Token unlocks are important and every crypto trader needs to know about them.
Typically when a token launches, there are early investors, employees, developers, etc that all receive tokens for cheap. Sometimes they even get the tokens for free.
But the tokens are “locked” for a certain period of time. This is so investors don’t immediately sell the tokens, take the profit, and run for the beach to sip on margaritas.
Well, there are a bunch of tokens unlocking this week:
Optimism (OP) will unlock 386M tokens (worth ~$580M) Hedera (HBAR) will unlock 1.2B tokens (worth ~$68M) 1inch (1INCH) will unlock 250M tokens (worth ~$100M) Sui (SUI) will unlock 61M SUI tokens (worth ~$64M) So what? Token unlocks are usually followed by one thing… price volatility.
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INCOMING Token Unlocks
Token unlocks are important and every crypto trader needs to know about them.
Typically when a token launches, there are early investors, employees, developers, etc that all receive tokens for cheap. Sometimes they even get the tokens for free.
But the tokens are “locked” for a certain period of time. This is so investors don’t immediately sell the tokens, take the profit, and run for the beach to sip on margaritas.
Well, there are a bunch of tokens unlocking this week:
Optimism (OP) will unlock 386M tokens (worth ~$580M)
Hedera (HBAR) will unlock 1.2B tokens (worth ~$68M)
1inch (1INCH) will unlock 250M tokens (worth ~$100M)
Sui (SUI) will unlock 61M SUI tokens (worth ~$64M)
So what? Token unlocks are usually followed by one thing… price volatility.