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Cryptocurrency News Articles

Holders Of These Cryptos, Be Careful! Massive Unlocks Coming for SUI, ONDO, And…

Sep 27, 2024 at 02:05 pm

Crypto holders are on alert as key unlock events are expected across several major assets in the coming days and months. According to an update from Crypto Stream, SUI, ONDO, and other tokens are set for substantial unlocks.

Holders Of These Cryptos, Be Careful! Massive Unlocks Coming for SUI, ONDO, And…

Several major crypto assets are preparing for key unlock events, which could impact their prices and market behavior in the coming days and months.

According to an update from Crypto Stream, SUI, ONDO, and other tokens are set for substantial unlocks, scheduled within the next seven days, 30 days, and six months.

The tweet highlights the upcoming cliff unlocks over several timeframes. Within the next week, SUI is set to unlock $108 million worth of tokens, while other tokens like OP and ZETA will also experience substantial unlocks.

Be Careful if you hold these Assets:

Cliff Unlocks Next 7 days

• $SUI – $108m

• $OP – $54m

• $ZETA – $34m

Cliff Unlocks Next 30 days

• $NEON – $20m

• $MODE – $6m

• $TAIKO – $21m

Cliff Unlocks Next 6 months:

• $ONDO – $1.54b

• $TIA – $1.11b

• $SUI – $654m

__I'm… pic.twitter.com/sgCKh2tliw

In the next 30 days, tokens like NEON, MODE, and TAIKO will have unlocks, with NEON set to release $20 million. However, the most substantial token unlocks will occur within the next six months, including a massive $1.54 billion unlock for ONDO and $654 million for SUI.

These unlocks are anticipated to impact the circulating supply of these tokens, which could lead to changes in price. While some worry about potential sell-offs, others believe these unlocks may offer opportunities for growth in the long term.

Market Sentiment on SUI and Its Emissions

As SUI prepares for the upcoming unlocks, market sentiment remains mixed. According to the tweet, the current market cap of SUI is nearing its all-time high, and the price still appears to be holding strong.

Despite the upcoming emissions, some believe that SUI has the potential to maintain its momentum and continue winning in the market. However, the possibility of a tipping point remains, where the influx of unlocked tokens may trigger a reversal in the token’s price.

The tweet also raises the question of whether SUI will be able to sustain its hype in the face of these emissions. As more tokens enter the circulating supply, the market’s response will be crucial in determining SUI’s future price movement.

ONDO’s January Unlock: A Potential Game Changer?

Another token mentioned in the tweet is ONDO, which will see a massive $1.54 billion unlock in January. The tweet suggests that while most of this supply will flow to the project’s treasury, this could be bullish for the token.

However, there is also concern about how the ecosystem allocation could be used. This is with some suggesting that projects have used such allocations to cash out.

The future of ONDO depends on how the project manages these funds. With a large portion going towards ecosystem growth and protocol development, the potential for sustainable growth exists.

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Read also: Dogecoin Price Breaks 6-Month Downtrend: Is DOGE Primed for a Rally?

The Situation Surrounding TIA

The tweet also touches on the current situation with TIA, which raised an additional $100 million just days ago. While this may seem like a bullish sign, concerns have been raised about the transparency of the fundraising announcement.

The tokens may unlock in October, which could catch some investors off guard. While nothing has been confirmed, the situation reminds investors to stay cautious, particularly when holding tokens like TIA.

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News source:captainaltcoin.com

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Other articles published on Nov 15, 2024