Finbold encountered three cryptocurrencies to avoid trading in the first week of May due to significant token unlocks.
Unlocking cryptocurrency assets often creates sell-off pressures that can drastically impact its price and investment results. Savvy traders and investors actively consider supply and demand dynamics to make profitable decisions and manage risks.
In particular, data from TokenUnlocksApp shows $417.68 million in potential sell-offs for the next seven days from April 27. The top 3 highest unlocks will happen from April 29 to May 3, releasing $271.26 million worth of tokens.
Cliff unlocks the next seven days. Source: TokenUnlocks.App
Avoid trading Memecoin (MEME)
First, Memecoin (MEME) stands out with a staggering $144.64 million worth of 5.318 billion MEME. The team will unlock these tokens on May 3, inflating the circulating supply by 32%, which may cause a crash.
From the total, 3.45 billion MEME will be released via airdrop for an imminent sell-off of $93
We współpracy z: https://finbold.com/3-cryptocurrencies-to-avoid-trading-in-mays-first-week/
