Token

Portal

Impact

<ul class="news-points">
 <li>Seven major token unlocks scheduled for the coming week</li>
 <li>June 1 Dominates Unlock Schedule: dYdX, 1inch, Axelar, and others set for release</li>
 <li>Market Impact Uncertain: Potential for increased supply and price volatility</li>
</ul>
Large-scale token unlocks in the cryptocurrency market often signal a bearish trend, as they release previously restricted assets into circulation, increasing supply and potentially lowering prices. These unlocks typically involve distributing tokens to team members, organizations, and early investors, including venture capital firms.
In the coming week, <a href="https://x.com/CMNisal/status/1794921201485095377" target="_blank" rel="noopener noreferrer nofollow">seven token unlocks</a> are scheduled, potentially impacting the market. The first is the dYdX (DYDX) token unlock scheduled for June 1, where $67.77 million worth of digital assets will enter circulation.
Also on June 1, $30.78 million worth of 1inch (1INCH) tokens will be unlocked, adding 98.7 million tokens to the existing circulating supply of 1.15 billion 1INCH. Additionally, on May 29, Portal (PORTAL) will see the unlocking of 30.61 million tokens (3.06% of total supply), valued at around $26.59 million.
Furthermore, 33.30 million Axelar (AXL) tokens (3.33% of max supply) will be unlocked o…
The post <a href="https://coinedition.com/token-unlock-tsunami-crypto-markets-ready-for-the-incoming-wave/" rel="noopener noreferrer nofollow">Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave?

Coin Edition

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