In the coming two weeks, a wave of token unlocks is poised to shake up the cryptocurrency market, with several projects experiencing significant increases in their circulating supply. Based on the data provided in the document, this surge in unlocks could lead to heightened volatility as traders react to the influx of new tokens.
Significant Token Unlocks
Among the most notable unlocks is ONDO, which is set to release 84.758 million tokens, marking a staggering 572.3% increase from its current supply. This substantial addition is likely to have a pronounced effect on market dynamics, as traders adjust their positions in response to the new availability of tokens.
Other Notable Unlocks
Following ONDO,
- HYPE will unlock 31.493 million tokens, representing a 361% increase
- TRUMP is set to release 27.400 million tokens, corresponding to a 119.5% rise
These significant unlocks are expected to influence trading behavior, as investors weigh the implications of increased supply on price movements.
Moderate Unlocks and Market Volatility
Additionally, other projects such as
- ENA
- CONX
- APT
- ARB
are also facing moderate unlocks, which could further contribute to short-term market fluctuations. The concentration of these unlocks within a narrow timeframe raises the potential for increased volatility, prompting traders to remain vigilant in the days ahead.
This week, key economic reports on employment and inflation are set to influence the cryptocurrency market, following the recent surge in token unlocks. For more details, see upcoming reports.
