Major token unlocks are planned for 13 coins in the crypto universe next week. This means that a large increase in supply is expected in the market. Investors and traders are cautious about this development. It is thought that the increase in supply brought by the lock opening may put pressure on prices.
Effects of Token Unlockings on the Market
Token unlocks are defined as the release of previously locked coins. This process can have a significant impact on the supply-demand balance. Increasing supply can cause prices to fall if demand remains the same. Market observers state that this situation could create serious selling pressure.
13 Featured Crypto Coins
Included in the list are Sui, Optimism, Immutable, ZetaChain, dydx, Maverick Protocol, Cardano $0.394418Coins such as , Ethena, Galxe, Manta Network, Liquity, 1inch and Forta will experience unlocking in the near future. The amount and percentage of unlocking for each of these coins varies. For example, 68.79 million coins will be unlocked for SUI and 31.34 million coins for Optimism.
Total Lock Openings and Market Expectations
According to the Token Unlocks application, a total of $3.4 billion worth of cryptocurrencies will be released in October. In this context, important coins such as Celestia, Worldcoin and Solana will also experience large token openings. This could negatively impact overall market sentiment.
In the X post shared by Token Unlocks App, it was stated that the $ 3.4 billion cryptocurrency unlocking will take place in October.
Apart from the 13 coins mentioned above, projects such as Celestia, Worldcoin and Solana are also expected to open large amounts of tokens. These developments may create a general selling pressure in the market. Investors are advised to follow such events carefully.
Token unlockings present both risks and opportunities for investors. While prices may decrease as supply increases, investors can turn this situation into an advantage. However, it is useful to be careful in this period when market volatility is high.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
