Bitcoin
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$66,997.00 0.67725
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Ethereum
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$3,511.38 0.75084
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BNB
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$593.95 0.4213
BNB price
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$173.03 2.47422
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$0.5928710 2.72168
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$0.0000180 1.62191
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$0.0000122 0.78348
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$0.0000307 -1.18802
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Bitcoin
Bitcoin (BTC)
$66,997.00 0.67725
Bitcoin price
Ethereum
Ethereum (ETH)
$3,511.38 0.75084
Ethereum price
BNB
BNB (BNB)
$593.95 0.4213
BNB price
Solana
Solana (SOL)
$173.03 2.47422
Solana price
XRP
XRP (XRP)
$0.5928710 2.72168
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 1.62191
Shiba Inu price
Pepe
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$0.0000122 0.78348
Pepe price
Bonk
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$0.0000307 -1.18802
Bonk price
Bitcoin
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$66,997.00 0.67725
Bitcoin price
Ethereum
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$3,511.38 0.75084
Ethereum price
BNB
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$593.95 0.4213
BNB price
Solana
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$173.03 2.47422
Solana price
XRP
XRP (XRP)
$0.5928710 2.72168
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 1.62191
Shiba Inu price
Pepe
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$0.0000122 0.78348
Pepe price
Bonk
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$0.0000307 -1.18802
Bonk price
Bitcoin
Bitcoin (BTC)
$66,997.00 0.67725
Bitcoin price
Ethereum
Ethereum (ETH)
$3,511.38 0.75084
Ethereum price
BNB
BNB (BNB)
$593.95 0.4213
BNB price
Solana
Solana (SOL)
$173.03 2.47422
Solana price
XRP
XRP (XRP)
$0.5928710 2.72168
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 1.62191
Shiba Inu price
Pepe
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$0.0000122 0.78348
Pepe price
Bonk
Bonk (BONK)
$0.0000307 -1.18802
Bonk price

10x Research: Crypto token unlocks could lead to market correction

10x-research-crypto-token-unlocks-could-lead-to-market-correction
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10x Research: Crypto token unlocks could lead to market correction

The current bull cycle of the crypto market may be shorter than previous ones and is unlikely to end with a big altcoin rally.

As 10x Research analysts reported, venture crypto funds, which will concentrate a significant share of coins in the future, maybe to blame.

“Despite the high daily trading volumes of over $100 billion and the rapid development and updates in crypto projects, significant constraints exist on the industry’s growth potential.”

10x Research analysts

According to analysts, large volumes of nearly $2 billion in token unlocks over the next 10 weeks could negatively impact altcoins.

TokenUnlocks data shows that the largest upcoming unlock will occur on May 15 from layer 2 crypto derivatives platform Aevo. The developers will release 828.93 million AEVO, equaling roughly $1.17 billion. Of the total supply of 1 billion coins, 18.5% will be sent to private investors.

A smaller unlock of $39.78 million in WLD tokens from Sam Altman’s Worldcoin project is scheduled for July 24. This will be 0.05% of the total supply of tokens or 2.4% of the current number of coins in circulation.

On May 12, Aptos will unlock 11.31 million APT, valued at $101.67 million, approximately 2.6% of the circulating supply.

In April, experts at 10x Research warned that the market was reaching a critical inflection point that could result in a major correction. The company called “unexpected and persistent” inflation the main trigger.

With fewer than three cuts forecast in the bond market and the 10-year Treasury yield above 4.5%, risk assets will likely see a price reset.