The post Crypto Market Sees Major Token Unlocks in September appeared on BitcoinEthereumNews.com.

The cryptocurrency market is set for a dynamic shift in September with the unlocking of approximately $1.73 billion worth of tokens. According to data from TokenUnlocks, about $418.53 million of these tokens are identified as cliff unlocks. Cliff unlocks refer to tokens that are released on a scheduled basis, such as weekly or monthly, rather than daily. Significant Token Unlocks Investors are keeping a close eye on these unlocking events as they introduce new tokens into the market, potentially affecting the market dynamics. While some view these events as potential growth drivers, they also pose risks of increased selling pressure. TokenUnlocks analysts warn that the influx of new tokens requires sufficient liquidity, which could strain the market. Access COINTURK FINANCE to get the latest financial and business news. Noteworthy cliff token unlocks this month include Sui (SUI), Immutable (IMX), Aptos (APT), Arbitrum (ARB), and Optimism (OP). These unlocks are anticipated to have a significant impact on their respective token supplies and market performance. Detailed Breakdown Sui will release 64.19 million tokens on September 1, valued at around $51.6 million, which is 2.47% of its circulating supply. Immutable follows with the release of 32.47 million IMX tokens on September 6, worth approximately $47.41 million, accounting for 2.06% of IMX’s circulating supply. Aptos will unlock 11.31 million APT tokens on September 11. This represents 2.33% of APT’s total supply and has an estimated value of $76.68 million. Arbitrum is set to release 92.65 million ARB tokens on September 16, worth $47.48 million, making up 2.65% of ARB’s circulating supply. Finally, Optimism will unlock 31.34 million OP tokens in September, valued at $44.51 million. These tokens will be distributed to core contributors and investors to ensure the project’s long-term sustainability. What Should Investors Consider? Before making investment decisions, it is crucial for investors…

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Filed under: News - @ September 1, 2024 12:14 pm