Altcoin Market Faces Volatility with $3B Token Unlock
- The token unlock schedule will release $3 billion worth of altcoins this week.
- Ondo Finance’s ONDO token accounts for a significant portion, with 1.94 billion ONDO worth $2.23 billion to be unlocked.
- This release exceeds 130% of ONDO’s circulating supply of approximately 1.4 billion tokens.
- ONDO’s daily trading volume has ranged between $250 million and $300 million recently.
- ONDO prices have fallen to $1.14, marking a nearly 15% decline month-to-date.
The upcoming token unlocks, including Ondo Finance’s substantial release, are expected to introduce volatility into the altcoin market as they significantly surpass current trading volumes and circulating supplies.
