Arbitrum (ARB), StarkNet (STRK), and More: Major Cryptocurrency Token Unlocks to Watch This Week
Seven crypto projects are preparing to unlock substantial amounts of tokens, setting up an important week for the cryptocurrency market. These unlocks have the potential to impact token prices and market sentiment, as a large influx of tokens becomes available for trading.
According to Coin Post, investors and traders should keep a close eye on these unlocks and consider the potential implications for their portfolios.
What you'll learn 👉
Top 7 Token Unlocks This Week
- Arbitrum (ARB): Arbitrum is set to unlock $92.35 million worth of ARB tokens this week.
- StarkNet (STRK): StarkNet, another prominent Layer 2 scaling solution, is scheduled to unlock $77.27 million worth of STRK tokens.
- Sei (SEI): Sei is set to unlock $62.90 million worth of SEI tokens.
- Uniswap (UNI): Uniswap is scheduled to unlock $58.89 million worth of UNI tokens.
- Immutable (IMX): Immutable is set to unlock $56.92 million worth of IMX tokens.
- LimeWire (LMWR): LimeWire is scheduled to unlock $40.01 million worth of LMWR tokens.
- Manta Network (MANTA): Manta Network is set to unlock $22.78 million worth of MANTA tokens.
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Show more +Potential Impact on Token Prices and Market Sentiment
Token unlocks can have a major impact on the price and market sentiment surrounding the associated cryptocurrencies. As large amounts of tokens become available for trading, there is a potential for increased selling pressure, which could lead to a decrease in token prices.
Read more: This Solana Meme Coin Skyrocketed by 6,000%: Two Traders Achieve 49x Returns
However, the actual impact of these unlocks will depend on various factors, such as the overall market conditions, the sentiment surrounding each project, and the strategies employed by token holders. Some holders may choose to hold their newly unlocked tokens for the long term, while others may look to sell quickly to realize profits or minimize potential losses.
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