3 cryptocurrencies to avoid trading this week
Three cryptocurrencies to avoid trading next week¹. They are:
- Sui Network (SUI): This is a layer-1 scalable blockchain that is releasing 34.62 million SUI for its "Community Access Program," worth $56.08 million¹. This unlock might include "General Sale via Select Exchanges," according to the program landing page¹.
- Galxe (GAL): This is a $360 million capitalization cryptocurrency with an unlock set to March 4¹. There will be an influx of over 2.03 million GAL, worth $7.03 million¹. The "Team" and the "Foundation" will get the most out of it, unlocking 1.44 million GAL, worth $5.02 million¹.
- Hashflow (HFT): This is a decentralized exchange protocol that will unlock 13.62 million HFT worth $6.37 million¹. It is worth noting that Hashflow has a small market cap of nearly $170 million, which makes this the most significant cliff unlock of the three cryptocurrencies to avoid trading next week¹.
It also provides a detailed breakdown of each token's unlock and potential risks¹.
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