Arbitrum

Worldcoin

<ul><li>Token unlocks could drive downward pressure on prices, affecting ARB, STRK, and WLD significantly.</li><li>OP and RNDR show resilience but face potential declines post-unlock, highlighting market volatility.</li><li>$175 million&#43; worth of new tokens entering could lead to increased market volatility next week.</li></ul>The upcoming week promises significant movements in the crypto market with over $175 million worth of token unlocks on the horizon. Key tokens, including <a href="https://cryptotale.org/arbitrum-fantom-and-pyth-network-analysts-predict-bullish-trends/" rel="noopener noreferrer nofollow">Arbitrum </a>(ARB), Optimism (OP), and Starkware (STRK), will see their circulating supply increase. Historically, these events tend to exert downward pressure on token prices. Consequently, investors and traders are closely monitoring these developments to anticipate potential market shifts.Token unlocks are events where a cryptocurrency project releases new tokens into circulation, increasing supply and often causing price declines. According to data from <a href="https://token.unlocks.app/" rel="noopener noreferrer nofollow">TokenUnlocks</a>, ARB, STRK, and Worldcoin (WLD) will experience the largest unlocks next week. Specifically, ARB will see $64.31 million, WLD $39.79 million, OP $17.0 million and STRK $36.30 million worth of tokens released. These substantial unlocks could intensify the ongoing downtrend in their prices.<a href="https://cryptotale.org/arbitrum-dedicates-215-million-to-gaming-with-225-million-arb-tokens/" rel="noopener noreferrer nofollow">ARB</a> has a history of price declines following token unlock events. For instance, during its last major unlock in March, ARB&#39;s price increased by 3.33%. This historical pattern suggests that the upcoming unlock could lead to further price increase for ARB.<a href="https://cryptotale.org/tokens-to-watch-175m-surge-in-supply-spells-price-pressure-for-arb-wld-strk/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Tokens To Watch: $175M Surge in Supply Spells Price Pressure for ARB, WLD, STRK

CryptoTale

Alte articole publicate pe 15 iul. 2024

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