The crypto ecosystem will experience a sell-off in multiple crypto tokens due to token unlocking. Investors will unlock a total of $208.53 million worth of tokens in the next 7 days. Let’s explore these tokens and what we can expect from the market.
Major Token Unlocks on the Horizon
Drops Tab data reveals that 26 tokens will unlock in the upcoming seven days. Let’s see which ones are at the top.
Near Protocol
Near Protocol. This is because the unlock is in the next 5 hours. This token is currently trading at $6.34 and has a market cap of $7 billion. Currently, 94.70% of the total supply is in circulation. In the next 5 hours, the vesting will release 254,683 Near tokens. Near Protocol will systematically unlock these tokens over a 48-month vesting period. Investors have already received 88.55% of the total locked tokens. This unlock will release another 0.03% of the supply into the market. 11.45% of the total market cap of this…
