Upcoming $270M Token Unlocks Could Trigger Volatility in Altcoins
Next week, the crypto market could experience significant volatility due to the unlocking of $270 million worth of altcoins, including SUI, IMX, ZETA, TAIKO, DYDX, and MODE.
SUI: On September 1, 64.19 million SUI tokens worth $51.60 million will be unlocked, representing 2.47% of its circulating supply. This could lead to selling pressure and a potential price drop.
IMX and ZETA: IMX will unlock 32.47 million tokens worth $47.41 million (2.06% of its supply) on September 6, while ZETA will release 53.89 million tokens worth $26.63 million (15.71% of its supply) on September 1, both likely causing market volatility.
TAIKO: On September 5, 12 million TAIKO tokens worth $20.04 million (19.02% of its supply) will be unlocked, which could destabilize its market value.
DYDX: 8.33 million DYDX tokens worth $7.89 million (3.67% of its supply) will be unlocked on September 1, potentially causing price fluctuations.
MODE: On September 6, a massive unlock of 500 million MODE tokens worth $6.45 million (38.46% of its supply) could result in significant selling pressure.
Additionally, altcoins like Solana, Polkadot, NEAR Protocol, and SEI will experience daily linear unlocks, adding to market supply and influencing prices.
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