Three Cryptocurrencies Will Unlock Over $130 Million in Tokens This Week, Which Cryptocurrency Traders Should Avoid Having Substantial Exposure To

These unlocks have the potential to flood the market, leading to increased selling pressure and significant price fluctuations.

Three cryptocurrencies will unlock over $130 million in tokens this week, a development that could lead to substantial sell-offs and impact the prices of the respective digital assets.

As reported by Finbold on June 26, TokenUnlocks.app data reveals $198.42 million in the seven-day cliff unlocks. Three leading protocols will notably release $137.02 million in tokens this week, which represents 69% of the total. The “next seven days cliff unlocks” feature 15 projects.

Furthermore, on July 1, Ripple will unlock 1 billion XRP, currently valued at $470 million, as part of its monthly routine. Finbold covered the Ripple unlock in a separate report published earlier today.

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Optimism’s (OP) $55M token unlock

One cryptocurrency that investors may want to avoid trading amid a potential sell-off is Optimism (OP), the second layer for Ethereum (ETH).

On June 30, the protocol will unlock 31.34 million OP tokens that are currently valued at $55.16 million. In May, the network unlocked the same amount of tokens, which were then worth $80.23 million, as reported by Finbold.

Optimism’s unlock, which repeats every month with slight variations, represents a supply inflation of nearly 3%. Core protocol contributors will receive 16.54 million OP valued at $29.11 million, while private investors will receive $26.05 million to realize their monthly profits over retail buyers.

The nominal values of the received amounts were $42.35 million and $37.89 million, respectively, last month.

Sui Network’s (SUI) $54.6M token unlock

Another cryptocurrency that may be impacted by recurrent monthly token unlocks is Sui Network (SUI), a layer-1 blockchain that will increase its supply by 2.7% this month.

On July 1, the protocol will unlock 64.20 million SUI for private investors, the development team, and the Mysten Labs treasury. Notably, private investors will receive 39.16 million SUI for over 60% of the total $54.63 million worth of unlocks.

интересно, что то же самое количество токенов стоило 70 миллионов долларов в прошлом месяце, что свидетельствует об уменьшении покупательной способности в результате инфляции.

Finally, the last major unlock is from io.net (IO), which will see a community release of 7.5 million tokens valued at $27.23 million and a nearly 8% supply inflation.

Cryptocurrency traders will attempt to speculate on the economic effects of these unlocks and sell-offs on price, which could increase volatility and worsen the potential risk-reward ratio. It’s worth noting that the market is influenced by multiple factors and traders should always employ proper risk management and identify when to avoid trading specific cryptocurrencies.

The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.