Altcoin Market Set for $3 Billion Token Unlock with ONDO Leading
The altcoin market may experience significant volatility, particularly regarding the ONDO token. A total of $3 billion worth of altcoins, including ONDO, ARB, STRK, and SEI, are set for release this week, marking the largest unlock since November.
Key Points on ONDO Token Unlock
- Ondo Finance will unlock 1.94 billion ONDO tokens on January 18, valued at approximately $2.23 billion.
- This release exceeds the current circulating supply of 1.4 billion by over 130%.
- The unlock amount surpasses daily trading volume significantly, indicating increased market activity ahead.
- Token unlocks typically aim to stabilize markets by gradually increasing supply.
Market Expectations
- Research indicates that when a token's unlock exceeds average trading volume or supply, it often leads to increased market volatility.
- Currently, ONDO trades at $1.12, reflecting an 8.74% drop in one day and a 41.6% decline over the past month.
- ONDO has declined from an all-time high of $2.10 on December 16.