Space ID: Token Unlock of $120 Million and Its Potential Impact on Market
Wednesday, 20 March 2024, 18:25
Major token unlock and sell-off
Space ID is set to unlock $123 million worth of tokens, a significant challenge for investors. The distribution of tokens among various entities poses a sell-off threat.
Market impact and potential losses
Investors face risks of around 60% losses due to the massive token unlock and overbought status. Cryptocurrency traders should closely monitor ID's price action amidst the expected volatility.
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