Insider Unlocks Set to Impact Market Dynamics
The post Insider Unlocks Set to Impact Market Dynamics appeared on BitcoinEthereumNews.com.
Insider unlocks from January 27 to February 2 could spark short-term volatility. Bearish market momentum limits potential recovery for SUI, OP, and ZETA tokens. AI Token and GAL show mixed market reactions despite increased trading activity. From January 27 to February 2, 2025, several major tokens will see significant insider unlocks. A total of 304.8 million tokens are set to hit the market, potentially affecting prices. SUI, OP, ZETA, DYDX, GAL, AI, and YGG are among the most notable tokens with upcoming unlocks. These releases come as the broader market shows bearish momentum, particularly for tokens like SUI, OP, and ZETA. SUI Bearish Momentum with Limited Recovery Potential SUI’s price stands at $4.17, down 5.10% in the past 24 hours. The token has been trending downward, failing to hold recent highs. This price drop, combined with a decrease in trading volume, suggests weak buying support. SUI’s market cap is now $12.54 billion, also down 5.10%. Despite the upcoming unlock of $208.89 million worth of SUI, the token’s bearish momentum could limit any significant recovery in the short term. Related: Altcoin Unlocks Total $108M: Key Events from January 20-26 Optimism (OP) Declining Activity Amidst Unlock Events Optimism (OP) has also seen a 5.40% decrease in price, now at $1.67. Market sentiment is clearly bearish, with a corresponding 27.65% drop in trading volume. With $53.28 million in OP tokens set to unlock, the price could experience some volatility. However, given the current decline in market cap and reduced interest, any positive impact from the unlock might be short-lived unless strong buying support materializes. ZetaChain (ZETA): Struggling to Maintain Valuation ZetaChain (ZETA) has been facing a tough time, with its price at $0.4489, down 4.50% in the last 24 hours. Despite the significant upcoming unlock of $20.01 million worth of ZETA tokens, the…
Filed under: News - @ January 25, 2025 4:23 pm