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DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock


by CoinEdition

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DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock
  • Token unlocks trigger varied price responses depending on market conditions and investor confidence.
  • PENDLE surged 234% post-unlock, showcasing strong demand despite supply increase.
  • ENA dropped 66.73% following a token unlock, highlighting unpredictable market reactions.

Token unlocks are changing the DeFi space by releasing tokens into circulation, often causing significant price changes. With over $568 million worth of assets ready to unlock before October 6, the market could become more volatile.

The impact of these unlocks depends on current market conditions and investor sentiment, making this a key period for traders and long-term investors as DeFi projects adapt to their new circulating supplies.

A recent report from Token Unlocks highlighted the different ways token unlocks affect token prices. PENDLE saw a 4.2% unlock of its total supply but managed a 234% price surge, showing strong market confidence.

The post DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock appeared first on Coin Edition.

Read the article at CoinEdition

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Coins

$ 0.00...361

$ 0.000207

$ 0.000161


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In This News

Coins

$ 0.00...361

$ 0.000207

$ 0.000161


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JPMorgan Predicts Stablecoin Market Growth to $750 Billion

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Vitalik Buterin Sells KNC and STRAYDOG for $15,916 USDC

Vitalik Buterin Sells KNC and STRAYDOG for $15,916 USDC

Vitalik Buterin sold 29,500 KNC and 30,500,000 STRAYDOG tokens, converting them into ...

DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock


by CoinEdition

Share:

DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock
  • Token unlocks trigger varied price responses depending on market conditions and investor confidence.
  • PENDLE surged 234% post-unlock, showcasing strong demand despite supply increase.
  • ENA dropped 66.73% following a token unlock, highlighting unpredictable market reactions.

Token unlocks are changing the DeFi space by releasing tokens into circulation, often causing significant price changes. With over $568 million worth of assets ready to unlock before October 6, the market could become more volatile.

The impact of these unlocks depends on current market conditions and investor sentiment, making this a key period for traders and long-term investors as DeFi projects adapt to their new circulating supplies.

A recent report from Token Unlocks highlighted the different ways token unlocks affect token prices. PENDLE saw a 4.2% unlock of its total supply but managed a 234% price surge, showing strong market confidence.

The post DeFi Markets Brace for Volatility as $568 Million in Tokens Prepare to Unlock appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.00...361

$ 0.000207

$ 0.000161


Share:

In This News

Coins

$ 0.00...361

$ 0.000207

$ 0.000161


Share:

Read More

JPMorgan Predicts Stablecoin Market Growth to $750 Billion

JPMorgan Predicts Stablecoin Market Growth to $750 Billion

JPMorgan forecasts stablecoin market growth up to $750 billion by 2028. Read more...
Vitalik Buterin Sells KNC and STRAYDOG for $15,916 USDC

Vitalik Buterin Sells KNC and STRAYDOG for $15,916 USDC

Vitalik Buterin sold 29,500 KNC and 30,500,000 STRAYDOG tokens, converting them into ...