The Arbitrum project continues to face disappointment from the crypto community, with persistent token unlocks adding pressure to an already shaky sentiment.
Today, 92 million Arbitrum tokens (approximately 0.93% of the total supply) will be unlocked, fueling concerns about further price drops.
In addition to this, the project is dealing with the pressure of 4.28 billion locked ARB tokens, which could be unlocked over time, adding more downward pressure on the token’s value.
While the Arbitrum project continues to disappoint everyone, the token unlocks persist without slowing down.
Today, 92 million Arbitrum tokens will be unlocked, which is approximately 0.93% of the total supply.
Additionally, there is a total locked token pressure of… pic.twitter.com/CEZlmLUMVI
— Bulls Titan 🏹 (@BullsTITAN) September 16, 2024
Other Crypto Token Unlock Asides Arbitrum
The current token unlock trend is not limited to Arbitrum. Across various projects, $133 million worth of tokens are about to flood the market in the coming days. Here’s a breakdown of upcoming token unlocks:
– $ARB: $48.96 million worth of tokens will be unlocked on September 16, adding to Arbitrum’s ongoing supply expansion. – $APE: $11.56 million in tokens set to be unlocked on September 17. – $PRIME: $5.87 million worth of tokens to be released on September 17. – $PIXEL: $7.33 million in tokens unlocked on September 19. – $LISTA: $8.66 million worth of tokens set to unlock on September 20. – $ID: $26.93 million in tokens scheduled for release on September 22. – $GAL: $1.30 million in tokens to be unlocked on September 22. – $ENA: $3.11 million in tokens to be unlocked on September 22.
MAJOR TOKEN UNLOCKS COMING NEXT WEEK🚨🚨
$133M worth of tokens are about to be unlocked-$ARB ➡️ $48.96M, September 16$APE ➡️ $11.56M, September 17$PRIME ➡️ $5.87M, September 17$PIXEL ➡️ $7.33M, September 19$LISTA ➡️ $8.66M, September 20$ID ➡️ $26.93M, September 22… pic.twitter.com/b2PYqbPjXE
— Karan Singh Arora (@thisisksa) September 14, 2024
With so many tokens scheduled to unlock, the market could face significant volatility in the near term. Investors are likely bracing for potential price corrections as these tokens become available for trading, with many watching closely to see how each project manages the influx of liquidity into the market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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