Let's break down this digital stew. Imagine a bunch of coins that were locked up finally seeing the light. This is called token unlocking. And what happens when there are a lot of new things on the market? Well, supply goes up and the price can fall. It's the law of life, or of the market!
This week, things got serious because $620 million in tokens from heavy projects like Sui, Optimism, and Solana are being released. It's like suddenly thousands of luxury cars hit the market. Will they keep costing the same? Maybe not.
Sui, the strongest tremor: This project is going to release $159 million all at once, a "cliff" unlock! 😨 This is what has traders on edge. Is a crash coming? Data already shows that people are pulling their coins to sell them.
Watch out: if the price falls below $3.50, the danger is real. If it breaks $3.03, run!
Optimism, the one going against the tide: This is where the story changes. Optimism is also unlocking tokens, but investors are doing the opposite. Instead of pulling their coins to sell them, they are keeping them in their wallets. 👀 This is called accumulation and it’s a sign that people trust the future of the project.
It seems that buyers are ready to absorb everything that is released.
Solana, the king of slow flow: Unlike Sui, Solana's unlocks are "linear". This means they are releasing coins little by little, like a constant drip ($102.8 million this week). That's why its price has remained more stable. It's as if the market can digest this new supply without choking. If confidence in Solana continues like this, it could withstand the hit, but we need to be alert with the levels of $202 and $196.
In summary: not all unlocks are the same. Sui is on the tightrope, Optimism seems to be gaining strength, and Solana is moving steadily. The market impact will depend on each project.
So, while some are rubbing their hands to sell, others see this as a golden opportunity to buy at lower prices. The million-dollar question is: will these $620 million be a brake or a springboard for the next big leap in cryptocurrencies? We will have to keep a close eye on these three. 😉$OP $SUI $SOL
