Crypto Markets News: September’s Major Token Unlocks – A $1.73 Billion Infusion
In September, the crypto market is poised for significant activity as approximately $1.73 billion worth of tokens are set to be unlocked. BeInCrypto has highlighted the top five unlocks that will introduce a substantial influx of assets into the market.
September’s Token Unlocks: What to Expect in the Crypto Market
Data from TokenUnlocks indicates that approximately $418.53 million of this month’s token unlocks are classified as cliff unlocks. In this context, cliff refers to tokens set to release on a schedule that’s more periodic than daily, such as weekly, monthly, or yearly.
The Impact of Token Unlock Events
Since token unlocks introduce previously unavailable tokens into circulation, investors and traders closely monitor these events because they affect the market environment. While some view these events as growth opportunities, they also carry the risk of increased selling pressure.
Analysts at TokenUnlocks warn that the notion of...
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.