Caution: Avoid ARB Coin (ARB) and These Two Cryptocurrencies This Week!

  • The cryptocurrency market is brimming with optimism, fueled by a convergence of technical indicators, increasing adoption, and regulatory developments. However, amidst the bullish sentiment, a shadow lurks in the form of upcoming token unlock events for three specific cryptocurrencies, including ARB coin. These unlocks could trigger significant sell-offs in the coming week, and investors are advised to tread cautiously.
  • Finbold analysts are advising to steer clear of three altcoins, including ARB coin, in the coming week, as they anticipate high volatility. The culprit behind this potential volatility is a massive token unlock event exceeding $1.4 billion, overshadowing the typical weekly cliff unlocks seen in the crypto space. Financial data provider TokenUnlocks.app provided crypto investors with this crucial risk management insight, driving upcoming market movements.
  • While concerns about these unlocks persist, the overall perception is bullish. Differences in various technical indicators for most cryptocurrencies signal positive opportunities for savvy investors. However, focusing on tokens experiencing significant emission can lead investors to face missed opportunities, requiring comprehensive analysis and strategic planning.

As the cryptocurrency market thrives, upcoming token unlocks for three specific cryptocurrencies, including ARB coin, could trigger significant sell-offs. Investors are advised to tread cautiously and strategically plan their investments.

Why should you steer clear of ARB coin, APT, and AEVO?

Finbold analysts are advising to steer clear of three altcoins, including ARB coin, in the coming week, as they anticipate high volatility. The culprit behind this potential volatility is a massive token unlock event exceeding $1.4 billion, overshadowing the typical weekly cliff unlocks seen in the crypto space. Financial data provider TokenUnlocks.app provided crypto investors with this crucial risk management insight, driving upcoming market movements.

Three cryptocurrencies to avoid

Here are the three cryptocurrencies that investors should avoid due to the upcoming token unlock events:

  • Aevo (AEVO): Be ready for a massive token unlock of 827.6 million AEVOs worth $1.02 billion on May 15. This represents one of the largest unlock transactions recorded to date, a staggering figure that is eight times the current circulating supply of 110 million tokens. The immediate result? Aevo’s project will witness a brutal inflation of 752.4% in a single day. Further worsening the situation, the project’s DAO treasury is planned to receive tokens worth $414 million, with $264.5 million allocated to the team and $212.75 million to the initial private sale investors.
  • Aptos (APT): While Aevo takes the inflation crown, Aptos is not far behind. Today, May 12, shows the unlock of 11.31 million APT tokens equivalent to $94.55 million, representing 2.6% of the total market value. Beneficiaries include the Aptos Foundation, community members, key contributors, and investors. This significant token flow could potentially trigger a price correction.
  • Arbitrum (ARB): Completing the list, Arbitrum is preparing for a supply inflation of 3.5% on May 16. The project will unlock tokens worth $92.44 million. The team, “future team,” and advisors will receive ARB worth a total of $56 million, while investors will gain access to the remaining $36.44 million.

Conclusion

While this information suggests a potential price drop next week due to token unlocks, it’s crucial to remember the unpredictability inherent in the cryptocurrency market. Positive price movements can occur even in adverse economic conditions. Therefore, the decision to avoid trading these cryptocurrencies should not be seen as a guaranteed loss but should be part of a comprehensive risk management strategy.

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Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
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