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Altcoin Rally Cools as Massive $650M Worth of Token Unlocks Loom Over Crypto Market

Large unlocking events usually lead to price declines as the increase in supply outpaces investor demand for the asset, The Tie reported earlier this year.

Updated Mar 8, 2024, 5:40 p.m. Published Nov 27, 2023, 10:07 p.m.
Optimism price on Nov. 27 (CoinDesk)
Optimism price on Nov. 27 (CoinDesk)