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Crypto KOL: If institutions sell 5% of the monthly unlocked tokens, it can cause the price of mainstream altcoins to fall by 30-70%

Crypto KOL: If institutions sell 5% of the monthly unlocked tokens, it can cause the price of mainstream altcoins to fall by 30-70%

CointimeCointime2024/06/21 11:34
By:Cointime

 Hitesh Malviya, the founder of the cryptocurrency analysis platform DYOR, stated that the current market liquidity is poor. If investment institutions sell 5% of their monthly unlocked token quota, assets such as OP, ARB, APT, and SUI may experience a price drop of 30-70%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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