The Ripple Effect of Token Unlocks on Crypto Markets
Hey fellow crypto enthusiasts, let’s dive into the world of token unlocks and how they can rock the crypto ship. As we all know, the crypto market can be a wild ride, and nothing triggers volatility quite like a big token unlock. It’s like a rollercoaster that never really stops. So, how does this all play out, and what can we do about it? Let’s break it down.
Token Unlocks: The Good, The Bad, and The Ugly
So here’s the deal: when large amounts of tokens get unlocked, the market can go a little haywire. Historically, 90% of these unlocks have resulted in negative price pressure, especially when they’re sizable. Just recently, a $2.2 million wallet shift and a 10 million token unlock for the HYPE token from Hyperliquid caused a 7%…
