The cryptocurrency market is gearing up for a major event as Optimism (OP), Aptos (APT), and Taiko (TAIKO) prepare for token unlocks collectively valued at $169.66 million. According to data from TokenUnlocksApp, millions of dollars worth of cryptocurrencies will flood various ecosystems this week, which could further amplify the prevailing selling pressure. Of these cryptocurrencies, Aptos (APT) dominates the token unlocks, with almost $100 million worth of APT set to be unlocked in the next seven days. Explaining The Token Unlocks Token unlocks refer to the release of a predetermined number of tokens that were previously locked or vested during the cryptocurrency’s launch. When these tokens become available, they can be traded on the market, which often leads to increased liquidity. However, a potential downside is that a sudden surge in supply can lead to price volatility as recipients of unlocked tokens might decide to sell, causing downward pressure on prices. As such, new buyers are used as the exit liquidity for early investors, team members, or project developers who are given these unlocked tokens. Related Re ..
Support the originator by clicking the read the rest link below.
