CandleFocus

Crypto Market to See $1.4 Billion in Crypto Unlocks This Week: Impact on Prices?

A significant amount of cryptocurrencies, worth $1.4 billion, will be unlocked in the coming days, potentially having an impact on the market. Unlocking events typically have a bearish effect as they increase the supply of a cryptocurrency. The biggest token unlock is from Celestia (TIA), with $1.06 billion worth of tokens entering the market. Sui Network (SUI), Optimism (OP), Immutable (IMX), Memecoin (MEME), and ZetaChain (ZETA) will also have unlocking events. The article provides specific details on the amount of tokens being unlocked for each project, their recent price movements, and market rankings. However, it is important to note that the article is for informational purposes only and does not constitute financial advice.

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