!!! Big Storm in the Cryptocurrency Circle!!!
Big Impact on Cryptocurrency! 130 Million USD Token Unlock Storm is Coming
Recently, the seemingly calm cryptocurrency market is actually undercurrent, and a huge unlock storm is about to sweep in.
Tokens with a total value of a staggering 130 million USD are about to be released, which is very likely to bring an unprecedented strong impact to the market.
Investors must be alert, use scientific methods to judge the current situation, and go all out to do a good job in risk management!
First, the highly anticipated Optimism (OP) will usher in a key unlocking moment on June 30, when 55.16 million USD worth of tokens will be released, which is about 3% of its circulating supply.
The main destination of these tokens is core contributors and early investors. In view of this, the pressure to sell will be quite huge, which is likely to cause a sharp drop in prices.
Secondly, Sui Network (SUI) will also face a severe test on July 1, with $54.6 million worth of tokens to be unlocked. More than 60% of the tokens will flow to private investors.
Coupled with the monthly inflation rate of up to 2.7%, this will undoubtedly further exacerbate price fluctuations and make the market situation more confusing.
io.net (IO) will also not be able to escape the huge impact of the unlocking tide, and is expected to release $27.23 million worth of tokens, which will increase its circulating supply by 8%.
The sudden increase in supply is likely to cause the market to fall into violent shocks, and investors must respond with caution and not take it lightly.
It is worth noting that XRP will also unlock 1 billion tokens worth $470 million on July 1, which is its usual monthly unlocking behavior.
Here, we advise all investors: In the face of the upcoming unlocking tide, it is recommended that you must act cautiously, moderately reduce your positions in related cryptocurrencies, and carefully manage risks.
You should know that the cryptocurrency market is changing rapidly. Only by scientifically analyzing the situation can you be invincible in this fierce competition!
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