On October 2, #CardanoCommunity will unlock 18.53 million tokens $ADA , representing 0.5% of the total supply, worth about $7.37 million. This coincides with the network's seventh anniversary and approaching 100 million transactions.
The network recently hard forked to support decentralized autonomous organizations (DAOs). Technical analysis also points to a possible uptrend, confirmed by a reversal in the relative strength index (RSI).
As the price fell, Cardano's market cap fell to $13.4 billion, dropping#ADA to 11th place in the cryptocurrency rankings, losing to Tron. Unlocking tokens may affect capitalization and price dynamics in the coming weeks.
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