This Week, There Is a $1.32 Billion Unlocking in 17 Altcoins: Pay Attention to These 5! - Coin Bulletin

This week, unlocking worth more than 1.32 billion dollars will take place in the crypto market.

According to Tokenmist and other market data, significant amounts of tokens will be released in major projects such as SOL, WLD, TIA, DOGE, OM, TAO, AVAX, SUI, JTO, NEAR, DOT, IP, FIL, ENS, SEI, and BERA. These developments may create selling pressure in the relevant crypto assets in the short term.

Bulk token unlocks (3-10 March) Many projects will have bulk token unlock events this week:

• ENA (Ethena): A token worth 906.44 million dollars will be opened. 66.19% of the circulating supply.
• MOVE: A token worth $24.76 million will be opened. 2.08% of the circulating supply.
• BERA: A token worth 80.60 million dollars will be opened. 9.27% of the circulation supply.
• KAS (Kaspa): A token worth 13.79 million dollars will be issued. 0.63% of the circulating supply.
• NEON: Token worth 8.92 million dollars will be opened. %22.51 of the circulating supply.
• IOTA: Token worth $5.90 million will be opened. 0.65% of the circulating supply.

Gradual lock releases (3-10 March) Tokens unlocking this week may create downward pressure on prices by increasing circulating supplies:

• SOL (Solana): $79.93 million worth of tokens will be unlocked. 0.09% of the circulating supply.
• WLD (Worldcoin): Token worth 45.04 million dollars will be opened. 3.47% of the circulating supply.
• TIA (Celestia): A token worth 27.35 million dollars will be launched. 1.30% of the circulating supply.
• DOGE (Dogecoin): A token worth 21.93 million dollars will be opened. 0.07% of the circulating supply.
• OM: A token worth 20.12 million dollars will be opened. 0.27% of the circulating supply.
• TAO: $17.27 million worth of tokens will be unlocked. 0.60% of the circulating supply.
• AVAX (Avalanche): 16.97 million dollars worth of tokens will be opened. 0.17% of the circulating supply.
• SUI (Sui Network): 11.50 million dollars worth of tokens will be opened. 0.12% of the circulating supply.
• JTO: A token worth $11.18 million will be issued. 1.40% of the circulating supply.
• NEAR (Near Protocol): 10,05 million dollars worth of tokens will be issued. 0.25% of the circulating supply.
• DOT (Polkadot): $11.72 million worth of tokens will be opened. 0.15% of the circulating supply.
• IP: A token worth 14.68 million dollars will be opened. 0.90% of the circulating supply.
• FIL (Filecoin): 8.84 million dollars worth of tokens will be opened. 0.40% of the circulating supply.
• ENS: A token worth 7.11 million dollars will be opened. 0.93% of the circulating supply.
• SEI: A token worth 7.04 million dollars will be issued. 0.58% of the circulating supply.
• BERA: $8.07 million worth of tokens will be unlocked. 0.91% of the circulating supply.

The impact on altcoin prices Token unlocks of this magnitude can often create pressure on prices. Especially, unlocks that constitute a significant percentage of the circulating supply can increase the short-term downside risk in the relevant tokens.

In projects like ENA, WLD, and NEON, having more than 1% of the circulating supply released can be critical for investors. Especially high-volume token launches can lead to significant selling pressure and increase short-term market volatility.