3 cryptocurrencies to avoid this week amid $150 million in token unlocks
Three cryptocurrencies will unlock over $150 million in token s this week, which crypto currency traders should avoid having substantial exposure to. These unlock s have the potential to flood the market, leading to increased selling pressure and significant price fluctuations. On June 15, Finbold retrieved data from the TokenUnlocks.app , which shows $181.35 million in the seven-day cliff unlocks. Notably, this week’s three leading protocols will release $149.48 million in tokens, accounting for 82% of the total. Nine projects make up the “next seven days cliff unlocks.” Cliff Unlocks Next 7D. Source: TokenUnlocks.app Arbitrum’s (ARB) $85M token unlock First, Arbitrum (ARB) has the week’s highest unlock in USD value, with an $85.37 million supply inflation. This amount will increase Arbitrum’s circulating supply by 3.2% on June 16, likely creating a selling pressure. ...