The crypto market has to prepare itself for a huge dose of sell pressure with $2.6 billion worth of token unlocks scheduled next week. This influx of new tokens could worsen the current market downturn, especially for altcoins: Ondo (ONDO), Arbitrum (ARB), Starknet (STRK), Sei (SEI), ApeCoin (APE), Ethena (ENA), and Echelon Prime (PRIME).
According to Tokenomist on X, 134.21% of ONDO’s circulating supply (1.94 billion tokens) will be released on January 18th, just two days before Trump’s inauguration—an event that many view as a potential turning point for crypto in the United States.
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On January 16th, 2.20% of Arbitrum’s supply (92.65 million ARB tokens) worth $69.32 million will unlock. This follows the January 15th release of 12.86 million ENA tokens (0.42% of the supply) worth $11.98 million and 64 million STRK tokens (2.65%) valued at $27.55 million. Addi…
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