A TOTAL OF $443 MILLION IN TOKEN UNLOCKINGS IS HAPPENING THIS WEEK IN 21 ALTCOINS
In the cryptocurrency market, a total of $443.24 million worth of token unlockings for 21 different altcoins is expected this week. These unlockings, which will take place between June 16-23, may increase selling pressure in the relevant projects in the short term.
According to the data shared by Tokenomist, the amount of tokens to be unlocked in some projects will have a serious impact on the supply.
Bulk Unlockings (June 16–23)
Below are the highlighted projects where a large amount of token unlocking will occur this week and their details:
FTN: $88.80 million (Unlocking supply: 2.22%)
ZK: $38.24 million (20.91%)
ARB: $30.79 million (2.19%)
S: $15.96 million (1.63%)
ID: $12.03 million (6.89%)
APE: $10.52 million (1.81%)
MELANIA: $7.00 million (6.73%)
LISTA: $6.98 million (8.90%)
ZKJ: $5.46 million (5.04%)
The high rate of unlockings in these projects may cause price fluctuations in the short term.
Gradual Unlockings (June 16–23)
Other projects that will gradually unlock their tokens throughout the week are as follows:
SOL: $72.57 million (0.09% of the supply)
WLD: $36.78 million (2.69%)
TAO: $18.81 million (0.57%)
DOGE: $16.93 million (0.06%)
AVAX: $13.56 million (0.17%)
TIA: $12.32 million (1.03%)
SUI: $10.28 million (0.10%)
MORPHO: $9.95 million (2.26%)
ETHFI: $9.14 million (3.53%)
DOT: $8.86 million (0.15%)
IP: $8.42 million (0.80%)
JTO: $9.84 million (1.29%)
Since the unlockings in these projects will occur more widely, the price effects may be more limited compared to bulk unlockings.
Possible Effects on Prices
Especially in projects with high unlocking rates such as ZK (20.91%), LISTA (8.90%) and ETHFI (3.53%), there may be short-term selling pressure due to the new supply entering the market. Investors are advised to be cautious of price volatility in projects with token unlockings above 1%.
These developments present both risks and opportunities for investors; therefore, closely monitoring the unlocking schedules is of great importance.
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