đš Token Unlock Alert: $500 Million in Crypto Set to Unlock â Stay Sharp & Secure Your Trades! đđ°
This week, several major crypto projects will release a total of $500 million worth of tokens into the market. Token unlocks can create significant price volatility, so it's crucial to stay informed and manage your positions carefully. Hereâs a breakdown of the upcoming unlocks:
1. Worldcoin ($WLD) will unlock $80 million worth of tokens, representing 7% of its total supply. These will be distributed to team members, advisors, and investors.
2. Arbitrum ($ARB) is set to unlock $51 million, which accounts for 2.56% of its circulating supply.
3. Eigenlayer ($EIGEN) and Axie Infinity ($AXS) will each release $40 million in tokens, accounting for 6.01% and 6.08% of their total supplies, respectively.
4. Taiko, a Layer 2 network, will unlock $18.24 million, representing a significant 15% of its total supply.
đ Market Impact: Token unlocks can lead to increased selling pressure as newly unlocked tokens become available, especially for large releases like these. Prices may fluctuate dramatically, so keep a close eye on these assets if you're trading or holding them.
đĄ Pro Tip: Monitor support and resistance levels, and adjust your trading strategies accordingly. Stay cautious and avoid overexposure during these volatile periods!
Stay safe and trade wisely! đĄïž
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