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$753 Million Week for 22 Altcoins: Here are the Details and Dates! - Coin Bulletin
This week, a total of 22 different altcoins in the crypto market will see an opening of locked tokens worth 753.79 million dollars.
According to data provided by Tokenomist, a large amount of tokens will be released in projects such as VENOM, ALT, SOL, WLD, TRUMP, TIA, DOGE, and AVAX. This situation may create short-term selling pressure on the related assets.
Mass Unlockings (21 April – 28 April)
The projects that stand out in the mass unlocking events taking place this week are as follows:
)# Gradual Unlocking (21 April – 28 April)
The tokens that will be gradually opened during the week are listed as follows:
(# How Will It Affect Prices?
Token unlocks generally create price pressure in projects that constitute a large part of the supply. This week, high amounts to be unlocked in tokens such as VENOM, ALT, SOL, WLD, TRUMP, TIA, DOGE, AVAX, SUI, and DOT may create short-term volatility. Investors are advised to be cautious in projects with a supply rate above 1%. While these unlocked tokens provide liquidity to the market, they may also pull prices down.