Crypto analyst IntoTheBlock has warned that future large token releases could have a negative impact on the performance of many altcoins.
TheBlock notes Bitcoin’s value is estimated at $25,000,000BTC( ) “unlocked” or mined each day – an amount that is easily absorbed by the crypto king’s large and liquid market.
Sam Altman’s The Other Side of the Coin is a good example. “proof-of-person” Project WorldcoinWLDStargate Finance, a platform for decentralized financing (DeFi), is available on the Internet.STGMantle) (layer-2), and the layer-3 blockchain Mantle.MNT, according to its data, has daily tokens unlocks that are relatively high percentages of the market cap.
IntoTheBlock warns that due to the number of tokens being issued every day, the performance of the WLD (Wild), STG (STG) and MNT (MNT) may be affected.
The chart below shows the linear unlock rates for each asset.
Daily, $24.9M in BTC are unlocked. This has a minimal impact on the market capitalization.
Stargate, Worldcoin and Mantle all have significant unlocks in relation to their market capital, which could lead to a dilution of the market capital.”
This chart shows upcoming token releases, which include a major unlocking of the cross-chain protocol Wormhole.WThis is equivalent to 33 percent of the total value of its market capitalization.
“The following chart shows upcoming token unlocks and what part of the supply will be unlocked.”
A more optimistic note is IntoTheBlock says The net flow of Chainlink’s oracle services (LINK( to crypto exchanges has been negatively for the past two weeks. In general, flows out of crypto-exchanges are bullish. They suggest that less supply is available to generate sell pressure.
Exchange netflows of LINK were negative in the past two week, and approximately $110,000,000 worth of LINK has been withdrawn.
“Such activity can be associated with an accumulation stage, indicating investors moving LINK away from the exchanges into long-term positions.”
LINK was trading at 13.77 dollars as of the time this article is written, an increase over 5% in one day.
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