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$645 Million Week in Cryptocurrencies: 25 Altcoins Will Be Affected! - Coin Bulletin
This week, a total of 25 different altcoins will see the opening of locked tokens worth 645.86 million dollars in the crypto market.
According to the latest data provided by Tokenomist, significant amounts of tokens will be released in important projects such as Sui (SUI), W (W), Eigenlayer (ENA), Optimism (OP), BigTime (BIGTIME), and Zeta (ZETA). This may create selling pressure in the relevant crypto assets in the short term.
Mass Unlockings (31 March – 7 April)
The prominent projects in the mass unlocking events happening this week are as follows:
)# Gradual Unlocking ( March 31 – April 7 )
The noteworthy projects among the tokens gradually opened during the week are listed as follows:
(# How Will It Affect Prices?
Token unlocks generally lead to price declines, especially in tokens that have a significant amount and a high proportion of circulating supply. In this context, high unlock rates in projects such as SUI, W, OP, BIGTIME, and ZETA stand out as tokens that investors should pay more attention to.
Especially tokens with a circulating supply ratio above 1% such as )SUI, W, OP, BIGTIME, ZETA( can cause short-term volatility and selling pressure in the market. It is emphasized that investors should be cautious during this process.