altcoin marketIt looks like this week will be quite active. Because 3 billion worth of tokens will be unlocked in various altcoin projects. Token lock openings can increase supply pressure in the market, causing high volatility.
Token Unlocking for ONDO Will Greatly Increase Supply
According to Tokenomist data ONDO Finance The tokens that will be unlocked in many projects, including, will reach a total volume of 3 billion. Thus, the highest weekly token lock opening seen since November 2024 will be reached.
Ondo Finance’s ONDO token has a significant share in this total. 1.94 billion units on January 18 ONDO The token will be unlocked. The total value of the tokens to be unlocked is calculated as 2.23 billion. The amount to be unlocked corresponds to more than 130 percent of ONDO’s current circulating supply. It should be noted that this token unlocking means a huge supply increase compared to the daily average transaction volume of 250-300 million.
For those who do not know, token lock openings are made to prevent early investors and the project team from suddenly launching the token. However, lock openings such as ONDO, which correspond to more than 100 percent of the circulating supply or daily volume, can cause significant price fluctuations in the markets. From research companies The TieAccording to data from , high volatility is likely to occur before and after these major token unlocks.
After ONDO ARBThere is also a loaded token unlock. Accordingly, 92.65 million ARBs worth $69.32 million will be unlocked. During the week as in ONDO and ARB EIGEN, STRK, ENA, SEI, PRIME, APE, CLOUD And PIXELThere will also be token unlockings.
ONDO’s Price Falls Sharply
ONDO token is trading at $1.14 as of the time the news was prepared. The price is currently at its lowest level since December 2, 2024. The token lost 5 percent of its value during the day and approximately 15 percent since the beginning of the month. TradingView data shows that the price of the altcoin has been in a continuous downward trend since the peak of $2.10 reached on December 16, 2024.
How the tokens to be unlocked will affect the market balance of altcoins is closely followed by investors. The impact of the increase in supply on prices will become clear in the coming days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
