Traders, be careful! Cryptocurrencies like SOL, DOGE, and SUI are about to see a large number of tokens unlocked! #sol链
Traders, a reminder! In the coming weeks, popular cryptocurrencies like SOL, DOGE, and SUI will have a large number of tokens unlocked, and the prices may be affected.
What is token unlocking?
Token unlocking refers to tokens that were previously locked or allocated to certain individuals that are now being released.
The holders include:
Early investors, project team members, advisors, partners
Once these tokens are unlocked, there will be a lot more supply in the market, and prices may be affected.
Which cryptocurrencies will be affected?
SOL: 160 million SOL will be unlocked, approximately 2.5 billion USD, with the time set for December 2024, though the exact date is not yet determined.
DOGE: 100 billion DOGE will be unlocked, approximately 1.2 billion USD, this will be ongoing with regular unlocks.
SUI: Starting from the fourth quarter of 2024, 1.2 billion SUI will be unlocked each quarter, approximately 240 million USD. Other cryptocurrencies like ADA, DOT, and SHIB will also be affected.
How might prices change?
Selling pressure: Unlocked tokens may be sold, increasing supply in the market. Price fluctuations: Unlocking may lead to prices going up and down. Buying opportunities: If prices drop, some buyers may perceive it as cheap and want to buy in.
What should traders do?
Monitor the unlocking schedule: Keep an eye on when tokens will be unlocked.
Adjust trading plans: Consider price fluctuations and determine the best times to buy.
Diversify investments: Don’t put all your money in one basket.
Set stop-loss orders: If losses reach a certain level, sell automatically to prevent further losses.
The test of a bull market is not just about the ups and downs of the market, but also a test of our mindset. In the face of account fluctuations, we must remain rational. Next, I will announce the potential tenfold coins! Instead of guessing, it’s better to grasp the opportunity! Like + comment, and I will share it freely.
