Large Cap Cryptocurrencies Face Major Risk Due to Upcoming Token Unlocks
Saturday, 11 May 2024, 17:30
Significant Market Impact from Token Unlocks
A recent study on the top 300 cryptocurrencies by market capitalization reveals that over 20% are at risk of significant market impacts from upcoming token unlocks, with a focus on newer coins.
Crucial Findings for Investors
- Over 20% of large cap cryptocurrencies face risks from unlocking of tokens.
- Most new crypto projects are expected to unlock a substantial supply in the market.
- Low float cryptocurrencies represent 21.3% of the top 300 coins, indicating potential market shifts.
- Immediate impacts are expected from scheduled token unlocks in the near future.
This influx of new projects signifies a dynamic expansion within the crypto space and could lead to considerable market volatility.
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.