$1 Billion Worth of Cryptocurrencies to Be Unlocked This Week
This week will see several major unlocks, resulting in the release of digital assets worth over $1 billion into the crypto market.
A significant portion of the pressure comes from cliff unlocks, where a large number of tokens are released simultaneously. On Monday, February 2, the HYPE team released around 9.9 million tokens worth $305 million. This is the largest event of the week. The XDC project will unlock assets worth nearly $30 million, and BERA and ENA — $30 million each.
Several major altcoins will also be unlocked this week, ensuring a continuous flow of assets throughout the week. The RAIN project will release tokens worth nearly $91 million, while Solana — approximately $48 million. Other cryptocurrencies include CC with $34 million, TRUMP with $26 million, RIVER with $19 million, WLD with $15 million, and DOGE with $10 million.
In total, the value of digital assets to be unlocked over the next seven days exceeds $638 million, and including additional projects, this figure reaches $1.05 billion. This is indeed one of the largest unlocks in recent months.
In stronger markets, such supply is often absorbed. Under current conditions, even the sale of part of these cryptocurrencies could lead to price declines.
See also: "Bitcoin’s fluctuations from $74,500 to $79,000 have a simple explanation"
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