Token

Cryptocurrency

Solana

Drops

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-face-price-drops-before-major-token-unlocks-in-cryptocurrency/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Face Price Drops Before Major Token Unlocks in Cryptocurrency</a><br></p>
<p style="text-align: justify">Solana (<a href="https://en.coin-turk.com/solana-faces-price-drop-due-to-japanese-market-crash/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>), Sui (SUI), Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA) are at risk of price declines ahead of significant <a href="https://en.coin-turk.com/crypto-market-experiences-significant-movements-after-fed-interest-rate-decision/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> unlock events.</p>
<h2 id="major-token-unlock-events-and-market-risk">Major Token Unlock Events and Market Risk</h2>
<p style="text-align: justify">A total of five cryptocurrencies are preparing for token unlocks worth over $329 million. This situation can create a supply shock in the market, leading to potential price drops. During Sui’s planned unlock on October 1, 64.19 million SUI (valued at $95.65 million) will be released. This amount corresponds to 2.40% of SUI’s circulating supply and could trigger market fluctuations.</p>
<p style="text-align: justify">Sui’s total locked value (TVL) surpassing $900 million indicates significant interest from market participants. Considering the expected upward trend for the last quarter, a surprising move may also occur.</p>
<h2 id="solana-and-worldcoin">Solana and Worldcoin</h2>
<p style="text-align: justify">Solana will unlock 524,030 SOL (valued at $74.97 million) between September 23-30. Since this represents only 0.11% of the circulating supply, the price impact may be limited. The activation of the Frankendancer upgrade and institutional adoption of Solana presents a positive outlook for SOL.</p>
<p style="text-align: justify">Worldcoin will unlock 37.23 million WLD in the same period, corresponding to 8% of its circulating supply. The launch of identity verification services in Poland may boost investor confidence. If it can expand its user base in Europe with the support of OpenAI’s CEO, the downturn could be reversed.</p>
<h2 id="immutable-and-zetachain">Immutable and ZetaChain</h2>
<p style="text-align: justify">On October 4, Immutable will unlock 32.47 million IMX (valued at $53.58 million), which represents 2% of its circulating supply and may create price pressure. IMX gaining over 46% in value in the last week could indicate a potential price correction. With a <a href="https://en.coin-turk.com/gemini-trust-co-accuses-new-york-post-of-manipulation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> listing completed recently, a pullback seems likely.</p>
<p style="text-align: justify">ZETA faces the highest risk of selling pressure, with 53.89 million tokens unlocking on October 1, accounting for 13% of its circulating supply. ZetaChain’s progress in promoting blockchain interoperability supports a positive outlook for ZETA.</p>
<p style="text-align: justify">The upcoming token unlock amounts for these five cryptocurrencies may cause significant market fluctuations. Investors should assess the impact of these tokens on supply and potential selling pressure. However, positive developments underlying the projects and market expectations may balance potential price drops.</p>
<p>The post <a href="https://en.coin-turk.com/investors-face-price-drops-before-major-token-unlocks-in-cryptocurrency/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Face Price Drops Before Major Token Unlocks in Cryptocurrency</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Investors Face Price Drops Before Major Token Unlocks in Cryptocurrency

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