Crypto Markets News: What to Expect from October's $3.42 Billion Token Unlocks
Sunday, 29 September 2024, 09:00
Crypto Markets News: A Major Event in October
Crypto markets news indicates that October is set for one of its largest token unlocks in 2024, with over $3.42 billion worth of tokens poised for release. BeInCrypto emphasizes the top three unlocks impacting asset introduction into the market.
Understanding Token Unlocks
- Data from TokenUnlocks shows that approximately $1.6 billion of this month's unlocks are cliff unlocks.
- Cliff unlocks signify a schedule where tokens are released less frequently, such as weekly or monthly.
Market Implications
Since these unlocks bring previously unavailable tokens into circulation, they draw significant interest from investors and traders.
- Some view these unlocks as growth opportunities.
- However, they also carry the potential risk of increased selling pressure on the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.