Token

Cryptocurrency

Test

Coin

<ul class="news-points">
 <li>Over $12.59 million worth of digital assets will be unlocked this week.</li>
 <li>From June 3 to June 9, tokens like LQTY, 1INCH, EUL, and GAL will be unlocked.</li>
 <li>Investors can keep a close eye on and take advantage of these unlocking events.</li>
</ul>
Token unlocking, a pivotal event in the life cycle of a cryptocurrency project, refers to the scheduled release of previously locked or vested tokens into the market — an event that can significantly influence the price of these tokens.
Typically, these tokens are reserved for team members, early investors, or other stakeholders and are initially locked to maintain market stability and incentivize commitment to the project’s long-term success.
From June 3 to June 9, investors should be particularly attentive to these token unlocking events and exercise caution with their investments. When tokens are released into the market, the circulating supply increases. Basic economic principles suggest that if demand remains constant while supply increases, the price of the token may decline.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Weekly Cliff Unlocks : 3 – 9 JUN 24 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> $ 12.59 m <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"> Highlights Unlocks <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24LQTY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LQTY</a> (0.68%) – $0.74m<a href="https://twitter.com/search?q=%24GAL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GAL</a> (1.76%) – $2.03m<a href="https://twitter.com/search?q=%24EUL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$EUL</a> (0.32%) – $0.27m<a href="https://twitter.com/search?q=%24HFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$HFT</a> (3.36%)…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/token-unlocking-events-to-test-cryptocurrency-markets-next-week/" rel="noopener noreferrer nofollow">Token Unlocking Events to Test Cryptocurrency Markets Next Week</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Token Unlocking Events to Test Cryptocurrency Markets Next Week

Coin Edition

Weitere Artikel, die am 31. Mai 2024 veröffentlicht wurden

Bitcoin Whales Accumulate as Price Hovers Near $68K, Mirroring 2020 Pattern

Ethereum or Solana? We asked ChatGPT-4o which web3 crypto is a better buy for 2024

Brace for a sell-off: Ripple to unlock 1 billion XRP in June

Top Altcoins to Watch for Quick 20X Profits

Solana (SOL) Investors Are Flocking to These 3 Altcoins

What to Expect from Ripple (XRP) & Cardano (ADA) Prices: Will They Ever Make It to $1?

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!