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Billion Dollar Week in Cryptocurrencies: Attention, 29 Altcoins Will Be Affected! - Coin Bulletin
This week, a total of 29 different altcoins will have a locked token opening worth 915.27 million dollars in the crypto market.
According to data provided by Tokenomist, a large amount of tokens will be released in projects such as TRUMP, SOL, STRK, XCN, SEI, PRIME, IOTA and EIGEN. This can create short-term selling pressure in related assets.
Bulk Unlocking ( April 14 – April 21 )
The prominent projects in the mass unlocks happening this week are as follows:
(# Gradual Unlocking ) April 14 – April 21 (
During the week, the notable projects among the tokens that were gradually opened are listed as follows:
)# How Will It Affect Prices?
Token unlocks generally create price pressure in projects that constitute a large part of the supply. This week, the high amounts that will be unlocked in tokens such as TRUMP, STRK, ARB, WLD, PRIME, IOTA, XCN, and SEI may create short-term volatility.
It is recommended that investors be particularly careful with projects that have a supply rate above 1%. These tokens, when launched, can provide liquidity to the market while also pulling prices down.