Altcoins Ready for Token Unlock This Week

Jakarta, Pintu News – Crypto investors are currently on the lookout for several altcoins, such as Solana , Dogecoin , and Sui , that are expected to experience massive token unlocks. These token unlocks are expected to impact the value of the assets due to changes in the supply and demand mechanism.

This week, more than $625 million worth of tokens are set to enter the market, which may impact the price dynamics. Check out the full info below!

Token Unlock and Its Impact on the Market

The latest data from Tokenomist shows that more than $625 million worth of tokens will be released to the market in the next seven days. This includes both cliff unlocks and linear unlocks.

Unlocking all at once involves the risk of massive sales, as large volumes are released simultaneously, which can disrupt supply and demand dynamics.

Meanwhile, Solana (SOL), Wilder World , TrumpCoin (TRUMP), Tia (TIA), Dogecoin (DOGE), Tao (TAO), and Avalanche are facing gradual unlocks. Each of these projects is scheduled to release more than $1 million in tokens every day, adding pressure to their respective markets.

Are There Any Altcoins to Avoid This Week?

Given the large token unlock, traders are likely to be cautious to avoid sudden price drops. Solana (SOL) is facing significant pressure with a $67.61 million token unlock set to occur this week. Although it represents only 0.09% of SOL’s circulating supply, extensive holdings could still trigger massive selling.

Dogecoin (DOGE), often referred to as the leading meme coin, will also face a $17.09 million unlock this week. Although smaller in percentage, an unexpected sale could easily destabilize this highly sentiment-driven price.

Also read: 3 Altcoins that will Outperform Bitcoin by May 2025!

Price Analysis and Investor Strategies

Despite the pressure from unlock tokens, the prices of some cryptos such as Solana (SOL) and Dogecoin (DOGE) showed gains. SOL rose over 2.5% to $151 from its previous 24-hour low of $144.89. Meanwhile, the price of DOGE also rose by about 0.7% to $0.1807, although its trading volume decreased by 12% to $1.08 billion.

Investors are advised to do their due diligence before placing their bets this week. With massive token unlocks, it is likely that traders will avoid these altcoins, potentially creating bearish pressure on the asset.

Conclusion and Whale’s Role

Although the cryptocurrency market is currently in the green, driven by renewed investor confidence, investors should remain cautious. This massive token unlock suggests that traders may be avoiding these top altcoins.

Additionally, whale movements play a crucial role in the next few days. Last week, a whale placed its bet on 3 coins, resulting in a massive price spike. This reflects how these large investors influence broader market sentiment.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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