๐Ÿšจ 3 Cryptocurrencies to Watch Amid $130M in Token Unlocks๐Ÿšจ

This week, three major cryptocurrencies are set to unlock over $130 million in tokens, potentially causing market volatility. Stay informed and manage your risk! ๐Ÿ›ก๏ธ

๐Ÿ”“ Optimism ($OP )will unlock $55.16 million on June 30, adding nearly 3% supply inflation. Core contributors and private investors are likely to sell off. ๐Ÿ“‰

๐Ÿ”“ $SUI Network (SUI)is unlocking $54.6 million on July 1, with private investors receiving over 60%. This 2.7% monthly supply inflation could lead to price drops. ๐Ÿ“‰

๐Ÿ”“ io.net ($IO )will release $27.23 million, causing an 8% supply inflation. Increased supply may heighten volatility and potential price declines. ๐Ÿ“‰

Additionally, Ripple will unlock 1 billion XRP worth $470 million on July 1, as it does monthly.

๐Ÿ‘‰ Key Takeaway: Exercise caution and consider reducing exposure to these cryptocurrencies due to potential sell-offs and market volatility. Proper risk management is crucial in these uncertain times.

*Remember, this isn't financial advice, just a heads-up to keep you informed!* ๐Ÿ“Š๐Ÿ’ก

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