Over $150 Million Token Unlocks Expected in Multiple Altcoins This Week
Over $150 Million Token Unlocks Expected in Multiple Altcoins This Week

Over $150 Million Token Unlocks Expected in Multiple Altcoins This Week

News summary

The cryptocurrency market is gearing up for significant volatility due to over $484 million in token unlocks scheduled across multiple altcoins, including Sui (SUI), Ethena (ENA), Optimism (OP), Kamino (KMNO), and others. SUI leads with an unlocking of approximately 44 million tokens, worth over $116 million, representing about 1.3% of its circulating supply, which could result in short-term price pressure and potential further declines given its current bearish technical indicators. Optimism and Ethena face combined unlock pressure of around $60 million, with both struggling to break key price levels amid increased supply. Kamino and Neon are notable for unlocking more than 10% of their circulating supply, suggesting heightened volatility potential. Historically, such large-scale token unlocks tend to trigger selling pressure and price dips, though SUI has shown resilience by often recovering weeks after unlock events. Traders and investors are advised to monitor these developments closely, as market reactions could drive sharp price fluctuations in the near term.

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Coverage Details
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2
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1
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1
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0
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Last Updated
10 hours ago
Bias Distribution
50% Center
Related News
Daily Index

Negative

24Serious

Neutral

Optimistic

Positive

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