Weekly $653M Crypto Token Unlocks go enter Market from Aug 11–18
Plenti $653 million crypto token unlocks ready to enter market from August 11 to 18, go bring serious new supply. Big cliff unlocks na include Fasttoken (FTN) $91.6 million, Cheelee (CHEEL) $88.9 million, Aptos (APT) $53.7 million, Arbitrum (ARB) $43.9 million, Avalanche (AVAX) $40.2 million and Sei (SEI) $18.1 million. For linear unlock side, Solana (SOL) dey lead with 465,770 tokens per day (around $13.4 million).
Meme and governance tokens go still drop: Trump token (TRUMP) $45.9 million, Worldcoin (WLD) $40.5 million, Bittensor (TAO) $19.9 million, Dogecoin (DOGE) $22.1 million and LayerZero’s LAYER $17.4 million. These crypto token unlocks fit cause short-term selling pressure and altcoin wahala, wey fit give better chance to buy for dip. Traders suppose dey watch market supply and whale activity well well for strategic trading chance.
Bearish
Di $653 million crypto token unlock wave wey go happen from August 11 reach 18, e go sharply increase di circulating supply, especially for big projects like FTN, CHEEL, APT, and SOL. History don show say big token unlocks dey often come with price dip and increased selling pressure. For short term, traders fit expect more volatility plus possible resistance for recent rallies, wey mean di outlook go dey bearish. For long term, patient entry points fit show once di unlock selling calm down, but di initial market reaction likely go negative.