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Bearish
$LAYER LAYER Drops 40% Amid Fears of Token Unlocking
On May 6, 2025, the Solayer token (LAYER) experienced a sharp decline of nearly 40% in just a few hours, falling from approximately $3.42 to around $1.94.
This depreciation is related to the announcement that, on May 11, 27.02 million LAYER tokens will be unlocked, equivalent to 12.87% of the circulating supply, valued at $86.73 million.
The prospect of a significant increase in token supply has raised concerns among investors about potential additional selling pressure, leading to position liquidations and the consequent drop in the asset's price.
Currently, LAYER is priced at approximately $1.78, with a daily change of -0.36%.
On May 6, 2025, the Solayer token (LAYER) experienced a sharp decline of nearly 40% in just a few hours, falling from approximately $3.42 to around $1.94.
This depreciation is related to the announcement that, on May 11, 27.02 million LAYER tokens will be unlocked, equivalent to 12.87% of the circulating supply, valued at $86.73 million.
The prospect of a significant increase in token supply has raised concerns among investors about potential additional selling pressure, leading to position liquidations and the consequent drop in the asset's price.
Currently, LAYER is priced at approximately $1.78, with a daily change of -0.36%.
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