From January 27 to February 2, 2025, several major tokens including SUI, OP, ZETA, DYDX, GAL, AI, and YGG will experience insider unlocks, with a total of 304.8 million tokens hitting the market. These unlocks could potentially impact prices, particularly for tokens like SUI, OP, and ZETA that are already experiencing bearish momentum. Despite the upcoming unlocks, SUI's price and market cap have been decreasing, suggesting weak buying support. OP has also seen a decline in price and trading volume, and the unlock of $53.28 million in OP tokens may only have a short-lived impact. ZETA's price and trading volume have dropped, indicating a lack of strong demand, despite the upcoming unlock of $20.01 million worth of tokens. AI Token's price has dropped, but trading volume remains active. YGG and GAL are also facing declines in price, with YGG's market cap down to $144.88 million and GAL's market cap at $13.35 million. GAL's trading volume has risen, indicating renewed interest. Overall, these insider unlocks may bring short-term volatility to the tokens' market positions, but the broader market conditions and weak buying support may limit significant recoveries.
Content Editor ( coinedition.com )
- 2025-01-25
Insider Unlocks Set to Impact Market Dynamics: January 27 – February 2, 2025
