$340M Crypto Token Unlocks This Week: 3 Major Altcoins at Risk of Drop

Quick Summary:

According to the aggregate data platform Tokenomist, total token emissions this week could exceed $340 million, and early investors will get hold of their funds.

The major unlock will weigh down on NEON price, which has dropped over 90 percent in the past year to trade at about 37 cents on Monday, October 4.

Moreover, token unlocks provide a decent chance for early investors to take profit and potentially distribute to other projects.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: News Altcoins Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 07:10:11 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23390662

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Main Topics: Crypto

Official Website: coinpedia.org

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Headquarters: United States

News Last Updated: 8 hours ago

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