Will YFI, CYBER, STRK Unlocks Spark Similar Sell-Offs?
- YFI’s momentum was bearish, suggesting a decline to $8,089 in the short term.
- CYBER might retest $14 if the token hits the oversold region.
- With low volatility, STRK could drop as low as $1.78.
Aptos’ (APT) reaction to its latest token unlock could spell doom for other projects in the same boat, Coin Edition can confirm. A few hours ago, the project released about 25 million previously-locked tokens into circulation.
Historically, events like this have made it difficult for demand to outweigh supply. As such, prices crash. But sometimes, the opposite happens, and it has occurred in the past with APT. However, such was the case this time.
At press time, APT’s price had lost 3.64% of its value in the last 24 hours. With this development, will tokens including yearn.finance (YFI), CyberConnect (CYBER), and StarkNet (STRK) face a similar fate, as they also have unlocks coming?
yearn.finance (YFI)
According to Token Unlocks, the project would release 33,290 tokens on April 13. This is a small number compared to its previous unlocks. At press time, YFI’s price was $8,365, representing a 0.26% decrease in the last 24 hours.
From the 4-hour char…
The post Will YFI, CYBER, STRK Unlocks Spark Similar Sell-Offs? appeared first on Coin Edition.
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Will YFI, CYBER, STRK Unlocks Spark Similar Sell-Offs?
- YFI’s momentum was bearish, suggesting a decline to $8,089 in the short term.
- CYBER might retest $14 if the token hits the oversold region.
- With low volatility, STRK could drop as low as $1.78.
Aptos’ (APT) reaction to its latest token unlock could spell doom for other projects in the same boat, Coin Edition can confirm. A few hours ago, the project released about 25 million previously-locked tokens into circulation.
Historically, events like this have made it difficult for demand to outweigh supply. As such, prices crash. But sometimes, the opposite happens, and it has occurred in the past with APT. However, such was the case this time.
At press time, APT’s price had lost 3.64% of its value in the last 24 hours. With this development, will tokens including yearn.finance (YFI), CyberConnect (CYBER), and StarkNet (STRK) face a similar fate, as they also have unlocks coming?
yearn.finance (YFI)
According to Token Unlocks, the project would release 33,290 tokens on April 13. This is a small number compared to its previous unlocks. At press time, YFI’s price was $8,365, representing a 0.26% decrease in the last 24 hours.
From the 4-hour char…
The post Will YFI, CYBER, STRK Unlocks Spark Similar Sell-Offs? appeared first on Coin Edition.
Read More
Is Bitcoin’s Bull Run Confirmed? Not Until It Clears This $88k Hurdle