfold, the cryptocurrency community remains vigilant about the potential implications for both KAITO and SCR.
In a related development, OnchainLens recently reported a significant withdrawal of LINK tokens, which has caught the attention of market observers. This unusual activity contrasts with the upcoming token unlocks of KAITO and SCR, highlighting the dynamic nature of the cryptocurrency market. For more details, see LINK withdrawal.
