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Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave?


by CoinEdition
Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave?
  • Seven major token unlocks scheduled for the coming week
  • June 1 Dominates Unlock Schedule: dYdX, 1inch, Axelar, and others set for release
  • Market Impact Uncertain: Potential for increased supply and price volatility

Large-scale token unlocks in the cryptocurrency market often signal a bearish trend, as they release previously restricted assets into circulation, increasing supply and potentially lowering prices. These unlocks typically involve distributing tokens to team members, organizations, and early investors, including venture capital firms.

In the coming week, seven token unlocks are scheduled, potentially impacting the market. The first is the dYdX (DYDX) token unlock scheduled for June 1, where $67.77 million worth of digital assets will enter circulation.

Also on June 1, $30.78 million worth of 1inch (1INCH) tokens will be unlocked, adding 98.7 million tokens to the existing circulating supply of 1.15 billion 1INCH. Additionally, on May 29, Portal (PORTAL) will see the unlocking of 30.61 million tokens (3.06% of total supply), valued at around $26.59 million.

Furthermore, 33.30 million Axelar (AXL) tokens (3.33% of max supply) will be unlocked o…

The post Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave?


by CoinEdition
Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave?
  • Seven major token unlocks scheduled for the coming week
  • June 1 Dominates Unlock Schedule: dYdX, 1inch, Axelar, and others set for release
  • Market Impact Uncertain: Potential for increased supply and price volatility

Large-scale token unlocks in the cryptocurrency market often signal a bearish trend, as they release previously restricted assets into circulation, increasing supply and potentially lowering prices. These unlocks typically involve distributing tokens to team members, organizations, and early investors, including venture capital firms.

In the coming week, seven token unlocks are scheduled, potentially impacting the market. The first is the dYdX (DYDX) token unlock scheduled for June 1, where $67.77 million worth of digital assets will enter circulation.

Also on June 1, $30.78 million worth of 1inch (1INCH) tokens will be unlocked, adding 98.7 million tokens to the existing circulating supply of 1.15 billion 1INCH. Additionally, on May 29, Portal (PORTAL) will see the unlocking of 30.61 million tokens (3.06% of total supply), valued at around $26.59 million.

Furthermore, 33.30 million Axelar (AXL) tokens (3.33% of max supply) will be unlocked o…

The post Token Unlock Tsunami: Crypto Markets Ready for the Incoming Wave? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Sui Gains on Rival Solana as Trading Volume Explodes by 101%

Sui Gains on Rival Solana as Trading Volume Explodes by 101%

The Layer-1 blockchain Sui (SUI) is seeing heightened market attention, with its pric...
Sui Is Building a Skyscraper on a Shaky Price Foundation

Sui Is Building a Skyscraper on a Shaky Price Foundation

The Sui blockchain is presenting a stark paradox to the crypto market: while its deve...