Cryptocurrencies will unlock $230 million this week - What to expect?

🚨 This week, the cryptocurrency market faces a significant challenge as nearly $230 million in vested tokens are set to unlock. This could exert notable selling pressure on various digital assets following a turbulent period of price crashes.

According to TokenUnlocksApp, 14 cryptocurrencies are scheduled to unlock tokens, with $229.77 million entering circulation. Three major cryptocurrencies alone account for $174.96 million of this total, highlighting the potential impact on market dynamics.

🔓 Aptos (APT) will unlock 11.31 million APT on August 12, valued at $66.95 million. This represents a 2.4% supply increase and contributes to Aptos's 28.8% annual inflation from monthly unlocks.

💧 The Sandbox (SAND) faces a significant unlock on August 14, releasing 205.59 million SAND worth over $54.96 million. This amounts to 9% of its current market cap, potentially impacting SAND's price.

💸 Arbitrum (ARB) will see 92.65 million tokens unlocked on August 16, valued at $53.05 million, contributing to a 2.8% monthly inflation rate.

These token unlocks typically involve previously illiquid tokens from vesting contracts, increasing circulating supplies and introducing selling pressure. Traders should anticipate heightened volatility in APT, SAND, and ARB, potentially impacting their prices significantly.

📉 Remember, investing in cryptocurrencies carries risks. Stay informed and consider the implications of token unlocks when making investment decisions.

#Binance #tokenunlocks #ARB #APT #SAND

[Disclaimer: This content does not constitute investment advice. Cryptocurrency investments are speculative and involve risk.]