Token Unlocks to Test Crypto Market Stability This Week

Investors prepare for a wave of token unlocks this week, which could inject millions of dollars worth of new cryptocurrencies into the market and potentially create significant price volatility. Projects like DYDX, Pendle, Aptos (APT), 1inch, Immutable X (IMX), CyberConnect (CYBER), and Strike (STRK) are among those set to release previously locked tokens into circulation. […]

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Token Unlocks to Test Crypto Market Stability This Week

  • Significant token unlocks this week could lead to increased market volatility and notable price movements.
  • Major Tokens like DYDX, Pendle, and Aptos are set to unlock millions in tokens, impacting prices.
  • Token unlock events can lead to price fluctuations, offering both risks and opportunities for traders.

Investors prepare for a wave of token unlocks this week, which could inject millions of dollars worth of new cryptocurrencies into the market and potentially create significant price volatility. Projects like DYDX, Pendle, Aptos (APT), 1inch, Immutable X (IMX), CyberConnect (CYBER), and Strike (STRK) are among those set to release previously locked tokens into circulation.

Source: Token unlocks

DYDX, a decentralized exchange, will unlock $2.71 million worth of tokens, constituting 0.58% of its total supply. Currently trading at $1.75, DYDX has experienced a 7.41% decline over the past 24 hours. With a market cap of $467.76 million and 55.6% of its total supply already unlocked, this event could further influence DYDX’s market performance.

Pendle, priced at $5.18, has a market cap of $809.27 million. It will release $192.97 thousand worth of tokens…

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