3 altcoins will skip trading this week due to token unlocking
Optimism (OP)
- Trading at 2,541 USD, down 0.37%.
- $79.61 million worth of OP tokens will be unlocked on May 31 (2.88% of circulating supply).
DYDX
- Trading at 2,084 USD, up 2.97%.
- $69 million worth of DYDX tokens will be unlocked on June 1 (11.9% of circulating supply).
SUI
- Trading at 1.0641 USD, down 1.34%.
- $68.79 million worth of SUI tokens will be unlocked on June 1 (2.8% of circulating supply).
Conclusion
- Token unlocking typically leads to an increase in supply and potentially a decrease in price, making these altcoins risky to trade this week $OP $DYDX $SUI