🚨Token Unlock Alert! 🚨
Get ready for a wave of token unlocks in top cryptos like $ENA, $XAI, and $IMX! But what does it mean for investors?
Token unlocks can cause price drops, so it's essential to be prepared. Here's the lowdown:
- New projects often hold back tokens for devs, advisors, and marketing.
- These locked tokens become available for trading later, causing a price drop.
- Think of it like a flood of new apartments hitting the market, lowering existing prices.
Protect yourself with these tips:
- DYOR: Check the token's unlock schedule before buying.
- Track token unlocks using online resources like Tokenunlocks or CoinMarketCap.
- Consider meme coins, which usually have all tokens circulating already.
Stay informed, make smarter decisions, and avoid surprise price drops! DYOR!
