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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
For holders of the digital money HUMA, EDU, and SOPH, special attention is needed in the near future. These crypto assets are about to face token unlocks, which may have a certain impact on the market.
HUMA will unlock approximately 333 million Tokens, accounting for 3.3% of its maximum supply. This number should not be underestimated, and investors should closely monitor its potential impact on the market.
Similarly, EDU will also see an unlocking, with approximately 21 million Tokens about to enter circulation, accounting for 2.1% of its maximum supply. Although the proportion is relatively small, it may still trigger market volatility.
The situation with SOPH is somewhat complex. In addition to the regular daily unlock of about 825,000 coins (which accounts for 0.01% of the maximum supply), approximately 336 million Tokens will be unlocked at once on August 28, accounting for 3.36% of its maximum supply. This large-scale unlocking may bring greater uncertainty to the market.
For investors holding these digital money assets, it is advisable to closely monitor market trends and manage risks effectively. Large unlocks may lead to an increase in supply in the short term, which could affect coin prices. However, this may also provide new entry opportunities for long-term investors.
In any case, staying vigilant and analyzing rationally in the Crypto Assets market is always a wise choice. Investors should make prudent decisions based on their own risk tolerance and investment strategy.