Ethereum exit queue hits record $5B ETH, raising sell pressure concerns
A significant portion of the almost $5 billion ETH awaiting withdrawal may be sold to lock in profits, considering Ether’s 72% climb over the past three months
A significant portion of the almost $5 billion ETH awaiting withdrawal may be sold to lock in profits, considering Ether’s 72% climb over the past three months
Next week, two crypto projects will undergo token unlocks, releasing a total value of approximately $260 million. On September 1, approximately 44.42 million SUI (around $150 million) will be unlocked, accounting for 0.444% of the total supply; On September 2, approximately 170 million ENA (around $120 million) will be unlocked, accounting for 1.146% of the total supply.
The token slips from $3.02 to $2.89 in the August 28–29 window on above-average volumes before recovering toward $2.83–$2.89 support zones. Oversold signals and whale accumulation offset persistent selling pressure
OKX-OKB/USDT is currently trading at $180.13, with a 5-minute increase of 0.18%. Please be aware of market fluctuations.
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