In the cryptocurrency market, investors closely follow token unlock events. According to the Token Unlocks platform, $272.25 million worth of tokens will be unlocked next week. Tomorrow, the token unlock events for the popular altcoin projects SUI, ZETA, and DYDX are of great significance.
Token Unlock Events Could Make Headlines Tomorrow
According to data on the Token Unlocks platform, $272.25 million worth of tokens will be unlocked in the cryptocurrency market next week, and tomorrow, the token unlock events for the three important altcoin projects SUI, ZETA, and DYDX will take place.
Tomorrow (August 1) at 03:00 AM, the DYDX token unlock event will take place, with the amount of tokens representing 3.65% of the total DYDX token supply. As investors eagerly await the event, DYDX was trading at $1.25 at the time of writing, and the event’s value is $10.42 million.
The popular Layer-1 project SUI will also hold its token unlock event tomorrow at 03:00 AM. In this event, 2.56% of the total token supply will be released into the market, with a total value of $45.98 million. At the time of writing, SUI was trading at $0.71.
Lastly, another popular Layer-1 project, ZETA, will have its token unlock event tomorrow at 03:00 AM. The event’s total value is $30.27 million, and 18.92% of the total token supply will be released into the market. At the time of writing, ZETA was trading at $0.56, making this event highly significant for ZETA.
SUI, ZETA, and DYDX Chart Analysis
Recently facing significant selling pressure, DYDX’s $1.21 support level is crucial. A daily bar close below this support level could increase selling pressure. Additionally, a daily bar close above the $1.47 resistance level could give DYDX’s price momentum.
SUI continues to consolidate in a significant area following recent selling pressure. During this period, the $0.71 support level is crucial. A daily bar close below this level could increase selling pressure. Investors should particularly watch the $0.89 resistance level.
In the ZETA chart, the all-time low highlights significant selling pressure. For ZETA, the daily chart needs to first surpass the $0.57 level and then achieve a daily bar close above the $0.78 level.
