Tokens with a market value of nearly US$2.6 billion will be unlocked, and ONDO will unlock a large number of 134% of the circulating supply of tokens
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According to Tokenomist data, in the week of 1/13 to 1/19, a total of $2.6 billion worth of cryptocurrencies will be unlocked, with the leading Token ONDO, a RWA-themed project, accounting for about $2.4 billion in Token value, attracting particular attention.
The week of 1/13 to 1/19 is a week with a relatively large Token unlocking volume since the end of 2024.
Ondo Finance will unlock 1.94 billion ONDO Tokens on 1/18, with a total value of about $2.4 billion, which is more than 130% of its current circulating supply (1.4 billion).
The amount of ONDO unlocked this time greatly exceeds the current circulating Token and the daily average trading volume of $2.5-3 billion. Such a large-scale unlocking may be accompanied by strong selling pressure. The price of ONDO, which reached $2 in December last year, has been declining and is currently at $1.2, a 40% drop in the past 30 days.
In addition to ONDO, the unlocking plan this week also includes ARB, STRK, SEI and other major Tokens. Compared to the proportion of the total circulation of other unlocked Tokens this week, ONDO's proportion is obviously extremely exaggerated.
Risk warning: Cryptocurrency investment is highly risky, and its price may fluctuate violently, and you may lose all your principal. Please carefully evaluate the risks.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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