Cardano (ADA) - 18.53MM Token Unlock - 06 Nov 2024

Cardano plans to unlock 18.53 million ADA tokens on November 6, 2024. This release is about 0.05% of Cardano's circulating supply and could impact ADA's market price. An increased supply often puts downward pressure on the price, especially if current demand doesn't absorb the new tokens swiftly. However, long-term effects depend on how the market perceives this increase. Traders should watch for any immediate price reactions following this token unlock. Further details can be found at Tokenomist.