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The cryptocurrency market is poised for significant liquidity changes due to upcoming token unlocks. On August 29, 2024, several major tokens will release a substantial number of tokens into circulation. Specifically, $LIT will unlock 1.59 million tokens, while $PORTAL will unlock 24.6 million tokens, and $WLD will release 5.02 million tokens. Analysts note that such unlocks can lead to underperformance in token prices, particularly in the seven days surrounding the event. This phenomenon is observed when unlocks represent over 5% of the circulating supply, often resulting in counterintuitive market reactions. The market is closely monitoring these events as they could influence trading dynamics significantly.


