$BNB
Many major cryptocurrencies are set to witness large-scale token unlocks next week.
Data from Token Unlocks shows that many major cryptocurrencies, including Linea, Aptos, and Avalanche, will experience large-scale unlocks next week, which could lead to potential concentrated selling pressure in the short term market.
In particular, Linea will release approximately 2.88 billion tokens on November 10, worth around 34.4 million USD, representing 16.44% of the current circulating supply. This high rate of unlocks poses a significant risk to the stability of Linea's price. Although the unlock rates for APT and AVAX are lower, their released values are still high, reaching 33.4 million USD and 28.2 million USD respectively.
Large-scale token unlocks typically come from teams, investors, or investment funds. Given the current liquidity crunch in the market and a decline in risk appetite, any large-scale token issuance will be interpreted as a negative signal from the market. Therefore, traders are advised to manage the risks of these tokens rigorously or avoid holding them as the unlock dates approach.
