This week, the crypto market anticipates nearly $200 million in token releases. Past dumps from Galxe and Hashflow caution investors, while Ethena shows potential for a bullish rebound.
Key Insights:
Significant projects are releasing nearly $200 million worth of tokens this week.
Galxe is set to unlock $6.67 million on July 5. The previous token unlock caused a dump, so investors should approach this one with caution.
Hashflow (HFT) will unlock $3 million on July 7. The last unlock saw HFT's value drop by 34%, prompting similar concerns.
Ethena will unlock $7.8 million on July 7. The market looks primed for a bullish recovery above $0.48.
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