The crypto market is set to witness over $173 million worth of token unlocks next week featuring Arbitrum (ARB), Optimism (OP), Starkware (STRK) and others.
ARB, OP, WLD, and STRK are among tokens set for a combined $173.56million unlock event next week. The unlocking of ARB, WLD and STRK tokens may spark further retracement in their prices, which are currently on a downtrend. ENA and 1INCH will undergo another unlock event following recent hikes in their supply. The crypto market is set to witness over$173million worth of token unlocks next week featuring Arbitrum , Optimism , Starkware and others.
Token unlocks are events where a cryptocurrency project releases new tokens into circulation. These events increase the token's supply and often cause a decline in its price. ARB, WLD and STRK tokens will witness the largest unlocks next week, with $64.31 million, $39.79 million and $35.36 million worth of their tokens being unlocked, respectively. The impact of the unlock may stir further price declines for these tokens which are currently on a downtrend.
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