The post $450M in Crypto Tokens Set to Flood Market This Week appeared first on Coinpedia Fintech News
A wave of new token unlocks is starting from August 11 and will continue to August 18th. This will likely affect the market by changing the supply dynamics. Usually, large token unlocks tend to cause sharp, short-term price fluctuations and increased trading volume, and it can also lead to extreme price volatility.
Millions of New Tokens Unlocks in August
According to Tokenomist, in the next seven days, major cryptocurrencies like Aptos, Arbitrum, and Avalanche will undergo scheduled token unlocks.
- Fasttoken: FTN is releasing approximately 20 million tokens, valued at around $91.80 million.
- Cheelee: CHEEL is releasing approximately 20 million tokens, valued at around $91.90 million.
- Connex: CONX is releasing approximately 2.32 million tokens, valued at around $54.81 million.
- Aptos: APT will release approximately 11. 31 million tokens, valued at around $53.72 million
- Arbitrum: ARB will release approximately 92.65 million tokens, valued at around $43.38 million.
- Avalanche: AVAX will release approximately 1.65 million tokens, valued at around $40.15 million.
- Sei: SEI will release approximately 55.56 million tokens, valued at around $18.13 million.
- Starknet: STRK will release approximately 127 million tokens, valued at around $17.60 million.
- Solayer: LAYER will release approximately 27.2 million tokens, valued at around $17.33 million.
- CYBER: CYBER will release approximately 1.99 million tokens, valued at around $10.55 million.
- ZKsynk: ZK will release approximately 17.08 million tokens, valued at around $10.16 million.
- ApeCoin: APE will release approximately 15.60 million tokens, valued at around $9.83 million.
Various other tokens like Melania Meme, io.net, Onyxcoin, Solv Protocol, Oasis, etc. will each unlock millions of tokens.
What Will be the Impact on the Crypto Market?
The scale of a token unlock directly affects the crypto market. Larger unlocks, especially those exceeding 5% of the total supply, tend to trigger more pronounced price drops and heightened volatility.
A rise in available tokens could lower prices if demand doesn’t grow at the same rate, as it happened with the Pi coins. It can also shape the investor’s sentiment and market trend, depending on how the tokens are used, held, sold, or invested.
