This week, tokens such as ENA, MEME, and MOVE will undergo large unlocks.
Jinse Finance reported, according to Token Unlocks data, that several tokens will undergo significant unlock events this week. Among them: Ethena (ENA) will unlock approximately 172 million tokens at 3:00 PM (UTC+8) on November 5th, with a ratio of 2.52% to the current circulating supply, valued at about $67.1 million; Memecoin (MEME) will unlock approximately 3.45 billion tokens at 3:30 PM (UTC+8) on November 3rd, with a ratio of 5.98% to the current circulating supply, valued at about $5.4 million; Movement (MOVE) will unlock 50 million tokens at 8:00 PM (UTC+8) on November 9th, with a ratio of 1.82% to the current circulating supply, valued at about $3.43 million; BounceBit (BB) will unlock approximately 29.93 million tokens at 8:00 AM (UTC+8) on November 9th, with a ratio of 3.85% to the current circulating supply, valued at about $3.3 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.
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