A prominent crypto analytics platform, 10x Research, recently warned against an impending bear market driven by the $2 billion token unlocks in the upcoming days. The platform asserted that the current bull market is likely to stay shorter and unlikely to culminate in a broad altcoin rally. Reportedly, the crypto market is expected to witness […]
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- The next two months are expected to witness a massive $2 billion token unlock of various altcoins.
- 10x Research warns that the token release will result in an impending bear market.
- The platform asserts that the token unlock will limit the breadth and duration of the prevailing bull market.
A prominent crypto analytics platform, 10x Research, recently warned against an impending bear market driven by the $2 billion token unlocks in the upcoming days. The platform asserted that the current bull market is likely to stay shorter and unlikely to culminate in a broad altcoin rally.
Beware of Token Unlocks. Will Venture Capital Funds cut this Altcoin cycle short?
1-12) The current cryptocurrency bull market cycle might be shorter than previous ones and unlikely to culminate in a broad altcoin rally. Are the crypto venture capital funds to blame?
— 10x Research (@10x_Research) May 8, 2024
Reportedly, the crypto market is expected to witness a massive unlock of various altcoins in the next two months. For instance, tokens like Aptos (APT), Starkware (STRK), and Arbitrum (ARB) are set to unleash $97 million, $79 million, and $94 m…
The post $2 Billion Token Unlocks: Will It Lead to a Longer Bear Market? appeared first on Coin Edition.
