The post Biggest Crypto Events This Week: Chainlink ETF, Mainnet Launches, and Major Token Unlocks appeared first on Coinpedia Fintech News
This week is going to be the busiest for the crypto market. From ETF expectations to new mainnets, token unlocks, and big announcements, a lot is happening at the same time.
With so many updates coming one after another, many tokens will see a short-term volatility in its. So make sure to keep a close eye on them.
Chainlink ETF Expected to Go Live
The biggest focus this week is the expected launch of the Grayscale Chainlink Spot ETF. Senior ETF analyst at Bloomberg, Eric Balchunas, confirmed that Grayscale is set to release the first-ever spot Chainlink ETF within the week.
Many traders believe this could bring strong interest from big investors, which will push the LINK coin price to $22.
Upcoming Mainnet Launches
- Next is Avail. The project is getting ready to launch the Avail Nexus Mainnet, a system that connects blockchains without traditional bridges. It aims to make cross-chain use safer and easier.
- Monad (MON) is gearing up for its mainnet launch tomorrow, which has been highly anticipated due to its high-performance Layer-1 design.
- Solv Protocol (SOLV) is launching on the Solana blockchain tomorrow, expanding its presence into one of the most active networks.
In addition to the mainnet launch, Huma Finance (HUMA) has started a short-term deposit offer where users can earn 14–20% APY on stablecoins, aiming to attract new liquidity to the platform.
Key Token Unlocks This Week
Over the next 7 days, several major token unlocks, each worth more than $5 million, are scheduled to take place.
Hyperliquid (HYPE) will have its first token unlocking on Nov. 29, releasing 9.9 million tokens worth about $318.9 million. Experts see this event as creating short-term price pressure on the HYPE token.
After the HYPE token unlocks, other coins like XPL, JUP, KMNO, OP, ZORA, H, and SAHARA will also unlock tokens this week.
Major Crypto Events & Announcements
- Arbitrum (ARB) – will host a large community event on November 26, where new updates may be revealed.
- MegaETH – is launching its Pre-Deposit Bridge on November 25, marking a key step in its ecosystem growth.
- Lido (LDO) – is expected to release Lido V3 this month, focusing on staking improvements.
Adding to the anticipation, Lighter, a Solana blockchain-based token & PancakeSwap (CAKE) have hinted at a big announcement coming this week.
Overall, it’s a packed week, and traders must keep an eye on these token announcements.
Source: https://coinpedia.org/news/biggest-crypto-events-this-week-chainlink-etf-mainnet-launches-and-major-token-unlocks/
