Important token unlocking moment is approaching, market volatility warning
The highly anticipated Optimism (OP) will usher in a crucial unlocking moment on June 30. At that time, $55.16 million worth of tokens will be released, which is about 3% of its circulating supply. The main flow of these tokens is to core contributors and early investors. In view of this situation, the pressure to sell will inevitably be quite huge, and it is very likely to cause a sharp drop in prices.
Meanwhile, Sui Network (SUI) is about to face a severe test on July 1. At that time, $54.6 million of tokens will be unlocked, of which more than 60% will flow to private investors. Coupled with the monthly inflation rate of up to 2.7%, this will undoubtedly further increase the volatility of prices, making the market situation more complicated and confusing.
io.net (IO) is also unable to escape the huge impact of the unlocking tide. It is expected that $27.23 million of tokens will be released, which will increase its circulating supply by 8%. The sudden surge in supply is likely to cause the market to fall into extremely violent fluctuations. Investors must be extremely cautious and not take it lightly.
It is worth noting that XRP will also unlock 1 billion tokens worth 470 million US dollars on July 1, which is its usual monthly unlocking behavior. Faced with this series of important token unlocking events, market participants need to remain highly vigilant and pay close attention to market dynamics in order to make timely and wise investment decisions.
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