$2.6B Worth of Token Unlocks Next Week, Market Braces for Sell Pressure

The crypto market has to prepare itself for a huge dose of sell pressure with $2.6 billion worth of token unlocks scheduled next week.

A massive wave of token unlocks is set to hit the crypto market next week, with a total of $2.6 billion worth of tokens being released from various projects. This influx of new tokens could exacerbate the ongoing market downturn, particularly for altcoins.

As reported by Tokenomist on X, a staggering 134.21% of Ondo (ONDO) circulating supply (1.94 billion tokens) will be released on January 18th, two days prior to Trump's inauguration - an event that many anticipate will significantly impact crypto in the US.

According to Tokenomist on X, on January 16th, 2.20% of Arbitrum's supply (92.65 million ARB tokens) will be unlocked, valued at $69.32 million. This follows the January 15th release of 12.86 million Ethena (ENA) tokens (0.42% of the supply) valued at $11.98 million and 64 million Starknet (STRK) tokens (2.65%) at $27.55 million. Additionally, 1.32% of Sei (SEI) will hit the market the same day (55.56 million tokens).

Over the past month, SEI has seen sharp declines, dropping 31.56%, and 43.58% over the past year, as reported by CoinMarketCap.

On January 17th, 15.60 million ApeCoin (APE) tokens (2.16%) will unlock, followed by 750,000 Echelon Prime (PRIME) tokens valued at $10 million.

These token unlocks, typically held by early investors, tend to generate bearish sentiment as they may flood the market when released gradually. As Trump's inauguration approaches, the market anxiously awaits its next move.

This article serves informational and educational purposes only and does not constitute financial advice. Perform thorough research and consult qualified professionals before making any cryptocurrency-related decisions.