Refuse to take over, beware of unlocking behavior triggering a market crash🔥🔥
A study of the top 300 cryptocurrencies by market capitalization shows that more than 20% of these cryptocurrencies have not yet unlocked most of their tokens.
This finding is critical for investors and market analysts, considering its possible impact on market prices and investor sentiment.
Most new crypto projects will unlock a large supply.
The analysis excludes stablecoins and wrapped assets and focuses on the market capitalization to fully diluted valuation (FDV) ratio.
Low-circulation cryptocurrencies account for 21.3% of the top 300 currencies, indicating a large supply that is about to enter the market. These cryptocurrencies were all launched in 2023 or 2024 and represent newer projects in the market.
The trend is mainly seen in cryptocurrencies launched in the past four years. 54 of the 64 large cryptocurrencies with low circulation were launched during this period.
The emergence of these new projects indicates the dynamic expansion of the cryptocurrency field and marks the market changes that may be triggered when these tokens become available.
For example: On the 12th, Aptos will release 11.31 million APT tokens, worth nearly $100 million, accounting for 2.64% of its circulating supply.
In addition, on May 16, Arbitrum will unlock 92.65 million ARB tokens, worth more than $96 million, accounting for 3.49% of its circulating supply.
In addition, about $3.58 billion in tokens will be unlocked this month, involving various projects. Such a large amount of unlocked tokens shows how much impact they may have on the entire market, which may lead to more turbulence in the market.
Old cryptocurrencies generally have higher FDV ratios. Notable examples include Maker (MKR), Aave (AAVE), and Near Protocol (NEARUSD), which have ratios of 0.95, 0.93, and 0.90, respectively.
This shows that most of their potential supply is already in circulation, in stark contrast to the full dilution of less than half of newly launched cryptocurrencies
As mentioned earlier, I will gradually lay out potential coins when the market stabilizes and share them for free
Here, everything in the currency circle becomes simple
Parking spaces are limited, first come first served