This Week, Attention for 19 Altcoins: The Locks Are Opening!

The cryptocurrency market will witness intense altcoin unlockings this week. A total of 19 altcoins, worth millions of dollars, will be released to the market as their tokens are unlocked. This situation can have a significant impact on both prices and liquidity.

How much will altcoin projects be affected?

This week's altcoin calendar features several key developments. Some of the most important ones are as follows:

• Pyth Network (PYTH): The largest lock-up will take place in PYTH with a token worth 809.09 million dollars. This is equivalent to 141.65% of the market value and can create significant pressure on the price.

• GateToken (GT): Token unlocking worth $52.28 million will occur in GT. This corresponds to 7.15% of the market value and may lead to significant price fluctuations.

• Mintlayer (ML): Token worth $5.89 million will be unlocked in ML. This accounts for 26.19% of the market value and may result in significant price fluctuations.

• Forgotten Playland (FP): Token worth $3.84 million will be unlocked in FP. This is equivalent to 45.08% of the market value and can cause a significant drop in price.

• Avalanche (AVAX): On May 22nd, 9.54 million AVAX (worth $347 million) will be unlocked. This represents 2.49% of the circulating supply.

• Space ID (ID): On May 22, 18.4 million ID tokens (worth $13.7 million) will be unlocked. This represents 4.29% of the circulating supply.

• Algorand (ALGO): On May 22, 33.34 million ALGO (worth $6 million) will be unlocked. This corresponds to 0.33% of the circulating supply.

• Bonfida (FIDA): On May 23, 18.2 million FIDA tokens (worth 5 million dollars) will be unlocked. This represents 1.82% of the circulating supply.

• Coin98 (C98): On May 25th, 19.4 million C98 tokens (worth 6 million dollars) will be unlocked. This corresponds to 1.94% of the circulating supply.

• Polkadot (DOT): On May 26th, 401,000 DOT tokens (valued at $2.89 million) will be unlocked. This represents 0.08% of the circulating supply.

• Dogechain (DC): On May 26, 1.75 million DC (worth 1.75 million dollars) will be unlocked. This corresponds to 11.36% of the circulating supply.

• Nexo (NEXO): On May 20th, 16.5 million NEXO tokens (worth 11.7 million dollars) will be unlocked. This represents 1.93% of the circulating supply.

• Livepeer (LPT): On May 20, 1.5 million LPT tokens (worth 1.3 million dollars) will be unlocked. This corresponds to 1.83% of the circulating supply.

• Fetch.ai (FET): On May 21st, 125 million FET tokens (worth 1.5 million dollars) will be unlocked. This represents 1.05% of the circulating supply.

• dYdX (DYDX): On May 21, 11.3 million DYDX tokens (worth $4.5 million) will be unlocked. This represents 1.06% of the circulating supply.

• Covalent (CQT): On May 22nd, 1.83 million CQT (worth $1.3 million) will be unlocked. This corresponds to 1.42% of the circulating supply.

• Ribbon Finance (RBN): On May 24th, 17.39 million RBN tokens (valued at $6.9 million) will be unlocked. This represents 3.99% of the circulating supply.

• Mask Network (MASK): On May 24th, 2.07 million MASK tokens (worth $1.3 million) will be unlocked. This is equivalent to 0.67% of the circulating supply.

• H2O Dao (H2O): On May 25th, 1.72 million H2O tokens (worth 1.8 million dollars) will be unlocked. This represents 1.04% of the circulating supply.

What are the effects of unlocking?

Token unlockings can cause fluctuations in prices by affecting supply and demand. Especially large unlockings can lead to significant price drops. Unlockings can increase liquidity in the market with the entry of new tokens. This can make trading easier for investors. Unlockings can increase volatility by creating uncertainty in the market. It is important for investors to be cautious in this situation and prioritize risk management.

An Analyst Identified 4 Explosive Altcoins: Shattering the Peaks! It is important for investors who invest in altcoins that will be affected by key openings to follow these events and conduct the necessary analysis. Investors should be cautious of price fluctuations and increased volatility, and pay attention to risk management. Additionally, it should be noted that key openings may not necessarily affect the token's long-term value.

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