20+ Altcoins Anticipate Massive Token Unlocks This Week
2024-06-24
Recent developments in the Bitcoin and cryptocurrency markets saw heightened volatility following actions by the Federal Reserve (FED), leading to a week-ending decline in BTC prices. As the new week begins, significant token unlocks across various altcoins are anticipated, contributing to market uncertainties.
Key Takeaways
Many altcoins are scheduled to unlock large amounts of tokens in June 2024, which could impact market stability and investor sentiment.
These unlocking events represent substantial quantities of tokens across various cryptocurrencies.
Investors must monitor these unlocking dates closely to navigate potential market volatility effectively.
SuperRare (RARE)
Market Value: $78.64 million
Amount of Tokens to Unlock: $2.02 million (2.57% of market cap)
Date: 17 June 2024
Read more: How to Buy: SuperRare (RARE)
Oxygen (OXY)
Market Value: $1.66 million
Amount of Tokens to Unlock: $1.49 million (360.47% of market cap)
Date: 17 June 2024
ApeCoin (APE)
Market Value: $644.21 million
Amount of Tokens to Unlock: $16.60 million (2.58% of market cap)
Date: 17 June 2024
Read more: How to Buy: ApeCoin (APE)
Sabai Ecoverse (SABAI)
Market Value: $11.94 million
Amount of Tokens to Unlock: $3.30 million (27.68% of market cap)
Date: 18 June 2024
Ondo Finance (ONDO)
Market Value: $1.69 billion
Amount of Tokens to Unlock: $1.98 million (0.12% of market cap)
Date: 18 June 2024
Read more: How to Buy: Ondo Finance (ONDO)
Aurora (AURORA)
Market Value: $91.65 million
Amount of Tokens to Unlock: $1.35 million (1.47% of market cap)
Date: 19 June 2024
Numbers Protocol (NUM)
Market Value: $44.28 million
Amount of Tokens to Unlock: $1.03 million (2.33% of market cap)
Date: 19 June 2024
Read more: How to Buy: Numbers Protocol (NUM)
Pixels (PIXEL)
Market Value: $278.58 million
Amount of Tokens to Unlock: $19.86 million (7.13% of market cap)
Date: 19 June 2024
Read more: How to Buy: Pixels (PIXEL)
Land of Conquest (SLG)
Market Value: $22.52 million
Amount of Tokens to Unlock: $1.20 million (5.31% of market cap)
Date: 19 June 2024
Braintrust (BTRST)
Market Value: $129.22 million
Amount of Tokens to Unlock: $1.86 million (1.44% of market cap)
Date: 20 June 2024
Read more: How to Buy: Braintrust (BTRST)
DexCheck (DCK)
Market Value: $12.32 million
Amount of Tokens to Unlock: $1.52 million (12.37% of market cap)
Date: 20 June 2024
Read more: How to Buy: DexCheck (DCK)
bitsCrunch (BCUT)
Market Value: $6.91 million
Amount of Tokens to Unlock: $1.38 million (19.97% of market cap)
Date: 20 June 2024
Iron Fish (IRON)
Market Value: $40.92 million
Amount of Tokens to Unlock: $1.25 million (3.06% of market cap)
Date: 20 June 2024
Read more: How to Buy: Iron Fish (IRON)
XPLA (XPLA)
Market Value: $70.25 million
Amount of Tokens to Unlock: $7.29 million (10.38% of market cap)
Date: 21 June 2024
Mintlayer (ML)
Market Value: $12.09 million
Amount of Tokens to Unlock: $3.17 million (26.19% of market cap)
Date: 21 June 2024
Avalanche (AVAX)
Market Value: $11.72 billion
Amount of Tokens to Unlock: $284.54 million (2.43% of market cap)
Date: 21 June 2024
Read more: How to Buy: Avalanche (AVAX)
Forgotten Playland (FP)
Market Value: $7.93 million
Amount of Tokens to Unlock: $3.57 million (45.08% of market cap)
Date: 21 June 2024
Covalent (CQT)
Market Value: $145.27 million
Amount of Tokens to Unlock: $4.43 million (3.02% of market cap)
Date: 22 June 2024
Read more: How to Buy: Covalent (CQT)
SPACE ID (ID)
Market Value: $310.27 million
Amount of Tokens to Unlock: $44.02 million (14.21% of market cap)
Date: 22 June 2024
Read more: How to Buy: SPACE ID (ID)
Bonfida (FIDA)
Market Value: $45.70 million
Amount of Tokens to Unlock: $6.42 million (14.07% of market cap)
Date: 23 June 2024
Read more: How to Buy: Bonfida (FIDA)
Moonwell (WELL)
Market Value: $86.39 million
Amount of Tokens to Unlock: $4.01 million (4.69% of market cap)
Date: 23 June 2024
Coin98 (C98)
Market Value: $162.75 million
Amount of Tokens to Unlock: $4.10 million (2.52% of market cap)
Date: June 23, 2024
Read more: How to Buy: Coin98 (C98)
Chainflip (FLIP)
Market Value: $39.99 million
Amount of Tokens to Unlock: $2.69 million (6.76% of market cap)
Date: 23 June 2024
Investor Caution
Even though the altcoins journey has been exciting, remember that the crypto market can be volatile. Do your research, assess your risk tolerance, and consider the long-term potential of any investment.
Conclusion
Based on the token unlocking data from various cryptocurrencies, it’s evident that significant amounts of tokens are set to become available across different projects in June 2024. This could potentially impact market dynamics and investor sentiment as liquidity increases. Investors should closely monitor these unlocking dates as they may influence price movements and market stability in the near term. Understanding the implications of token unlocks is crucial for informed decision-making and navigating the cryptocurrency market effectively.
FAQ
What are token unlocks in cryptocurrencies?
Token unlocks refer to scheduled events where a certain amount of cryptocurrency tokens become available for trading or use. These events can impact market dynamics and investor sentiment as they influence token supply and liquidity.
How do token unlocks affect cryptocurrency prices?
Token unlocks can lead to increased volatility in cryptocurrency prices. When a large number of tokens are unlocked and introduced into the market, it may exert downward pressure on prices if demand does not match the increased supply.
Why is it important to monitor token unlocking dates?
Monitoring token unlocking dates is crucial for investors to anticipate potential market movements. By staying informed about when significant amounts of tokens will be released, investors can better assess risks and opportunities in the cryptocurrency market.
Disclaimer: The content of this article does not constitute financial or investment advice.
