October shaping up to be pivotal month for several cryptocurrencies, with over $174 million worth of tokens set to be unlocked
boost: A large unlock often injects liquidity into the market, making it easier for traders to buy and sell without significantly impacting the asset's price.
Price volatility: On the flip side, a sudden influx of tokens could lead to increased volatility, especially if investors rush to sell their newly unlocked assets. Investor sentiment: The market's reaction to these unlocks will largely depend on investor sentiment. If the general mood is bullish, the unlock could lead to a price surge. Conversely, a bearish sentiment could trigger a price drop.
Market manipulation: Large unlocks often attract the attention of"whales," who may attempt to manipulate the market by either hoarding tokens or dumping them.
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