Token

Cryptocurrency

Impact

Million

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/token-unlocks-impact-cryptocurrency-prices-differently/" data-wpel-link="internal">Token Unlocks Impact Cryptocurrency Prices Differently</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> enthusiasts often consider token unlocks as major events. Each token unlock means millions entering the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>. While it doesn’t always lead to a sell-off, the <strong><a href="https://en.coin-turk.com/key-developments-impacting-cryptocurrency-prices-this-week/" data-wpel-link="internal">crypto</a> community</strong> closely monitors these events.</p> 
<h2 style="text-align: justify" id="sui-token-unlock">SUI Token Unlock</h2> 
<p style="text-align: justify"><strong>SUI</strong> had a significant event today. Approximately $53 million worth of SUI tokens were unlocked at 12:00 PM. Now, 64.19 million SUI tokens are circulating in the market.</p> 
<p style="text-align: justify">Following this event, SUI’s price stands at $0.81. The price has increased by 2.74% in the last 24 hours. Thus, the token unlock did not negatively impact SUI’s price.</p> 
<h2 style="text-align: justify" id="dydx-unlocks-11-58-million-worth-of-tokens">DYDX Unlocks $11.58 Million Worth of Tokens</h2> 
<p style="text-align: justify">Another token unlock event occurred with DYDX. At 12:00 PM, DYDX unlocked 8.33 million tokens. This unlock is valued at approximately $12 million.</p> 
<p style="text-align: justify">Following the unlock, <strong>DYDX</strong> is trading at $1.36. The token has seen a daily decrease of 1.45%, indicating a partial impact from the unlock.</p> 
<h2 style="text-align: justify" id="io-token-unlock-at-4-00-pm">IO Token Unlock at 4:00 PM</h2> 
<p style="text-align: justify">Another significant event today involves the <strong>IO</strong> token. At 4:00 PM, IO will unlock tokens worth $22.55 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-366858 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/io.png" alt="" width="1258" height="486"></p> 
<p style="text-align: justify">IO will unlock 59.63 million tokens. Before the unlock, IO’s price has dropped by 4% to $3.12. This indicates that the unlock has affected IO’s price. As seen, despite token unlocks in all three cryptocurrencies, prices have behaved differently. Therefore, it’s not always accurate to predict a price drop with token unlocks. It’s better to say that token unlocks may potentially lower prices.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/token-unlocks-impact-cryptocurrency-prices-differently/" data-wpel-link="internal">Token Unlocks Impact Cryptocurrency Prices Differently</a></h5>

Token Unlocks Impact Cryptocurrency Prices Differently

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