🚀Get ready, #crypto enthusiasts! Over $212M worth of tokens are unlocking this week, including DAO Maker (DAO), STEPN (GMT), Internet Computer (ICP), BitMEX (BMEX), Aptos (APT), and The Sandbox (SAND) 🎉 Will this create significant sell pressure? 🤔 Let's discuss!👇
🔓Token unlocks can amplify selling pressure on assets, influenced by the number of unlocked tokens & their influx into exchanges. Previous unlocks have shown declines amidst new tokens entering the market. 📉
📊All five assets have already experienced bearish pressure, with APT seeing an 8% decline over the past month, DAO down 5%, SAND down 4%, GMT down 3.7%, and BMEX down 2.4%. ICP had the smallest decline at 1%. 😬
💬What do you think will happen with these unlocks? Share your thoughts in the comments! #Web3 #DeFi #DAO #Layer2 #NFT