#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The market is preparing for a series of significant Token unlocks: EIGEN, IOTA, VENOM, OP, and SUI to enter circulation.
Gate News, the Crypto Assets market is preparing to welcome a series of significant Token unlocks in the coming days and weeks, events that often bring Fluctuation to asset prices. Token unlocks refer to the planned release of previously restricted encryption Token into circulation, usually from allocations designated for the team, early investors, or project development. While these events are part of the project's long-term exercise plan, the new unlocked Tokens gaining Liquidity may lead to increased dumping pressure.
Investors and traders are closely monitoring these unlocking plans as they may affect market dynamics. A large influx of Tokens, especially if issued to entities looking to realize profits or cover operational costs, could dilute market supply and put downward pressure on prices.
According to recent data, several well-known projects are about to be unlocked:
· EIGEN will release $1.33 million (0.42% of its circulating supply) within the next day and a half.
· IOTA will unlock $2.25 million (0.39%) within a similar time frame.
· More important unlocks include VENOM, which will release 10 million USD (2.84%) in about two days.
· In addition, Optimism (OP) updated the unlocked amount to $15.51 million (1.79%) in about six days.
· A particularly noteworthy unlock is SUI, with approximately $110.43 million (1.30%) entering circulation in about seven days.
· Other projects such as MOCA ($157,700, 0.08%), FET ($1,850,000, 0.12%), TRIBL ($34,980, 9.17%), DYDX ($1,850,000, 0.53%), ENA ($9,870,000, 0.67%) and 1INCH ($5,430,000, <0.01%) are also scheduled for release.
The percentage of release relative to the current circulating supply is crucial for assessing potential impact.
Although a smaller percentage of unlocking may have a minor impact, a larger percentage of unlocking, especially for low liquidity tokens, may lead to more significant price fluctuations. As the market remains sensitive to various macroeconomic and geopolitical factors, monitoring these scheduled token unlocks has become an important component of a wise trading strategy.