đ„đ„đ„ #Altcoinsđđ To Avoid Trading Next Week As $270M Token Unlocks Loom
Next week, the crypto market will experience significant token unlocks, totaling around $270 million, which could increase volatility for several major tokens.
Key Unlocks:
1. Sui (SUI): Unlocking 64.19M tokens ($51.60M) on September 1, 2.47% of its supply, likely causing downward price pressure.
2. ImmutableX (IMX): 32.47M tokens ($47.41M) unlock on September 6, 2.06% of its supply, possibly leading to volatility.
3. Zetachain (ZETA): Releasing 53.89M tokens ($26.63M) on September 1, 15.71% of its supply, potentially causing significant price swings.
4. Taiko (TAIKO): Unlocking 12M tokens ($20.04M) on September 5, 19.02% of its supply, could destabilize its market value.
Other Notable Unlocks:
1. dYdX (DYDX): 8.33M tokens ($7.89M) on September 1, 3.67% of its supply.
2. Mode (MODE): 500M tokens ($6.45M) on September 6, 38.46% of its supply, could face heavy selling pressure.
Daily Unlocks:
1. Solana ($SOL ): 66.54K tokens ($9.31M).
2. Polkadot ($DOT ): 441.35K tokens ($1.88M).
3. NEAR Protocol ($NEAR ) and SEI: Daily unlocks could further impact market dynamics.
Traders might consider avoiding these tokens to minimize risk during this volatile period.
Source - coingape.com
