Token

when

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/powells-statements-conclude-july-as-august-altcoin-unlocks-loom/" data-wpel-link="internal">Powell’s Statements Conclude July as August Altcoin Unlocks Loom</a><br></p>
<p style="text-align: justify">July is almost over, and we will conclude it with <strong>Fed Chairman Powell</strong>‘s statements. So, what are the expectations for August? One of the most important things to pay attention to when entering a new month is the major token unlocks. High <strong>token inflation</strong> has serious negative consequences on the price.</p> 
<h2 style="text-align: justify" id="august-altcoin-token-unlocks">August Altcoin Token Unlocks</h2> 
<p style="text-align: justify">This month, at least 16 <strong>altcoins</strong> will release tokens worth over $900 million in total. Since most of these will go to exchanges, it could lead to price drops due to increased sales in a low-volume, low-risk appetite environment. Even worse, many <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> might already take selling positions in anticipation of these major unlocks, which means the price could drop further due to panic.</p> 
<p style="text-align: justify">We regularly discuss upcoming token unlocks every week, covering their size, timing, and all details. However, being prepared for these unlocks weeks in advance will protect you from potential negative fluctuations in August.</p> 
<p style="text-align: justify">Additionally, last-minute cancellations of token unlocks (<strong>DYDX</strong>, WLD as examples) can cause speculative price increases. Sometimes, teams announce various agreements to postpone token unlocks for reasons like liquidating leveraged positions in futures or preserving token value. When they announce this at the last minute, the extra demand created by the absence of new supply can quickly reverse excessive sales.</p> 
<h3 style="text-align: justify" id="altcoin-token-unlocks">Altcoin Token Unlocks</h3> 
<ul style="text-align: justify"> 
 <li>August 1: DYDX ($10.6 Million)</li> 
 <li>August 1: SUI and ZETA ($47.5 and $31.7 Million)</li> 
 <li>August 2: GAL Coin ($4.17 Million)</li> 
 <li>August 3: W Coin ($158 Million)</li> 
</ul> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-375816 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/Agustos-altcoin-kilit-acilislari.jpg" alt="" width="812" height="664"></p> 
<p style="text-align: justify">You can examine the details of the circulating supply ratio and token-based amounts in the visual shared by Wu. The most notable unlocks will be for ZETA and W, as new supply will enter circulation in double-digit percentages.</p> 
<p style="text-align: justify">The largest unlock is again being done by <strong>AVAX</strong>, as we are accustomed to. Although SOL Coin has grown massively, AVAX has continued to face pressure throughout the year due to its double-digit inflation.</p> 
<div class="Summary"> 
 <p>Powell’s statements conclude July as August <a href="https://en.coin-turk.com/cryptocurrencies-continue-to-capture-investors-attention/" data-wpel-link="internal">altcoin</a> unlocks loom.</p> 
 <p>At least 16 altcoins will release tokens worth over $900 million in August.</p> 
 <p>Being prepared for these unlocks can protect against potential negative fluctuations.</p> 
</div> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/powells-statements-conclude-july-as-august-altcoin-unlocks-loom/" data-wpel-link="internal">Powell’s Statements Conclude July as August Altcoin Unlocks Loom</a></h5>
<p>The post <a href="https://en.coin-turk.com/powells-statements-conclude-july-as-august-altcoin-unlocks-loom/" data-wpel-link="internal">Powell’s Statements Conclude July as August Altcoin Unlocks Loom</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Powell’s Statements Conclude July as August Altcoin Unlocks Loom

Table of Contents

COINTURK NEWS

Outros artigos publicados em 31 de jul. de 2024

Crypto Gamblers Stake Record $445M On Presidential Race Between Trump and Harris

Fidelity International Expands Bitcoin ETP to UK Investors with LSE Listing

Tech Giants Experience Significant Market Value Losses

Sam Altman’s Worldcoin Expands to Austria, Aims for Global Adoption

XRP Surges Above $0.64, Analysts Eye Potential Breakout as XRP Holders Increase Exponentially

Tether Reports Record $5.2B Profit In Q2

Join our free newsletter for daily crypto updates!