Token Unlocking: What to Expect from the Cryptocurrencies Involved?
In the coming days, a major unlocking of approximately US$$ 421 million in tokens will take place, affecting several major cryptocurrencies, such as SUI, ZETA, DYDX, GAL, OP, EIGEN, MAV, ENA, AI and SIDUS. This event could generate significant impacts on the market, both in terms of price and volatility.
What does token unlocking mean?
Lock-up tokens are assets that cannot be traded until a specific date. When unlocked, they increase the circulating supply, which can generate selling pressure if investors decide to take profits quickly.
Possible impacts:
📉 Price drop: The supply of tokens increases, and if demand does not keep up, prices may fall.
📊 High volatility: The market may experience sharp price fluctuations.
📈 Buying opportunities: For attentive investors, temporary drops can represent good entry opportunities.