CandleFocus Two second-layer Ethereum tokens to avoid amid massive unlocks
2024-09-14
Author: Content Editor
This news article discusses the upcoming token unlocks on two popular Ethereum layer-2 blockchains, Arbitrum and Starknet. A total of nearly $100 million worth of tokens will be unlocked, which could lead to selling pressure and potential price loss. The article also highlights the shift in Ethereum's development focus from proof of stake and sharding to scaling the blockchain in layers. Additionally, it mentions criticism of Ethereum's layer-2 scaling model, with concerns about the conflicting financial interests and potential losses associated with these second-layer blockchains. Investors and traders are advised to monitor token unlocks to avoid negative impacts on the long-term price performance of these cryptocurrencies.
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