Massive Token Unlock Alert: $208 Million Set to Flood the Market
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 20 2024Token Unlock Overview: A total of $208.53 million worth of tokens will be unlocked in the next week, affecting 26 different cryptocurrencies, including Near Protocol, XPLA, and MintLayer, which are set to release significant portions of their locked supply.
Market Impact Predictions: Historical data suggests that token unlocks typically lead to either profit-taking by investors or reinvestment into other crypto assets, with many investors likely to benefit from these tokens as they were acquired at lower pre-launch prices.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
