Crypto Watchlist for the Week: Ethereum ETFs, Blast Airdrop, Optimism (OP) Token Unlock, and More
This week in particular is interesting for crypto investors, mainly due to the speculation about Ethereum ETFs and the much-awaited Blast airdrop. In his latest tweet, analyst The DeFi Investor shared the list of crypto watchlists for this week.
According to ETF experts, spot Ethereum ETFs are expected to go live before July 4. This launch could impact ETH’s price. Experts also believe that this could attract a new wave of institutional investors to ETH.
What you'll learn 👉
Blast Token Launch and Airdrop
On June 26, the much awaited launch of the Blast token and its accompanying airdrop will happen. After ZKsync and LayerZero. Blast is a project that has been generating hype and is set to distribute tokens to eligible participants.
The upcoming presidential debate between Biden and Trump, scheduled for June 27, is expected to have major effects for politically-themed meme coins. Tokens such as $TRUMP, $MAGA, and $BODEN may experience heightened volatility and trading volume according to The DeFi Investor.
Ethena (ENA) Introduces Restaking Pools on Symbiotic
June 26 marks an important date for Ethena (ENA) holders, as the project launches its first restaking pools on Symbiotic. This development allows ENA token holders to participate in restaking, potentially earning additional rewards. Symbiotic’s protocol enables the restaking of various assets, which could lead to increased utility and demand for ENA.
GMX, a popular DEX and trading platform, is set to begin distributing 5.4 million ARB tokens as ecosystem incentives on June 26. This distribution could boost participation in the GMX ecosystem and potentially impact the price of both GMX and ARB tokens.
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Show more +Optimism (OP) Token Unlock
On June 30, the team behind Optimism (OP) will unlock approximately $57 million worth of OP tokens. The entire amount will be allocated to core contributors and investors.
As per the details shared by The DeFi Investor, this week in particular has a mix of crypto events from different projects that users need to watch out for.
- Ethereum ETF Launch: Could lead to increased institutional investment and potentially higher ETH prices.
- Blast Token Launch: May create new trading opportunities and affect market sentiment.
- Political Meme coin Volatility: The presidential debate could trigger rapid price movements in related tokens.
- ENA Restaking: Might increase demand for ENA tokens and impact its price action.
- GMX ARB Distribution: Could boost participation in the GMX ecosystem and affect both GMX and ARB prices.
- OP Token Unlock: May lead to increased selling pressure on OP tokens.
While there are also other key events happening the in crypto sector this week, these six events are worth keeping in your watchlist.
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