๐ซ 3 Cryptocurrencies to Steer Clear of in May's First Week ๐
โฆ๏ธ Avoid trading Memecoin (MEME):
๐ Team unlocking tokens on May 3, inflating circulating supply by 32%, potentially causing a crash.
๐ฐ $93.92 million worth of MEME to be released via airdrop, surpassing 24-hour volume.
๐ฅ Risky trading environment ahead for MEME holders.
โฆ๏ธ dYdX Protocol (DYDX):
๐ 33.34 million tokens unlocking on May 1, worth $70.33 million.
๐ธ Early investors receiving majority of unlocks, team to sell remaining tokens.
๐ Previous unlocks saw significant losses, caution advised for DYDX traders.
โฆ๏ธ Optimism (OP):
๐ Unlocking 24.16 million OP tokens on April 29, worth $56.29 million.
๐ผ Core contributors and investors receiving tokens, potential impact on price.
๐ก Increasing supply doesn't guarantee price fall, but speculative trading expected.