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This week, unlocking of over 150 million dollars will take place in the crypto market.
According to Tokenmist and other market data, significant amounts of tokens will be released in major projects such as EIGEN, ENA, FET, CELO, MOCA, TRIBL, OP, 1INCH, SUI, and ZETA. These developments may create selling pressure in the relevant crypto assets in the short term.
The locked assets of crypto projects are being unlocked at certain intervals, increasing the circulating supply and creating pressure on the price. The biggest lock unlocks this week are as follows:
ENA (ETHENA): A token worth 3.27 million dollars will be opened. 0.25% of the circulating supply. Opening date: Wednesday, February 26th.
SUI (SUI Network): A token worth 76.71 million dollars will be opened. 0.74% of the circulating supply. Opening date: 28th February Friday.
FET (Artificial Superintelligence Alliance): A token worth 2.47 million dollars will be launched. 0.13% of the circulating supply. Opening date: February 27, Thursday.
CELO (Celo): Token worth 1.17 million dollars will be opened. 0.51% of the circulating supply. Opening date: Thursday, February 27.
MOCA (MOCA Network): A token worth 325.35 thousand dollars will be opened. 0.13% of the circulating supply. Opening date: Thursday, February 27th.
TRIBL (Tribal Token): A token worth 299.12 thousand dollars will be opened. 10.12% of the circulating supply. Opening date: February 27, Thursday.
OP (Optimism): A token worth 35.10 million dollars will be launched. 1.93% of the circulating supply. Opening date: 27 February Thursday.
1INCH (1inch): $16.81K worth of tokens will be opened. 0.01% of the circulating supply. Opening date: Friday, February 28.
ZETA (ZetaChain): $13.96 million worth of tokens will be opened. 6.48% of the circulating supply. Opening date: February 28, Friday.
Token unlocks of this magnitude can often create pressure on prices, especially when they constitute a significant percentage of the circulating supply, increasing the short-term downside risk in the relevant tokens.
In projects such as OP, ZETA, and TRIBL, having more than 1% of the circulating supply in free float can be critical for investors. Especially high-volume token launches can lead to significant selling pressure and increase short-term volatility in the market.
This week, it is important for investors to follow the price movements of projects whose locks will be opened, to be careful against selling pressure, and to be prepared for possible market fluctuations.
#创作者挑战赛#