3 Altcoins To Skip Trading This Week Due To Token Unlocks
Optimism (OP)
- Trading at $2.541, down 0.37%.
- $79.61 million worth of OP tokens will be unlocked on May 31 (2.88% of circulation supply).
- Trading at $2.084, up 2.97%.
- $69 million worth of DYDX tokens will be unlocked on June 1 (11.9% of circulating supply).
- Trading at $1.0641, down 1.34%.
- $68.79 million worth of SUI tokens will be unlocked on June 1 (2.8% of circulating supply).
Conclusion
- Token unlocks often lead to increased supply and potential price drops, making these altcoins risky for trading this week.