🔒 TOP-7 token unlocks for the upcoming week:
Ethena - $50.30 million;
Jito Labs - $18.31 million;
Spectral - $11.69 million;
Movement - $8.46 million;
Neon - $6.41 million;
Galxe - $4.51 million;
Delysium - $4.14 million
Unlocking previously restricted tokens means an increase in supply. This can affect liquidity, volatility, and trading volume of tokens.
In most cases, these unlocks lead to price declines, as demand may not match supply.
Small unlocks (from 0 to 1%) have little impact on token prices, while larger unlocks (over 1%) indicate price drops as the size of the unlock increases.
Essentially, the price change of a specific token is more significantly influenced by current market sentiment, fundamental indicators, narratives, and more.
