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3 cryptocurrencies to avoid amid $130 million in token unlocks

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Three cryptocurrencies will unlock over $130 million in tokens this week, which cryptocurrency traders should avoid having substantial exposure to. These unlocks have the potential to flood the market, leading to increased selling pressure and significant price fluctuations. On June 26, Finbold retrieved data from the TokenUnlocks.app , which shows $198.42 million in the seven-day cliff unlocks. Notably, this week’s three leading protocols will release $137.02 million in tokens, accounting for 69% of the total. Fifteen projects make up the “next seven days cliff unlocks.” Cliff Unlocks Next 7D. Source: TokenUnlocks.app Moreover, Ripple will unlock 1 billion XRP on July 1, worth $470 million, as it does monthly. Finbold already covered Ripple‘s unlock in a unique report published today. Picks for you Beware: Ripple to unlock 1 bil...

Over $83m flows into crypto market as liquidity unlocks

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According to the data provided by Token Unlocks, the market for cryptocurrency tokens saw a substantial injection of liquidity this past week that amounted to more than $83.38 million. The liquidity was divided over the following projects: SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH. Unlocking a certain part of the total supply of tokens was a need for each one, and this requirement contributed to the volume as a whole. This week's cliff unlocks are over $83.38 m Highlight are $SUI & $OP$SUI 11.6% – $44.4 m $OP 3.8% – $31.9 m $YGG 3.9% – $2.8 m$AGIX 0.8% – $2.4 m$ACA 4.3% – $1.2 m$GAL 1.3% – $0.7 m#1INCH 0.01% – 20.6 k ( % Cir. supply ) Link ️ : https://t.co/8XoTR8tBPT pic.twitter.com/qX1L2uapvM — Token Unlocks (@Token_Unlocks) June 26, 2023 SUI, a layer 1 blockchain smart contract system, is one of the projects that has distributed tokens worth $44.4 million. This represents 11.6% of the total amount of tokens that are in circ...