đ„Arbitrum unlocks $51 million worth of tokens this week, and market volatility is imminent!
One of the focuses of this week is token unlocking. Arbitrum (ARB) will release $51 million worth of tokens, leading the unlocking trend in the crypto market. According to TokenUnlocks, the cryptocurrency market will unlock tokens worth more than $498 million between October 14 and October 21.
Arbitrum leads the unlocking trend Arbitrum is expected to release 96 million ARB tokens, worth approximately $51 million, accounting for 2.65% of its circulating supply. This large-scale unlocking is likely to have a significant impact on the ARB market price, and investors should pay close attention to the market reaction.
Other important unlockings The second place is Axie Infinity (AXS), which unlocked 9.25 million tokens worth $43.4 million. Other projects such as EIGEN and STRK will also release tokens worth $40 million and $27.38 million, respectively. It is worth noting that the number of tokens unlocked varies as a percentage of the circulating supply of each project, with PIXEL unlocking the highest percentage at 7.05%.
Solana is closely followed by Solana (SOL) which will unlock 524,030 tokens worth $79.21 million this week, accounting for 0.11% of its circulating supply. Worldcoin (WLD) will lead in linear unlocking, releasing 37.23 million tokens worth $85.25 million, accounting for 7.00% of the circulating supply.
Potential impact of token unlocking on the market This week's large-scale token unlocking may cause some volatility in market prices, especially for projects with a high unlocking ratio. Although some projects such as ADA (Cardano) and DOGE (Dogecoin) have only unlocked a very small portion of the circulating supply, for some tokens, this unlocking may bring significant market pressure.
As the overall sentiment of the crypto market turns positive, whether token unlocking will become a catalyst for short-term market fluctuations is worth investors' close attention. #arbè§Łé #Memeæ”Șæœźæç»ïŒäœ çć„œćȘäžäžȘïŒ #çŸćœć€§éćŠäœćœ±ćć ćŻäș§äžïŒ #BTCèœćŠç«çšł6W4 #
