Beware! A wave of $130 million in unlocking is coming, is there a potential storm in the market?
Recently, the cryptocurrency market is surging, and a major unlocking event is about to take place. Tokens with a total value of up to $130 million are about to be released, which may have an impact on the market. Investors must be vigilant, scientifically judge the situation, and do a good job of risk management!
First, the highly anticipated Optimism (OP) will unlock tokens worth $55.16 million on June 30, which is equivalent to about 3% of its circulating supply. This part of the tokens mainly flows to core contributors and early investors, and the selling pressure is relatively large, which may cause price drops.
Secondly, Sui Network (SUI) will also usher in $54.6 million in token unlocking on July 1, of which more than 60% will flow to private investors. Coupled with the monthly inflation rate of 2.7%, price fluctuations may be further exacerbated.
io.net (IO) is also affected by the unlocking wave, and is expected to release $27.23 million in tokens, and its circulating supply will increase by 8%. The increase in supply may cause drastic market fluctuations, and investors need to respond with caution.
It is important to note that XRP will also unlock 1 billion tokens worth $470 million on July 1, which is its usual monthly unlocking behavior.
Advice: In the face of the upcoming unlocking wave, investors are advised to act cautiously, moderately reduce their positions in related cryptocurrencies, and do a good job of risk management. The cryptocurrency market is changing rapidly, and scientific judgment of the situation can only be invincible!
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