Crypto’s Biggest Drama: $369M Unlocks Threaten TAIKO and NEON – Will They Survive?

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Crypto’s Biggest Drama: $369M Unlocks Threaten TAIKO and NEON – Will They Survive?

Hold onto your digital hats, folks! This week, over $369 million worth of tokens are about to be unleashed into the wild like a herd of caffeinated bulls. TAIKO and NEON are the main stars of this chaos—facing 71% and 6.5% of their supply, respectively, ready to hit the market faster than you can say “dump”. 🤯

According to the soothsayers at Tokenomist, from June 2 to June 9, brave little coins like Taiko (TAIKO), Ethena (ENA), and Neon (NEON) are staring down the barrel of massive cliff unlocks—potential price assassins lurking just around the corner. TAIKO, our dear divide-and-conquer friend, plans to unload 81.55 million tokens—more than half its supply—valued at nearly $50 million. Meanwhile, NEON’s big day: 53.19 million tokens, or 6.48% of its supply, worth about $7 million. No big deal, right? Just a casual economy-shattering event. 💥

Will TAIKO’s Cliff Unlock Send its Price Back to the Dark Ages?

TAIKO is staring down the biggest cliffhanger of the week. After trying to do a little dance in April and May—making higher highs, breaking above EMA 20—things went south faster than your Wi-Fi during a storm.

The price dipped below $0.70, fell back to $0.55, and dropped below EMA 20 again. RSI? At 34, chilling below its own moving average—like a mopey teenager in a bad mood. Pretty obvious: the momentum’s wobbling. And with the upcoming unlock, our beloved TAIKO risks plunging below its all-time low of $0.48. The May 31, 16% crash? Probably just foreplay. Buckle up, folks, this might get uglier. 😬

Can NEON’s Unlock Push it Back to $0.10? Spoiler: Probably.

NEON’s been acting all tough—breaking below EMA 20 after a brief thrill in mid-May, where it spiked like it had too much coffee. But then, reality hit. Rejections at $0.13–$0.15 range, declining volume, and sellers sharpening their knives. 🤡

RSI? At 42 and sliding, it’s clear NEON’s got its eye on the prize—much lower levels. If the unlock goes south, watch it retest $0.11—and if that fails, say hello to $0.095, the cozy little basement where all good crashes begin. Meanwhile, ENA (Ethena) is doing its thing—unlocking $65.86 million worth, but that’s just 3.72% of its supply, so hardly a blip in the grand scheme.

And let’s not forget the other brace of tokens—Solana, WLD, MORPHO, ETHFI—all lining up to share the party as their supplies get unlocked, making this week a ‘careful with what you wish for’ scenario. 🎉

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2025-06-02 13:25