The crypto market is facing a significant amount of sell pressure next week, with $2.6 billion worth of token unlocks scheduled. This influx of new tokens could further worsen the current market downturn, especially for altcoins such as Ondo, Arbitrum, Starknet, Sei, ApeCoin, Ethena, and Echelon Prime. The article highlights specific token unlocks for each of these projects, with some scheduled just before Trump's inauguration, which is seen as a potential turning point for crypto in the United States. Token unlocks often create bearish sentiment as early investor-held tokens are gradually released, potentially flooding the market. The market remains on edge, awaiting its next move in light of these upcoming token unlocks and the political event.
- Content Editor ( coinedition.com )
- 2025-01-10
Crypto Market Prepares for Token Sell-Off Ahead of Trump Inauguration Next Week