With certainty that the U.S. Federal Reserve will cut interest rates this week, crypto markets have begun to see bullish inflows ahead of the decision, which is expected on Sept. 17.
However, this market uptick may have some challenges, at least in the short term, as around $800 million worth of token unlocks are set to flood the markets over the next seven days.
This could place significant downward pressure on the market as recipients offload their tokens during the market highs.
According to Tokenomist, the following altcoins will be gradually releasing tokens onto the market over the coming week.
Leading this week’s linear unlocks is Solana (SOL), which will unlock 502.930 SOL worth $120.7 million, or 0.09% of its circulating supply.
Up next is Worldcoin (WLD) with a linear release of 37.23 million tokens worth $59.93 million.
The Official Trump (TRUMP) token will be releasing 4.89 million worth $41.72 million.
Other notable linear unlocks include:
As per Tokenomist data, roughly $410.5 million in cliff unlocks are set to take place over the next week.
Narrowly taking the top spot is Fasttoken (FTN), which will unlock 2.08% of its supply and drop 20 million tokens worth $89.6 million on Sept. 18.
Next up is Optimism (OP), which has a large release set for Sept. 21, in which it will drop 116 million OP worth roughly $88.4 million, unlocking 6.89% of its supply.
LayerZero (ZRO) is set to unlock 8.53% of its supply, 25.71 million ZRO worth $49.62 million, on Sept. 25.
Other notable cliff unlocks include:
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
You’re All Set!
Thanks for signing up. We’ll be in touch soon with the latest insights.
