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$832M Token Unlocks to Shake the Crypto Market This Week
The cryptocurrency market is preparing for a significant event as numerous tokens are set to be unlocked between December 30th and January 5th, totaling an astonishing $832 million in value. As the digital asset community anticipates this unprecedented event, Coinchapter.com takes a closer look at the top-tier token unlocks that will have a substantial impact on the market dynamics.
Sui (SUI) stands out as it dominates cliff unlocks with a massive release of 64.19 million tokens valued at $263.20 million. This significant move is expected to increase SUI’s circulating supply by an astonishing 2.19%, making it a crucial event for the project’s future trajectory.
On the other hand, Worldcoin (WLD) maintains its leadership in linear unlocks with a massive release of 37.23 million tokens valued at $80.41 million, representing an impressive 4.48% increase in circulating supply. This significant move underscores the project’s ongoing token distribution strategy and potential impact on market fluctuations.
In another notable development, Fan tokens from major football clubs such as Juventus (JUV), FC Barcelona (BAR), and Atletico Madrid (ATM) are slated for release. JUV will unlock $334,102 in tokens, BAR will release $928,664, and ATM will drop $288,377 in tokens, adding incremental supply to their respective markets.
As the market anticipates this unprecedented event, it remains crucial for investors and traders alike to stay informed about the unfolding developments. The article highlights the importance of keeping an eye on these events to potentially capitalize on profitable investment opportunities.
Sources:
https://www.coindesk.com/cryptocurrency-token-unlocks-this-week-heres-what-to-watch/
https://medium.com/coinchapter/top-5-cryptocurrency-token-unlocks-this-week-how-to-trade-them-8f2b4e7a93c6
https://www.coinmarketcap.com/alexandria/token/…
Source: coinchapter.com
