Source: Coinspeaker
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$464M Token Release Looms as Crypto Market Faces Downtrend

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1 min

Over $464 million in token supply is set to hit the crypto market in the next seven days, according to Tokenomist data. The market is currently experiencing a downtrend, having lost around $40 billion recently.

Key Token Unlocks This Week

  • SUI will release about $64 million worth of tokens.
  • Other significant one-time releases include SIGN, EIGEN, KMNO, JUP, OP, TREE, SAHARA, and ZORA.
  • Daily releases exceeding $1 million involve RAIN, Solana, RIVER, TRUMP, CC, WLD, DOGE, and AVAX.

Market Conditions

  • The AltSeason Index is at 29, indicating weak interest in altcoins.
  • Bitcoin dominance is forming a bear flag, suggesting potential for capital shift back into altcoins if it drops.

Undervalued Altcoins

  • Chainlink shows a -9.5% drawdown, Cardano at -7.9%, with Ethereum, XRP, and Bitcoin also undervalued.
  • A negative MVRV indicates holders are at a loss, reducing selling pressure and entry risk.

Original publication

Authors credited by the source: Hamza Tariq

Published by Holder based on an external source.