The recent sharp decline in Bitcoin has also affected the altcoin market, including ARB coin. However, further decline is expected. Especially for the next 2.5 months. The reason for this is that approximately 2 billion dollars of lock openings will occur over the next 10 weeks, which will create sales pressure on the market.
ARB coin and those cryptos are unlocked
According to a report published by the cryptocurrency analysis and research company called 10x Research on May 8, Aptos (APT), Starknet (STRK), Arbitrum (ARB), Immutable X (IMX), Avalanche (AVAX), Optimism (OP), PRIME Lock openings will take place in popular altcoin projects such as , Sui (SUI), Ethena (ENA), Altlayer (ALT) and XAI. As a result of these lock openings, approximately 97 million dollars of APT, 79 million dollars of STRK, 94 million dollars of ARB, 53 million dollars of IMX, 330 million dollars of AVAX, 64 million dollars of OP, 28 million dollars of PRIME, 1 billion dollars of SUI, 48 million dollars of ENA, $171 million worth of ALT and $135 million worth of XAI tokens will be released and put into circulation.
This situation can create significant selling pressure on altcoin prices. Venture capital investors can limit bullish momentum and push the price down in cases where locks are opened. The following dangers await the altcoin market:
- Increased Supply: New tokens entering the market as a result of unlocking may reduce the value of existing tokens.
- Sales Pressure: Venture capital investors may want to sell their profits as the locks open. This could lead to a decrease in prices.
- Volatility: Increased supply and selling pressure may cause further volatility in the altcoin market.
What is the meaning of lock opening?
An unlock is an event where investors or project teams can gain access to tokens that have been locked for a certain period of time. These tokens are typically issued to investors or the team at the start of a project or funding round and are locked for a certain period of time. In this way, investors who show faith in the project and exhibit a long-term attitude are rewarded. However, the cryptocurrency market is always a market with high risk and high return potential.
cryptokoin.com As we reported, the unlock could create a significant selling pressure on altcoin prices by introducing a large supply of new tokens to the market. This could lead to significant declines in prices, especially when the market is already weak. It is important to consider these risks and do good research before investing. By following the unlock calendars, you can see which altcoins and how many tokens will be unlocked and when. In this way, you can make your investments more consciously.
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