ICYMI: Convex liquidity declines amid imminent $126 million token unlock
This unlocking process is happening amid limited liquidity for swapping CVX to ether .
But come June 30, about 27.4 million CVX coins worth over $126 million will be unlocked, according toThese unlocked tokens are the first of 16 unlocks for vote-locked CVX tokens that will happen once a week from June 30. In total, 52.2 million CVX tokens will be unlocked. It is not a given that this unlocking process will lead to further selling pressure for CVX. At its current price of $4.82, Convex is down more than 90% of its all-time high of $60 achieved in January. As such, holders may choose to re-lock their coins and keep their Curve voting power.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut: