2 cryptocurrencies set for massive unlocks to avoid trading this week
The cryptocurrency market is set to undergo several unlocks this week that could put significant selling pressure on affected assets. Notably, token unlocks are scheduled events in crypto projects where previously locked tokens for teams, investors, or rewards become tradable. While intended to stagger supply and prevent shocks, they often weigh on prices in the short term, especially when large sums are released. For this week, two assets under the unlock schedules are worth watching. Solana (SOL) According to Tokenomics data, Solana (SOL) is set to unlock 502,930 SOL tokens, valued at approximately $121.22 million. While the release represents just 0.09% of Solana’s circulating supply, the dollar value is substantial. If such a large amount floods the market, it will boost liquidity but also increase the risk of downward pressure as recipients sell. Price action will also depend on broader market trends, which have heavily influenced Solana’s trajec...