Render (RNDR) investors brace themselves for a big thing as almost $7.14 million in tokens are expected to be unlocked. This impending unlock has ignited speculation within the crypto community, prompting questions about whether this will lead to a pump or dump scenario for the RNDR token. The unlock is part of a larger trend […]
The post RNDR Surges 18% Amidst Unlock Speculation – What’s Next? appeared first on Coin Edition.
- Tokens could fuel market volatility, impacting the prices of RNDR and other tokens.
- RNDR’s recent rally suggests positive sentiment, but conflicting technical signals pose uncertainty.
- Daily linear unlocks may pressure token prices downwards, depending on market demand.
Render (RNDR) investors brace themselves for a big thing as almost $7.14 million in tokens are expected to be unlocked. This impending unlock has ignited speculation within the crypto community, prompting questions about whether this will lead to a pump or dump scenario for the RNDR token. The unlock is part of a larger trend in the crypto market where token unlocks can have a substantial impact on price dynamics.
In the next seven days, a total of $386.04 million worth of tokens will be unlocked, with the top three tokens being ARB, AXS, and IMX. Thus, these unlocks implicate a substantial percentage of each token’s total supply, giving rise to fears of market instability. Additionally, linear unlocks occur daily, further adding to the overall token supply entering the market.
Among the tokens experiencing linear unlocks, WLD, SOL, and AVAX are leading the pack in terms of daily unlock v…
The post RNDR Surges 18% Amidst Unlock Speculation – What’s Next? appeared first on Coin Edition.
