Token

DeFi

Ethena

Coin

<ul class="news-points">
 <li>Crypto tokens worth $129.87 million to be unlocked next week.</li>
 <li>SUI, IO, and DYDX lead the list of tokens set for release.</li>
 <li>The unlock could increase liquidity and trading but may also pressure prices.</li>
</ul>
The crypto market is bracing for a potential shakeup as $129.87 million worth of digital tokens are set to be released from their lock-up periods next week. This “cliff unlock” event could significantly impact token prices and trading activity, creating both opportunities and risks for investors.
An analysis by the tracking platform Token Unlocks <a href="https://x.com/Token_Unlocks/status/1806522931889226044" target="_blank" rel="noopener noreferrer nofollow">highlights the following</a> tokens:
<ul>
 <li>Leading the pack is the smart contract platform token SUI which will unlock 2.65% of its circulating supply, equating to a massive $53.9 million.</li>
 <li>Following closely is Solana-based DePIN project $IO which will see 7.89% of its circulating supply released, amounting to $28.5 million.</li>
 <li>Ethereum-based ERC-20 token DYDX is set to release 3.12% of its circulating supply, DYDX will unlock $11.92 million worth of tokens.</li>
 <li>A significant 14.56% of DeFi token $MAV’s circulating supply will be unlocked, translating to $10.04 million.</li>
 <li>Ethena network’s ENA token is slated to unlock a small…</li>
</ul>
The post <a href="https://coinedition.com/investors-eye-129m-crypto-token-unlock-opportunity-or-risk/" rel="noopener noreferrer nofollow">Investors Eye $129M Crypto Token Unlock: Opportunity or Risk?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Investors Eye $129M Crypto Token Unlock: Opportunity or Risk?

Coin Edition

Andre artikler publisert på 28. juni 2024

Bitcoin spikes as betting markets favor Trump during debate with Biden

Bolivia lifts ban on Bitcoin, authorizes crypto transactions via banks

Future of Crypto: The Qubetics Whitelist Scares Ethereum and Avalanche Investors in 2024 with Pro...

Why is Polkadot (DOT) Price Up?

Arpa Network Secures Data with Blockchain

Why is TARS Protocol (TAI) AI Crypto Price Pumping?

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!