Major Crypto Token Unlocks Don Hit $453M, Pressure Dey for SOL, DOGE & More
Dis week, token unlocks dey reach total $453 million for top projects dem, e dey add new supply enter market. ENS lead wit $213 million cliff unlock (~3% of circulating supply), follow by IMX wit $55 million. Daily linear distributions dey add almost $100 million of SOL, $32 million of WLD, $19.8 million of DOGE, $16 million of AVAX, $13 million of TIA and $10 million of SUI. Combine September unlocks reach $4.7 billion, wey keep volatility high. Big token unlocks dey usually make short-term volatility as supply pass demand. Traders suppose watch SOL golden cross and support around $180, plus DOGE breakout level at $0.23. These token unlocks fit affect assets wey get low liquidity. To monitor on-chain accumulation and technical indicators go help guide for possible price wahala.
Bearish
Di big token unlock dem worth $453M dis week—part of di $4.7B wey dem schedule for September—dey bring serious sell pressha. Normally, big cliff unlocks like ENS own 3% supply jump dey cause sales wen demand no fit balance di new supply. Linear distributions no dey cause so much wahala, but di joining release from SOL, DOGE and oda tokens dey keep liquidity tight. For short term, di supply fit pass buyers own interest, wey fit make price drop, especially for assets wey get low liquidity. Long term effect be say e go neutral or small bearish; market usually go absorb di scheduled unlocks over time, and strategic treasury buys like di one for SOL fit reduce di pressure. Traders suppose dey watch on-chain accumulation, technical levels (like SOL golden cross, DOGE $0.23), and market feelings to fit waka through possible volatility.