Arbitrum, Solana Among Crypto Token Unlocks Worth More Than $221 Million This Week
Summary
- Major cryptocurrency projects are set for large token unlocks over the next week, raising the prospect of greater market supply pressure.
- More than $221 million of unlocked tokens is due from CONX, Arbitrum (ARB), deBridge, Easy Money, Solana (SOL) and Dogecoin (DOGE), among others.
- Unlocks can add short-term selling pressure and affect broader market liquidity, though not all tokens are sold immediately.
Forecast Trend Report by Period
Major cryptocurrency projects are set for large token unlocks over the next week, raising the prospect of additional supply pressure across the market.
Tokenomist data cited by Wu Blockchain on July 12 showed that large cliff unlocks worth more than $5 million over the next seven days include CONX, Arbitrum (ARB), deBridge (DBR) and Easy Money (YZY).
Projects with linear unlocks of more than $1 million a day include Solana (SOL), Dogecoin (DOGE), Worldcoin (WLD), Official Trump (TRUMP), Rain (RAIN) and Canton (CC).
The total value of tokens scheduled to be unlocked exceeds about $221 million.
Token unlocks typically release holdings allocated to early investors and project teams into the market, which can add short-term selling pressure. Larger unlocks at major projects may also affect liquidity across the broader market.
Not all unlocked tokens are sold immediately, however, and the actual price impact may be limited depending on market conditions and investor behavior.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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