! ! Big news ! !
! ! Big news ! !
! ! Token unlocking storm is coming ! !
Recently, the seemingly calm cryptocurrency market is actually turbulent. An unprecedented unlocking storm is ready to take off and is about to sweep in with thunder and lightning.
Shockingly, a staggering total value of $130 million in tokens is about to be released, which is likely to bring an unprecedented huge impact to the market, and its far-reaching impact is difficult to estimate.
First, the highly anticipated Optimism (OP) will usher in a crucial unlocking moment on June 30. At that time, $55.16 million worth of tokens will be released, which is about 3% of its circulating supply.
The main flow of these tokens is to core contributors and early investors. In view of this situation, the pressure to sell will inevitably be quite huge, and it is very likely to cause a sharp drop in prices.
Secondly, Sui Network (SUI) will also face a severe test on July 1. At that time, $54.6 million in tokens will be unlocked.
Of these, more than 60% of the tokens will flow to private investors. Coupled with the monthly inflation rate of up to 2.7%, this will undoubtedly further increase the volatility of prices, making the market situation more complicated and confusing.
io.net (IO) is also unable to escape the huge impact of the unlocking wave. It is expected that $27.23 million in tokens will be released, which will increase its circulating supply by 8%.
The sudden surge in supply is likely to cause the market to fall into extremely violent fluctuations. Investors must be cautious and not take it lightly.
It is worth noting that XRP will also unlock 1 billion tokens worth $470 million on July 1, which is its usual monthly unlocking behavior.
Follow me to bring you the latest market analysis and high-quality currency recommendations every day!
