đ $568 MILLION in Tokens Set to Hit the Market Next Week! âïž
The cryptocurrency market is gearing up for a significant event, with over $568 million worth of tokens scheduled to be unlocked and released into circulation between September 30 and October 6. This influx of tokens could have a considerable impact on the prices of various crypto assets, as the supply will notably increase.
đ Token Unlock Details:
SUI Blockchain: Leading the pack with $108 million in unlocks.
Solana (SOL): Approximately $75.90 million in tokens to be released.
Worldcoin (WLD): Set to unlock $58.07 million worth of tokens.
Immutable (IMX): Unlocking around $54.88 million.
ZetaChain (ZETA): Approximately $34.78 million in tokens to be distributed.
đ° How Will It Affect the Market?
The released tokens will be allocated among investors, founders, project teams, fund reserves, and community members. Projects like Solana operate on a linear unlock schedule, meaning they will unlock 74,860 SOL tokens (worth $9.96 million) daily. In total, this could see over 524 million tokens enter the market over the next week!
đš What to Watch For:
Investors should closely monitor the market dynamics during this period, as the unlocking of these tokens may lead to increased volatility. Will the increased supply impact prices significantly? Stay alert!
đ Get ready for the market shifts!
