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Billion Dollar Week for Cryptocurrencies: There Are 28 Altcoins on the List! - Coin Bulletin
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This week, a total of approximately 940 million dollars worth of token unlocks will take place for 28 different altcoins in the crypto market.
According to data provided by Tokenomist, projects such as CONX, FTN, APT, ARB, AVAX, and ZKJ are among those where a large amount of tokens will be released. These developments may create short-term selling pressure on the relevant assets.
Mass Unlocks (12 May – 19 May)
The prominent projects in the collective unlocking events taking place this week are as follows:
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(# Gradual Unlocking )12 May – 19 May(
The tokens that will be gradually opened during the week are listed as follows:
)# How Will It Affect Prices?
Token unlocks often create price pressure in projects that make up a large portion of the supply. This week, significant amounts of tokens such as STRK, MELANIA, BB, CYBER, and XCN are set to be released, which could create short-term volatility. Investors are advised to be cautious in projects with a supply ratio above 1%. While these unlocked tokens provide liquidity to the market, they could also drive prices down.