Token

Immutable

Worldcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrencies-prepare-for-token-unlock-events" data-wpel-link="internal">Cryptocurrencies Prepare for Token Unlock Events</a><br></p>
<p style="text-align: justify">Several cryptocurrencies, including <a href="https://en.bitcoinhaber.net/solanas-price-fluctuations-key-levels-and-market-sentiment" data-wpel-link="internal">Solana</a> (<a href="https://en.bitcoinhaber.net/major-phishing-scams-detected-in-solana-ecosystem-by-scam-sniffer" data-wpel-link="internal">SOL</a>), Sui (SUI), Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA), are on the brink of significant <a href="https://en.bitcoinhaber.net/elon-musks-tweet-ignites-rally-in-memecoin-pepe" data-wpel-link="internal">token</a> unlock events that could lead to notable price fluctuations. These unlocks, totaling over $329 million, have the potential to introduce a supply shock in the market, causing possible price declines. Sui is set to unlock 64.19 million SUI tokens valued at $95.65 million on October 1, amounting to 2.40% of its circulating supply. This event could usher in market volatility.</p> 
<h2 id="how-will-solana-and-worldcoin-fare">How Will Solana and Worldcoin Fare?</h2> 
<p style="text-align: justify">Solana’s token unlock, consisting of 524,030 SOL valued at $74.97 million, is scheduled between September 23-30. Given that this represents a mere 0.11% of its circulating supply, the price impact might be minimal. Nonetheless, the Frankendancer upgrade and increased institutional interest provide a promising outlook for SOL. Meanwhile, Worldcoin will release 37.23 million WLD, constituting 8% of its circulating supply. The introduction of identity verification services in Poland could positively influence investor sentiment, potentially mitigating any downturn.</p> 
<h2 id="what-will-the-impact-be-on-immutable-and-zetachain">What Will the Impact Be on Immutable and ZetaChain?</h2> 
<p style="text-align: justify">Immutable will release 32.47 million IMX tokens valued at $53.58 million on October 4, equating to 2% of its circulating supply. Despite a recent 46% surge in value, a price correction may be on the horizon. With its recent listing on Coinbase, a pullback appears plausible. ZetaChain, facing the highest risk of selling pressure, will unlock 53.89 million tokens on October 1, which constitutes 13% of its circulating supply. However, advancements in blockchain interoperability could bolster ZETA’s market position.</p> 
<p style="text-align: justify"> Concrete insights from the situation include: </p> 
<ul> 
 <li>The locked value for Sui exceeds $900 million, hinting at strong market interest.</li> 
 <li>Solana’s minimal unlock percentage suggests limited price disturbance.</li> 
 <li>Worldcoin’s European expansion could counteract potential price dips.</li> 
 <li>Immutable’s recent gains indicate possible price corrections post-unlock.</li> 
 <li>ZetaChain’s interoperability efforts may sustain its market outlook despite the unlock.</li> 
</ul> 
<p style="text-align: justify">Investors should keenly observe these token unlock events, which could lead to substantial market variations. Evaluating the balance between the added supply and the underlying positive project developments is essential for navigating potential price movements. While these unlocks present risks, they also open opportunities based on market reception and project progress.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/cryptocurrencies-prepare-for-token-unlock-events" data-wpel-link="internal">Cryptocurrencies Prepare for Token Unlock Events</a></h5>

Cryptocurrencies Prepare for Token Unlock Events

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