According to BlockBeats, Hitesh Malviya, the founder of cryptocurrency analysis platform DYOR, expressed concerns over the current market liquidity on June 21. He warned that if investment institutions decide to sell off 5% of their monthly unlocked tokens, the prices of assets such as OP, ARB, APT, and SUI could potentially plummet by 30-70%.
Malviya's statement comes at a time when the cryptocurrency market is experiencing significant volatility. The potential sell-off by investment institutions could further exacerbate the situation, leading to a substantial drop in the value of certain crypto assets. The founder of DYOR specifically mentioned assets like OP, ARB, APT, and SUI, which could be most affected by such a move.
The potential impact of this sell-off could be significant, given the current poor market liquidity. If investment institutions decide to sell off a significant portion of their holdings, it could lead to a sharp drop in the prices of these assets. This could potentially lead to a market downturn, affecting investors and the overall health of the cryptocurrency market.