A massive wave of token unlocks worth over $297 million is poised to shake the cryptocurrency market this week, according to data from Tokenomist and shared by Wu Blockchain. This influx of newly available tokens will affect popular crypto assets like SOL, TRUMP, WLD, DOGE, AVAX, ZEC, APE, and more, leading to potential price fluctuations.
Large one-time unlocks are leading the charge, with several tokens releasing significant amounts of supply – for example, ZRO is expected to unlock $37.28 million worth of tokens worth over 7.29% of its total supply. Similar large unlocks will impact other prominent cryptocurrencies like SOL, TRUMP, WLD, and DOGE.
Experts warn that these sudden releases can trigger short-term volatility, especially for smaller-cap tokens. If investors capitalize on the unlocked tokens, it could lead to price corrections. However, larger market trends may also influence the market’s response. Some tokens, like SOL and DOGE, are expected to handle this wave of unlocks more smoothly due to their high liquidity.
This week’s significant unlocks come at a time when crypto markets are already exhibiting heightened volatility. Investors watching for potential price swings related to supply-driven events over the next seven days are advised to keep an eye on market activity.