Watch Out for Those 26 Altcoins This Week: There Are Huge Unlocks!

There will be significant movements in the cryptocurrency market in the new week. Locked tokens of many altcoin projects will be released. This situation may have an impact on the market values ​​of the relevant cryptocurrencies. Here are the details…

Locks are opening for those altcoin projects this week

There will be significant movements in this new week when prices in the cryptocurrency market decrease. Locked tokens of many altcoins will remain free. In the list below, you can find the unlock dates of the altcoins in question and the approximate value in dollars of the new tokens that will enter the market:

• June 24, 2024:Ribbon Finance ($4.98 million), Mask Network ($1.58 million), Openfabric AI ($2.30 million)
• June 25, 2024:H2O Dao ($1.66 million), Pintu Token ($1.05 million), AltLayer ($19.88 million)
• June 26, 2024:GateToken ($51.34 million, Dogechain ($1.13 million), Ref Finance ($1.62 million)
• June 27, 2024:Axelar ($14.46 million), Yield Guild Games ($6.03 million)
• June 28, 2024:Fetch.ai ($4.76 million), Chromia ($1.27 million), Maverick Protocol ($15.77 million), Radworks ($1.78 million), Open Campus ($5.63 million), SingularityNet ($5.3 million)
• June 29, 2024:WOO Network ($3.37 million), Atlas Navi ($2.07 million)
• 30 June 2024: Optimism ($42.38 million), Echelon Prime ($17.23 million), Celo ($1.11 million), Illuvium ($2.55 million), Ethena ($8.96 million)

These lock openings may cause fluctuations in the cryptocurrency market and are important developments that investors should follow carefully. cryptokoin.com As we have reported, although it is not always easy to predict the impact of token unlocks on the markets, such large-scale token releases can often put pressure on prices. For this reason, it is important for investors to follow these developments closely and determine their strategies accordingly.

Impact of lock openings on the market

Token lock openings mean increased liquidity, which often leads to price declines in the short term. Because releasing locked tokens means more tokens entering the market. In this case, increased supply may cause prices to decrease. Especially when large amounts of tokens are released, the pressure on the market may increase further. This may cause investors to be tempted to sell their existing tokens, which could lead to sudden drops in prices.

For this reason, investors carefully follow the dates and measures of token unlocks. It is important to follow a careful strategy, especially in projects with high market value and in which large amounts of tokens will be unlocked. Investors should be prepared for short-term fluctuations and consider potential price declines around the lock opening dates.