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Home»ALTCOIN NEWS»According to Token Unlock, $3.46 billion worth of cryptocurrency assets are set to hit the Altcoin market next month.
ALTCOIN NEWS

According to Token Unlock, $3.46 billion worth of cryptocurrency assets are set to hit the Altcoin market next month.

By Crypto FlexsOctober 1, 20242 Mins Read
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According to Token Unlock, .46 billion worth of cryptocurrency assets are set to hit the Altcoin market next month.
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Billions of dollars worth of cryptocurrency assets are expected to flood the market in October, according to new data from tokenomics insights firm Token Unlocks.

In a new thread on social media platform He said it was planned to happen. Solana (SOL).

“Uptober is right around the corner. Stay informed and not FOMO (fear of failure) driven.

With $3.46 billion worth of token unlocks scheduled for this month, it is important to watch the market closely. Major unlocks include $1.12 billion in TIA, $336.31 million in WLD, $360.8 million in SOL and $1.65 billion in other tokens.”

Source: Token Unlock/X

According to the company’s data, the biggest week for the cryptocurrency industry in terms of token unlocks for the remainder of the year will be between October 28 and November 3, when $1.854 billion worth of digital assets will be distributed to stakeholders.

Moreover, data shows that a whopping $2.518 billion worth of digital assets are scheduled to be unlocked during the month of November.

Token Unlocks warns investors to keep a close eye on how these new token distributions may impact the market.

“This significant influx of supply could have an impact on the market, so it is important to stay informed and adjust your strategy based on broader market dynamics.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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