Cryptocurrencies will unlock $230 million this week – What to expect?
The cryptocurrency industry will unlock nearly $230 million in vested tokens this week, sounding an alarm to these diluted cryptocurrencies. These unlocks will happen after a volatile week, with most digital assets experiencing a massive crash in the price. Looking for insights, Finbold turned to TokenUnlocksApp on August 10, spotting 14 cryptocurrencies with an unlock schedule for this week. Notably, $229.77 million in tokens will reach the market in the next seven days, likely creating relevant selling pressure. In particular, three cryptocurrencies accrue for 76% of all the unlocks, releasing $174.96 million worth of their native tokens. Picks for you Analyst sets XRP's next all-time high for upcoming bull market 40 mins ago '...