$595 Million Week in Cryptocurrencies: 29 Altcoins Will Be Affected! - Coin Newsletter

This week, a total of $595.48 million worth of locked tokens will be opened for 29 altcoins in the crypto market.

According to Tokenmist and other market data, significant amounts of tokens will be released in major projects such as Apecoin (APE), Ethena (ENA), Melania (MELANIA), and Eigenlayer (EIGEN). These developments may create selling pressure in the relevant crypto assets in the short term.

Bulk Unlocks (17-24 Mart)

Mass token unlocking will take place on many projects this week:

• FTN: $79.80 million worth of tokens will be unlocked. 4.65% of the circulating supply.
• QAI: $41.64 million worth of tokens will be unlocked. OM: $34.30 million worth of tokens will be unlocked. 0.51% of the circulating supply.
• ZKJ: $31.83 million worth of tokens will be unlocked. 25.72% of the circulating supply. *ID: $19.15 million worth of tokens will be unlocked. 18.23% of the circulating supply.
• MELANIA: $19.54 million worth of tokens will be unlocked.
• IMX: $13.59 million worth of tokens will be unlocked. 1.39% of the circulating supply.
• APE: $8.15 million worth of tokens will be unlocked. 1.95% of the circulating supply.
• MURA: $7.10 million worth of tokens will be unlocked.
• EIGEN: $1.48 million worth of tokens will be unlocked. 0.53% of the circulating supply.
• IOTA: $2.69 million worth of tokens will be unlocked. 0.41% of the circulating supply.
• ENA: $2.91 million worth of tokens will be unlocked. 0.15% of the circulating supply.
• TRIBL: $72,000 worth of tokens will be unlocked. 6.11% of the circulating supply.
• 1INCH: $10,000 worth of tokens will be unlocked. 0.01<% of circulating supply.

Gradual Unlocks (17-24 Mart)

The tokens that will be released this week could put pressure on prices by increasing their circulating supply:

• Solana (SOL): $59.79 million worth of tokens will be unlocked. 0.09% of the circulating supply.
• Worldcoin (WLD): $31.82 million worth of tokens will be unlocked. 3.19% of the circulating supply.
• Celestia (TIA): $23.80 million worth of tokens will be unlocked. 1.30% of circulating supply.
• Dogecoin (DOGE): $16.60 million worth of tokens will be unlocked. 0.07% of the circulating supply.
• Mantra (OM): $18.18 million worth of tokens will be unlocked. 0.27% of the circulating supply.
• Bittensor (TAO)**: $12.34 million worth of tokens will be unlocked. 0.60% of the circulating supply.
• Avalanche (AVAX): $13.08 million worth of tokens will be unlocked. 0.17% of the circulating supply.
• Sui Network (SUI): $8.56 million worth of tokens will be unlocked. 0.12% of circulating supply.
• Jito (JTO): $9.08 million worth of tokens will be unlocked. 1.40% of the circulating supply.
• Near Protocol (NEAR): $7.59 million worth of tokens will be unlocked. 0.25% of the circulating supply.
• Polkadot (DOT)**: $10.24 million worth of tokens will be unlocked. 0.15% of the circulating supply.
• Story (IP): $12.76 million worth of tokens will be unlocked. 0.90% of the circulating supply.
• Filecoin (FIL): $7.48 million worth of tokens will be unlocked. 0.40% of the circulating supply.
• Mocaverse (MOCA): $4.32 million worth of tokens will be unlocked. 2.31% of the circulating supply.
• Morpho (MORPHO): $397,000 worth of tokens will be unlocked. 0.13% of the circulating supply.

Impact on Altcoin Prices

Token unlocks of this magnitude can often put pressure on prices. In particular, openings that make up a significant percentage of the circulating supply can increase the risk of short-term declines in the respective tokens.

Projects such as JTO, TIA, TRIBL, ZKJ, APE, IMX, ID, and FTN have a release of over 1% of the circulating supply, which can be critical for investors. High-volume token openings, in particular, can lead to large waves of selling and increase short-term volatility in the market.