The altcoin market braces for a week of heightened activity as a large-scale unlocking of tokens, valued at a staggering $3 billion, is set to take place. This influx is anticipated to create significant pressure on supply and trigger increased market volatility.
What Are the Impacts of Token Unlocking?
Data from Tokenomist reveals that various projects, including ONDO Finance, will contribute to this significant unlocking. The total volume of tokens unlocked is poised to reach unprecedented levels, with ONDO accounting for a large share of this amount.
Will ONDO Experience Price Fluctuations?
A major portion of the unlocked tokens pertains to ONDO, which will see 1.94 billion tokens becoming available on January 18. This release is expected to elevate ONDO’s circulating supply by over 130%, likely intensifying market reactions.
Key insights include:
- Total token unlocks reach $3 billion this week.
- 1.94 billion ONDO tokens will enter circulation, valued at approximately $2.23 billion.
- ONDO’s current price of $1.14 reflects a 15% decrease since the start of January 2024.
- Market volatility is projected to rise significantly as these tokens are unlocked.
As the market navigates these developments, it remains to be seen how the increased supply will affect pricing dynamics. Observers are particularly focused on the potential for substantial price swings in the aftermath of these unlocks.
