Two second-layer Ethereum tokens to avoid amid massive unlocks
The Ethereum (ETH) ecosystem comprises dozens of second-layer blockchains (L2s), each regularly unlocking millions of dollars of their native tokens. These massive unlocks create significant selling pressure, potentially leading to price loss over time as private investors dump on retail. This week, two popular Ethereum L2s will unlock nearly $100 million worth of tokens, according to retrieved data from TokenUnlocksApp . In particular, Arbitrum (ARB) and Starknet (STRK) will be responsible for $74.69 million of the $116.86 million released from 13 cryptocurrencies in the seven days starting September 14. These events will represent a circulating supply inflation of 2.7% and 3.6% for ARB and STRK, respectively. Picks for you Gold or Bitcoin? Robert Kiyosaki puts an end to the debate 1 hour ago ...