TRUMP meme coin leads this week's Token unlocking schedule with a total value of 1.574 billion USD, of which 90 million Tokens worth 865.8 million USD will be released.
This week, there are 15 different cryptocurrencies participating in Token unlocks in the form of cliff and linear, causing diverse and continuous supply pressure in the market over the next 7 days.
MAIN CONTENT
TRUMP meme coin holds the majority of the unlocked value with 90 million Tokens equivalent to 865.8 million USD.
Solana and Worldcoin are the two flagship projects in linear unlocking phases with high weekly values.
The difference in Token unlocking progress creates varying market pressures for each project.
Why does TRUMP Token dominate in this week's cliff unlocks?
According to the CEO of the Tokenomist platform, TRUMP Token is leading in terms of the amount of Tokens needing to be unlocked, accounting for 45% of the total supply unlocked this week with 90 million Tokens worth 865.8 million USD.
Releasing such a large volume of Tokens in one go is unprecedented and can profoundly affect the liquidity and trading value of TRUMP Tokens.
TRUMP meme coin is a notable phenomenon with the largest amount of Tokens released in one go, creating market fluctuations that cannot be ignored.
Statement from Tokenomist, June 2024
Other Tokens such as CONX, FTN, and ZRO also joined the large unlock phase, with values from 56 million USD to 146 million USD and unlocking rates from 2.17% to 10.28% of the total project Token supply.
Why does Solana stand out in daily Token unlocks in linear form?
The investment director of Landsend Capital stated that Solana holds the leading position in daily unlocking phases with 465.77 thousand Tokens worth 75.88 million USD, creating continuous and stable market pressure.
The continuous unlocking of Tokens gradually increases supply, directly affecting long-term investors as well as short-term traders.
Solana's linear unlocks create steady and sustained supply pressure, requiring investors to proactively adjust their strategies.
David Chen – Investment Director, Landsend Capital, 2024
Worldcoin, Bittensor, and Dogecoin also continuously unlock Tokens daily with values ranging from 13.5 million USD to 37 million USD per project, creating significant supply competition in the market.
How does the market impact of Token unlocks differ?
Data from CoinMarketCap shows Starknet has a completed unlocking rate of 35.86%, with circulating Tokens at 3.59 billion STRK and the next unlock of 163 million Tokens worth 23.4 million USD, accounting for 1.63% of the total locked supply.
The difference in unlocking rates leads to different selling pressures and price volatility among projects, depending on Token distribution strategies and market capitalization.
Projects like Turbos Finance, Sei, or FitBurn have Token unlocking progress from 38% to 55%, impacting supply and Token prices depending on the volume of subsequent releases.
Project Token Unlocks This Week Unlock Value (USD) Percentage % of Supply TRUMP 90 million 865.8 million USD 45% CONX 2.32 million 145.81 million USD 3.30% Solana (Linear) 465.77 thousand/day 75.88 million USD 0.09% Starknet 163 million 23.4 million USD 1.63%
Frequently Asked Questions
1. How do Token unlocks affect cryptocurrency prices?
Token unlocks often increase circulating supply, causing downward price pressure if demand does not increase correspondingly.
2. What are the differences between cliff and linear unlocks?
Cliff is a one-time large unlock, while linear is a continuous drip unlock, affecting supply in different ways.
3. How do investors respond to large unlocks?
Investors need to monitor unlock schedules, diversify their portfolios, and apply effective risk management techniques.
4. What can a high Token unlocking rate lead to?
High unlocking rates often create significant selling pressure in the market, which can cause considerable price volatility.
5. Where is the Token unlock information sourced from?
Token unlock data is often sourced from reputable platforms like Tokenomist, CoinMarketCap, or official project reports.
Source: https://tintucbitcoin.com/trump-meme-coin-mo-kho-dan-dau/
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