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On these 10 altcoin, things are heating up: Sales can go up!
Despite the fact that Bitcoin (BTC) surpassed $64K, the upcoming developments in some projects were confusing.
After a good start to the week, Bitcoin painted the altcoin market in the green. The altcoin, which has been in the fall trend in recent days, started its upward movement by finding strength from this move of the BTC. However, the recent developments of some projects bring with them the possibility of creating selling pressure in the pair. So what are these projects?
##1- Pendle (PENDLE)
Unlocking on May 8, PENDLE** will launch 39,370 tokens ($200,000). In PENDLE, which is shown as one of the popular coin of the last period, it aroused curiosity about the effect of the lock opening. The $5 band seems to be decisive for PENDLE.
2- GMX (GMX)
GMX, which has been quiet for a while, will go unlocking on May 9. With the launch of the 403 GMX ($10,420), no significant selling pressure is expected in the pair. GMX investors continue to keep a close eye on regular unlocks.
3- Euler (EUL)
Lesser-known than other projects, the EUL** will unlock 67,940 tokens ($387,920) on May 9. The EUL, which does not pose a selling threat due to its relatively small amount, does not seem to exhibit volatile price movements.
4- 1inch (1INCH)
Regularly unlocking, 1INCH** will launch 15,000 tokens ($5,820) on May 10. Although the amount of tokens to be unlocked is small, the fact that 1INCH periodically signs this development can cause uneasiness in its investors from time to time.
##5- Moonbeam (GLMR)
Moonbeam, which is set to market $3.04 million (GLMR 923,370) on May 11, has sparked fear among investors over a possible decline. The GLMR, which is below other projects in terms of market capitalization, may see selling pressure if it cannot support maintain the $0.30 band.
6- Aptos (APT)
APT, which could not give what was expected, shook the agenda with its lock opening. The circulation of 11.31 million APT ($103.15 million) on May 12 could start a selling trend in the pair. The fact that Aptos has not yet exhibited a successful ecosystem may increase the severity of a possible selling wave.
7- dYdX (DYDX)
Another regularly unlocked project, dYdX**, will unlock 2.12 million tokens ($4.58 million) on May 14. These tokens, which are a small amount compared to the market capitalization, may not create a big change in the pair. However, a possible pullback in BTC could hit DYDX and increase sell-side transactions.
##8- Starknet (STRK)
STRK, which crypto investors have distanced themselves from after the Airdrop disaster, will add 64 million tokens ($85.76 million) to the market on May 15. The STRK, which is struggling with selling pressure in normal times, may test even lower levels with this development.
##9- CyberConnect (CYBER)
CYBER, which took the industry by storm for a while, is now on the agenda with its unlocking. CyberConnect, which will unlock 886,120 CYBER ($7.66 million) on May 15, has left the investor base confused. In particular, the future price movements of CYBER, whose futures created a danger in the market, aroused curiosity.
10- Arbitrum (ARB)
Arbitrum, which is seen as one of the favorite projects of the Turkish crypto ecosystem, will launch 92.65 million ARB ($98.39 million) on May 16. The popular coin, which has frustrated its ecosystem and investors with its recent decline, is struggling critically in the $1 band. A downside break of this level could start a new wave of selling in ARB.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.