Altcoins Drop Ahead of Massive Token Unlock Worth $650 Million  ….

Several Major Altcoins including DYDX, OP & SUI Experienced Significant Drop in price ahead of their Scheduled token unlocks, which will increase their supply & allow early investors to sell tokens..

According to Token.Unlocks Altcoins are facing almost $650 Million worth of supply increase this week,

Large Unlock events often leads to price decline due to the increased supply outpacing investor demand for the asset, 

The Coindesk  market index for the Broad Market is  1.5% declined currently…

From 27 November to 3 December Major Unlocks ..

$DYDX 83.7% of Circulating Supply- worth of $521.9m 

$SUI 7.88% of Circulating Supply- worth of $43.74 

$OP 2.74% of Circulating Supply- worth of $43.49m 

#1INCH 6.04% of CirculatingSupply- worth of  $35.32m