This week, significant token unlocks are set to impact the cryptocurrency market. On January 21, PLUME will release 1.37 billion tokens, valued at approximately $26 million, representing 39.75% of its total supply. This event poses a high risk as nearly 40% of the supply will be available to investors, potentially leading to extreme volatility.
On January 26, BGB will unlock 140 million tokens, worth around $500 million, accounting for 20% of its supply. These tokens are allocated for team and marketing purposes, with active token burns in place to mitigate impact. Additionally, continuous linear unlocks for SOL and WLD are expected, valued at approximately $66 million and $22 million, respectively.
January is shaping up to be a liquidity stress test month, with over $5.5 billion in token unlocks. The market's consolidation phase increases sensitivity to these events. Projects like PLUME and BGB are under scrutiny for potential sell pressure, with PLUME facing the highest volatility risk. Investors are advised to monitor exchange flows and consider risk reduction strategies ahead of these unlocks.
Major Token Unlocks This Week: PLUME and BGB in Focus
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
