|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Major Token Unlocks for Next Week Include SUI, IMX, DYDX, and These Top Altcoins
Aug 31, 2024 at 04:30 pm
Wu Blockchain reports that, according to TokenUnlocks, there will be significant token unlockings in the coming week.
Major crypto token unlocks for next week include SUI, IMX, DYDX, and these top altcoins. Wu Blockchain reports that, according to TokenUnlocks, there will be significant token unlockings in the coming week.
Overall, the total value of these unlockings is projected to exceed $270 million.
According to TokenUnlocks, the single large-amount unlocking (more than $5m) in the next 7 days includes SUI IMX ZETA TAIKO DYDX MODE, etc., and the linear large-amount unlocking (more than $1m) in the next 7 days includes SOL WLD DOT NEAR SEI, etc. The total unlocking value… pic.twitter.com/06vcVN5obA
These token unlocks can have both benefits and drawbacks for a crypto ecosystem and its overall performance.
On the one hand, token unlocks can benefit an ecosystem by injecting liquidity into the market and serving as an incentive for early investors and contributors. Successful unlocks could also signify project maturity and stability, potentially attracting new investors and helping to fund ongoing development activities, marketing, and partnerships.
On the other hand, this process also has some disadvantages. The influx of tokens can lead to price volatility; the price could drop sharply or increase very rapidly.
Additionally, some large holders might dump their unlocked tokens, which could impact price action. Retail investors may also withdraw their funds, and when many people do this, it will affect the value of the token.
Those holding tokens involved in upcoming unlocks are advised to conduct research to understand the purpose of the unlocks and how they could affect the market conditions of the affected tokens. This could help them make informed decisions.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bhutan Showcases How Developing Nations Could Leverage Bitcoin Mining to Improve Their Economies
- Sep 21, 2024 at 01:15 am
- The East Himalayan Kingdom of Bhutan is showcasing a powerful example of how developing nations could leverage Bitcoin mining to improve their economies
-
- MicroStrategy Acquires 7,420 BTC for $458.2M, Now Holds 252,220 BTC Worth $15.8B
- Sep 21, 2024 at 01:15 am
- Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 7,420 BTC for approximately $458.2 million
-
- Gold Reaches a New Peak of Over $2,614, Outperforming Bitcoin Dramatically
- Sep 21, 2024 at 01:15 am
- Gold's market cap exceeds $17.7 trillion, significantly larger than Bitcoin's $1.22 trillion valuation. Bitcoin has not reached a new all-time high since March 2023, showing weakness.
-
- XRP Price Prediction: Will the SEC Lawsuit Settlement Spark a Bull Run?
- Sep 21, 2024 at 01:15 am
- The closure of the Ripple vs SEC lawsuit that saw the firm ordered to pay $125 million in civil penalty has significantly freed XRP from bearish sentiments.
-
- BitMEX Co-Founder Arthur Hayes Sells 350K PENDLE Tokens at a $790K Loss
- Sep 21, 2024 at 12:25 am
- In a significant trading blunder, BitMEX co-founder Arthur Hayes has sold 350,000 Pendle PENDLE/USD tokens worth approximately $1.26 million
-
- Bitcoin (BTC) Price Predictions: Analyst Michaël van de Poppe Anticipates New All-Time High (ATH) in October
- Sep 21, 2024 at 12:25 am
- Renowned crypto analyst and trader Michaël van de Poppe has shared his insightful analysis of Bitcoin's future. Earlier today, he tweeted and explained that the BTC price is following the plan
-
- Polkadot and AI Companions Falter, While BlockDAG Testnet Launch Drives Presale to $73.5M
- Sep 21, 2024 at 12:25 am
- In recent crypto news, Polkadot and AI Companions have been making waves, though for less favorable reasons. Polkadot has hit a 12-month low, and AI Companions experienced a 13% drop in price. But while these coins face uncertainty, BlockDAG is gaining momentum with its recent Testnet launch.
-
- The Royal Canadian Mint Issues Its Newest Gold Maple Leaf (GML) Bullion Coin Completely Sourced From a Single Mine
- Sep 21, 2024 at 12:25 am
- The Royal Canadian Mint is issuing its newest Gold Maple Leaf (GML) bullion coin completely sourced from a single mine and it will offer Costco Canada
-
- Fantom (FTM), Immutable X (IMX), and Basic Attention Token (BAT) Experience Whale Activity Surges
- Sep 21, 2024 at 12:25 am
- Over the past day, Fantom (FTM), Immutable X (IMX), and Basic Attention Token (BAT) have experienced significant surges in crypto whale activities.