A wave of token unlocks worth $450 million threatens tremors in the cryptocurrency market
Between August 11 and 18, the market will witness the release of millions of tokens for major cryptocurrencies like Aptos, Arbitrum, and Avalanche, with a total value exceeding $450 million. Large unlocks typically lead to sharp volatility and selling pressure if demand does not keep pace with the increased supply. The notable releases include:
• Fasttoken: $91.8 million
• Chiliz: $91.9 million
• Aptos: $53.7 million
• Arbitrum: $43.38 million
• Avalanche: $40.15 million
This increase in supply may pressure prices, especially if the unlocks exceed 5% of the total supply of the currency, which could make the market susceptible to rapid and strong fluctuations.