Token Unlocking Events to Test Cryptocurrency Markets Next Week
- Over $12.59 million worth of digital assets will be unlocked this week.
- From June 3 to June 9, tokens like LQTY, 1INCH, EUL, and GAL will be unlocked.
- Investors can keep a close eye on and take advantage of these unlocking events.
Token unlocking, a pivotal event in the life cycle of a cryptocurrency project, refers to the scheduled release of previously locked or vested tokens into the market — an event that can significantly influence the price of these tokens.
Typically, these tokens are reserved for team members, early investors, or other stakeholders and are initially locked to maintain market stability and incentivize commitment to the project’s long-term success.
From June 3 to June 9, investors should be particularly attentive to these token unlocking events and exercise caution with their investments. When tokens are released into the market, the circulating supply increases. Basic economic principles suggest that if demand remains constant while supply increases, the price of the token may decline.
Weekly Cliff Unlocks : 3 – 9 JUN 24 
$ 12.59 m 
Highlights Unlocks The post Token Unlocking Events to Test Cryptocurrency Markets Next Week appeared first on Coin Edition.
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Token Unlocking Events to Test Cryptocurrency Markets Next Week
- Over $12.59 million worth of digital assets will be unlocked this week.
- From June 3 to June 9, tokens like LQTY, 1INCH, EUL, and GAL will be unlocked.
- Investors can keep a close eye on and take advantage of these unlocking events.
Token unlocking, a pivotal event in the life cycle of a cryptocurrency project, refers to the scheduled release of previously locked or vested tokens into the market — an event that can significantly influence the price of these tokens.
Typically, these tokens are reserved for team members, early investors, or other stakeholders and are initially locked to maintain market stability and incentivize commitment to the project’s long-term success.
From June 3 to June 9, investors should be particularly attentive to these token unlocking events and exercise caution with their investments. When tokens are released into the market, the circulating supply increases. Basic economic principles suggest that if demand remains constant while supply increases, the price of the token may decline.
The post Token Unlocking Events to Test Cryptocurrency Markets Next Week appeared first on Coin Edition.
Read More