Avoid Trading Aitech, Apex, and MRS Next Week: Here's Why
Avoid Trading Aitech and Apex This Week
Cryptocurrency trading can be volatile, especially with impending token unlocks that may impact supply. In the coming week, traders should be wary of three specific cryptocurrencies.
Metars Genesis (MRS)
First on the list, Metars Genesis (MRS) will undergo a token unlock, releasing $15.60 million worth of 10 million MRS, impacting its supply and potentially diluting investor holdings.
ApeX (APEX)
Next, ApeX (APEX) is set to unlock 9.62 million APEX, equivalent to $14.34 million. This represents a notable 20% increase in circulating supply, raising concerns for investors.
Solidus Ai Tech (AITECH)
Lastly, Solidus Ai Tech (AITECH) will introduce 80.18 million tokens worth $8.08 million, translating to a 7.6% supply increase. Despite exciting prospects in AI, the risk posed by token unlocks cannot be overstated.
Understanding Market Risks
With significant liquidity and supply impacts looming, it's advisable for traders to steer clear of these cryptocurrencies in the short term. Nevertheless, the market remains full of other opportunities for investment and growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.