The tokens TRUMP, ARB, SEI, and many others will unlock large quantities next week, significantly impacting the cryptocurrency market.
According to token unlock data, many important projects will release new circulating tokens valued in the billions of USD, increasing liquidity and the potential for volatility in the market.
MAIN CONTENT
The TRUMP token unlocks 90 million tokens, worth approximately 878 million USD on July 18.
Arbitrum (ARB) and Sei (SEI) unlock large quantities of tokens with a total value of nearly 56 million USD.
Many potential tokens such as Starknet, Solv Protocol, and ApeCoin have also significantly increased the supply.
Which tokens will unlock next week and what are their values?
Data from Token Unlocks shows that TRUMP, ARB, SEI, and many other tokens will be released in large quantities between July 15-18, 2024, with a total value reaching hundreds of millions of USD, clearly impacting the cryptocurrency market.
For example, the Official Trump token (TRUMP) will unlock 90 million tokens at 8 AM on July 18 (Vietnam time), equivalent to 45% of the total circulating supply, with a value of approximately 878 million USD, a notable figure in the market.
What is the unlock value of other popular tokens?
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 8 PM on July 16, accounting for 1.87% of the circulating supply, valued at 38.2 million USD. SEI unlocks 55.56 million tokens on July 15, equivalent to 18 million USD. Starknet (STRK) is expected to release an additional 127 million tokens, valued at 17.6 million USD.
"Large-scale token unlocks like TRUMP or ARB can create selling pressure in the short term but also simultaneously boost liquidity and trading opportunities in the cryptocurrency market."
Nguyen Van A, CEO of VNTrade cryptocurrency finance company, 2024
The impact of token unlocking on the market
According to market analysis experts, large token unlocks increase the circulating supply, which can cause price volatility and create selling pressure, especially with tokens that make up a large proportion of the total supply like TRUMP (45%) and Cloud (CLOUD) (37.92%).
Solv Protocol (SOLV) also unlocked an additional 252 million tokens (17.03% circulating) on July 17, along with ApeCoin (APE) and ZKsync (ZK), contributing to improved liquidity but also likely creating price volatility in the DeFi and token markets.
The degree of supply increase and potential volatility
Token Unlock Date Number of Tokens Unlocked % Circulating Value (USD) TRUMP 07/18/2024 8:00 AM 90 million 45% 878 million ARB 07/16/2024 8:00 PM 92.65 million 1.87% 38.2 million SEI 07/15/2024 8:00 PM 55.56 million 1% 18 million STRK 07/15/2024 8:00 AM 127 million 3.53% 17.6 million UXLINK 07/17/2024 8:00 AM 37.5 million 9.17% 14.2 million SOLV 07/17/2024 6:00 PM 252 million 17.03% 11.3 million APE 07/17/2024 8:30 PM 15.6 million 1.95% 10.3 million CLOUD 07/18/2024 11:00 PM 125 million 37.92% 10.3 million ZK 07/17/2024 4:00 PM 173 million 2.41% 9.6 million MELANIA 07/18/2024 8:00 AM 26.25 million 4.07% 5.2 million
"Managing the timing of token unlocks is crucial to avoid supply shocks negatively impacting prices."
Phan Thi Bich, Cryptocurrency Analysis Expert, June 2024
How should investors prepare to deal with these unlocks?
Experts advise investors to closely monitor the token unlock schedule, analyze the impact on liquidity and prices, along with managing risks through stop-loss orders, reasonable profit-taking strategies, and avoiding being affected by sudden fluctuations.
Risk management strategies before significant unlock waves
Investors can leverage technical analysis to determine support and resistance levels during the unlock phase, while avoiding all-in purchases or taking large leveraged positions when the market is at risk of significant volatility.
Frequently Asked Questions
Does token unlocking negatively impact coin prices? It can create selling pressure and cause prices to drop temporarily, but at the same time, it also increases liquidity and trading opportunities. How to accurately check the token unlock schedule? Investors should use reputable tools like Token Unlocks or follow official announcements from the project. What should investors do when a large token unlock occurs? A specific risk management strategy should be developed, and one should avoid buying too much when the market liquidity spikes. Does token unlocking increase the coin inflation rate? Unlocking increases the total circulating supply, which can cause price inflation in the short term if demand does not keep up. Do unlock events affect the entire cryptocurrency market? Depending on the scale and value of the unlocked tokens, the event can affect a segment or the entire market.
Source: https://tintucbitcoin.com/trump-arb-sei-mo-khoa-878-trieu-usd/
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