🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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Billion Dollar Week in Cryptocurrencies: Attention, 29 Altcoins Will Be Affected! - Coin Bulletin
This week, a total of 29 different altcoins will have a locked token opening worth 915.27 million dollars in the crypto market.
According to data provided by Tokenomist, a large amount of tokens will be released in projects such as TRUMP, SOL, STRK, XCN, SEI, PRIME, IOTA and EIGEN. This can create short-term selling pressure in related assets.
Bulk Unlocking ( April 14 – April 21 )
The prominent projects in the mass unlocks happening this week are as follows:
(# Gradual Unlocking ) April 14 – April 21 (
During the week, the notable projects among the tokens that were gradually opened are listed as follows:
)# How Will It Affect Prices?
Token unlocks generally create price pressure in projects that constitute a large part of the supply. This week, the high amounts that will be unlocked in tokens such as TRUMP, STRK, ARB, WLD, PRIME, IOTA, XCN, and SEI may create short-term volatility.
It is recommended that investors be particularly careful with projects that have a supply rate above 1%. These tokens, when launched, can provide liquidity to the market while also pulling prices down.