More

    Over $1.5 Billion in Tokens Set for Unlocking: TIA, SUI, SOL, and More This Week

    The post Over $1.5 Billion in Tokens Set for Unlocking: TIA, SUI, SOL, and More This Week appeared first on Coinpedia Fintech News

    Over $1.5 billion in crypto tokens is set to flood the market this week, led by major unlocks for TIA, SUI, MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc. which will see huge amounts added to their circulation. 

    Alongside these large unlocks, gradual releases are also planned for SOL, WLD, AVAX, DOGE, and others. With all these tokens flooding in, investors are left wondering: will this lead to quick price drops, and should they hold or sell?

    TIA and SUI Lead the Unlocking of Events

    Among the notable unlocks TIA will release an impressive $923.42 million worth of tokens into the market, accounting for roughly 81.68% of its current circulating supply. This sizable unlock may influence TIA’s market price and trading activity. 

    According to Tokenomist, the single large-amount unlocking of more than $5m in the next 7d includes TIA SUI MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc., and the linear large-amount unlocking in the next 7d includes SOL WLD TAO AVAX DOGE SEI NEAR DOT BEAM FIL SUI, etc. The total… pic.twitter.com/jAW3pvYp9A

    — Wu Blockchain (@WuBlockchain) October 28, 2024

    Following TIA, SUI is set to unlock 64.19 million tokens, valued at approximately $111.06 million, representing around 2.32% of its circulating supply. While SUI’s unlock may be smaller in percentage compared to TIA, releasing such a large quantity of tokens could still influence SUI’s market price and liquidity.

    Other tokens like MEME, OP, IMX, ADA, and AGI are also set for release this week, adding to the market’s supply.

    Linear Unlocks for SOL and WLD

    Beyond the single large unlocks, additional “linear” unlock events — gradual releases over time — are lined up for SOL, WLD, TAO, AVAX, DOGE, SEI, NEAR, DOT, BEAM, and FIL.

    Solana (SOL), for instance, will release 524,000 tokens worth roughly $92 million, which is about 0.1% of its current circulating supply. 

    Followed by Woldcoin (WLD) also features prominently in the upcoming unlocks, with 37.23 million tokens set to be released, valued at $75.20 million and accounting for 6.45% of its circulating supply. 

    How Will These Unlocks Impact the Market?

    As these tokens enter the market, prices and trading volumes could see shifts due to increased supply. Large unlocks may influence buying or selling trends, while smaller unlocks like SOL and WLD might lead to smaller adjustments.

    With more tokens entering circulation, investors may experience short-term volatility in these assets. 

    Related articles

    Donald Trump Appoints Paul Atkin as New SEC Chair, Fact or Rumor?

    The post Donald Trump Appoints Paul Atkin as New SEC Chair, Fact or Rumor? appeared first on Coinpedia Fintech News As the cryptocurrency market experiences a price correction, several social media posts claim that President-elect...

    Time to Buy Cardano? $230M ADA Outflows Signal Bullish Rally

    The post Time to Buy Cardano? $230M ADA Outflows Signal Bullish Rally appeared first on Coinpedia Fintech News The recent election results have shifted overall market sentiment. Amid this, Cardano (ADA) along with other major...

    South Korea Martial Law Triggers Crypto Market Crash : Bitcoin and Altcoins Plunge

    The post South Korea Martial Law Triggers Crypto Market Crash : Bitcoin and Altcoins Plunge appeared first on Coinpedia Fintech News In the latest development, Cryptocurrency prices plunged and exchanges were paralyzed after South Korean...

    Stay Alert of Crypto Scammers in Holiday Season

    The post Stay Alert of Crypto Scammers in Holiday Season appeared first on Coinpedia Fintech News As the holiday season starts and people are busy shopping and enjoying themselves, scammers are getting busy as well....

    Bitcoin Price Analysis: Will BTC Break $98.7K or Fall to $90K?

    The post Bitcoin Price Analysis: Will BTC Break $98.7K or Fall to $90K? appeared first on Coinpedia Fintech News Bitcoin (BTC) price has failed to rally beyond the crucial threshold of around $98.7k in the...

    Latest articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here