$500 Million Worth of Cryptocurrencies to be Unlocked, Potentially Impacting Market Prices
This week, various cryptocurrencies worth almost $500 million will be unlocked and distributed to team members and investors for ecosystem development. This could potentially impact the market due to the increased supply, with some tokens facing a 7% increase in supply. Historical data suggests that significant price changes may occur around two weeks after the unlock. TokenUnlocks data shows that Worldcoin's WLD, Arbitrum's ARB, Eigenlayer's EIGEN, and Axis Infinity's AXS are among the tokens set to be released, with a total value of over $170 million.
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