Token

Arbitrum

Impact

Axie Infinity

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-braces-for-impact-as-major-token-releases-loom" rel="noopener noreferrer nofollow">Crypto Market Braces for Impact as Major Token Releases Loom</a><br></p>
<p style="text-align: justify">As the <a href="https://en.bitcoinhaber.net/genesis-global-capital-pursues-court-approval-for-1-6-billion-trust-asset-sale" rel="noopener noreferrer nofollow">cryptocurrency</a> market approaches a pivotal moment with <a href="https://en.bitcoinhaber.net/bitcoins-surge-surges-as-it-targets-58000-milestone" rel="noopener noreferrer nofollow">Bitcoin</a>‘s upcoming halving week, investors’ gazes turn towards a series of token unlock events in major altcoin projects. These impending releases, involving notable ecosystems like Arbitrum, Starknet, and Axie Infinity, are anticipated to increase the number of tokens in circulation substantially. Such events typically introduce an element of unpredictability into the market, prompting investors to brace for potential price swings.</p>
<h2 id="countdown-to-a-flurry-of-token-unlocks">Countdown to a Flurry of Token Unlocks</h2>
<p style="text-align: justify">The sequence of token unlocks will kick off on Sunday, April 14, as millions of dollars’ worth of digital assets are set to enter the market, escalating the circulating supply of these specific projects. The Starknet ecosystem prepares to free up 64 million STRK tokens, worth over $117 million, on April 15. This release will raise the project’s circulating supply by 8.8% and is aimed at rewarding early contributors and investors.</p>
<h2 id="major-ecosystems-set-to-unleash-funds">Major Ecosystems Set to Unleash Funds</h2>
<p style="text-align: justify">On the heels of Starknet’s unlock, the <a href="https://en.bitcoinhaber.net/ethereums-2024-roadmap-vitalik-buterin-outlines-key-priorities-for-evolution" rel="noopener noreferrer nofollow">Ethereum</a> Layer 2 platform Arbitrum is poised for the week’s most substantial token release. Slated for April 16, the project will unlock 92.65 million ARB tokens, which comprise 3.5% of its circulating supply and are currently valued at over $131 million. The beneficiaries of this release include the Arbitrum team, prospective team members, advisors, and investors. Following this, the Axie Infinity ecosystem anticipates its own unlock event on April 17, with more than $103 million worth of AXS tokens becoming available for staking rewards, the team, and ecosystem funding.</p>
<h2 id="market-price-effects-remain-uncertain">Market Price Effects Remain Uncertain</h2>
<p style="text-align: justify">The upcoming token unlock events are likely to prompt an uptick in sell orders and could provide the market with additional liquidity. While these events inject uncertainty regarding the price impact on the associated tokens, they also offer a chance for demonstrating project liquidity and instilling investor confidence.</p>
<h2 id="points-to-take-into-account">Points to Take into Account</h2>
<ul>
 <li>Increased sell orders may lead to short-term price volatility for the involved tokens.</li>
 <li>Arbitrum’s unlock is the largest and includes tokens for team and advisors.</li>
 <li>Starknet and Axie Infinity rewards are aimed at early supporters and the ecosystem.</li>
 <li>Market participants should monitor these events closely for trading opportunities.</li>
</ul>
<p style="text-align: justify">In conclusion, as these significant token unlock events draw near, they threaten short-term market stability with potential price volatility. Investors are advised to stay informed and vigilant during this period. In recent market activity, ARB, AXS, and STRK have all faced price declines, coinciding with the broader market downturn.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-market-braces-for-impact-as-major-token-releases-loom" rel="noopener noreferrer nofollow">Crypto Market Braces for Impact as Major Token Releases Loom</a></h5>

Crypto Market Braces for Impact as Major Token Releases Loom

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