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Crypto Market Braces for $832M in Token Unlocks: Key Projects to Watch
The crypto market is bracing for a significant event as over $832 million worth of token unlocks are scheduled to occur this week. According to data from Tokenomist, the unlocking process will involve both single large-amount unlocks and linear large-amount unlocks across multiple projects.
One of the most notable single large-amount unlocks exceeding $5 million is expected in SUI, OP, ZETA, KAS, AI, DYDX, ENA, AGI, MAV, and GAL. These tokens are collectively expected to release more than $5 million each, which could have a substantial impact on their respective markets.
Additionally, linear large-amount unlocks will be seen across SOL, WLD, TIA, TAO, AVAX, DOGE, SEI, NEAR, DOT, SUI, and XRP. These tokens are expected to release significant amounts of value as well, which could have far-reaching consequences for traders and market participants.
The sheer scale of these unlocks is unprecedented and has the potential to create significant volatility in the crypto markets. It’s essential for investors and traders to stay informed about the projects involved and their corresponding price movements.
In conclusion, this week’s token unlocks are expected to be a key focus for the crypto community as over $832 million worth of value is set to be released.
Source: cryptonewsland.com
