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The European Ethereum Conference (EthCC) opens.
Held in Cannes, France from June 30 to July 3.
The large-scale token unlocking wave has started.
-Today unlocked:
- Optimism (OP): 31.34 million tokens (approximately 17.4 million USD).
Kamino (KMNO): 229 million coins (approximately $13.8 million, accounting for 10.44% of the circulating supply).
Across Protocol (ACX): 100 million (approximately 13.5 million USD).
Tomorrow (July 1): Sui (SUI) will unlock 44 million tokens (approximately $122.8 million), making it the largest unlock of the week.
The overall market sentiment is sluggish.
Mainstream altcoins (such as SOL, ADA, DOGE) continue to decline, with a drop of double digits over the past week, as trading volume shrinks and macro uncertainties intensify selling pressure.
Bitcoin capital flows are diverging: BN reserves decreased by 12,000 BTC, OK saw a net inflow of 8,900 BTC; American users are turning to cold wallet storage, while trading volume in Asia has slightly increased.
Pay attention to the unlocked tokens, especially SUI and OP, and avoid short-term trading.