On June 1, over a billion Hedera tokens will be released into the public supply. This has led to speculation in the cryptocurrency market that HBAR prices may experience a bearish trend due to an increase of tokens in circulation leading to an imbalance between sellers and buyers. Thus it is suggested that sellers may lower their asking price to attract buyers and cause a temporary downward trend in the cryptocurrency’s value.
In spite of this speculation, the Hedera project has experienced several token unlocks in the past few years that have helped reduce the level of selling pressure in the market. This may limit the impact of the token unlock on the price of HBAR. At the time of writing, the HBAR token is trading at $0.0513 and has gained 0.10% over the past 24 hours. Although there is a 9.21% drop over the preceding seven days, this is significantly less than expected.
Ivanna Patel
- 2023-05-13
The Implications of the Hedera Token Unlock
On June 1, over a billion Hedera tokens will be released into the public supply. This has led to speculation about the price impact of the HBAR token. How have past token unlocks and what will the HBAR token's current price of $0.0513 tell us?
