3 cryptocurrencies to avoid trading this week amid $190 million in unlocks
đš Brace for impact! This week, the cryptocurrency market faces heightened volatility with nearly $190 million in tokens unlocking from various projects. These unlocks release previously restricted tokens, potentially flooding the market and creating selling pressure.
đ Among the key players:
- **Optimism (OP)**: Unlocking $54.53 million in tokens on July 31, contributing to a 2.8% supply increase.
- **Sui Network (SUI)**: Releasing $50.06 million worth of tokens on August 1, marking a 2.6% monthly inflation.
- **ZetaChain (ZETA)**: Facing a significant release of 53.89 million tokens, representing 18.9% of its current market cap on August 1.
đ These events could intensify market volatility, especially ahead of the Federal Reserve's interest rate decision. Stay informed and cautious!
