CandleFocus SUI, SOL, WLD, IMX, ZETA Set for Price Drop as Major Unlocks Approach
2024-09-24
Author: Content Editor
Several cryptocurrencies, including Solana (SOL), Sui (SUI), Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA), are facing a potential price drop as major token unlock events approach. Token unlocks scheduled between September 30 and October 6 total over $329 million and could flood the market with tokens, resulting in a supply shock and price crash. Sui, Solana, Immutable, and ZetaChain will all experience token unlocks during this period. The impact on SOL's price is expected to be less severe due to its recent upgrades and institutional adoption. Worldcoin's price movement will depend on investor decisions, while Immutable and ZetaChain may see price corrections following their unlocks.
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