Supply Spike Threatens Threesomes
This is a news story, published by CoinGape, that relates primarily to SPX news.
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altcoinsCoinGape
•Top 3 Crypto to Sell Before This Monday | CoinGape
60% Informative
Three altcoins have witnessed a high supply spike this week , putting them at risk of sell-off.
According to Sentiment report, SPX , LDO , and WLD had more than $1M in unlocks, which raised liquidity concerns.
The ongoing week will witness billions worth of tokens entering the market with unlocks and transfers.
This will create the worst scenario for a holder who is carrying those tokens already, as the supply spike usually generates massive selling pressure, resulting in crypto price crashes.
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