15 Altcoins To Sell Ahead As $300M Worth Token Unlocks Approach

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As a seasoned crypto investor with years of experience under my belt, I always keep a keen eye on upcoming unlock events as they can significantly impact a coin’s price action. Let’s take a look at some of the coins preparing for an unlock this week:

In the world of cryptocurrencies, there’s growing unease as another potential downturn in the market seems imminent for certain altcoins. This anxiety is shared by investors worldwide, following insights from the Token Unlocks app that suggest approximately $300 million worth of tokens will be made available over the next week. The focus is on 15 coins predicted to undergo significant unlock events, which could negatively impact their future values. Here’s a summary of the upcoming token unlocks and their price performance today.

15 Altcoins To Face Token Unlock Ahead

Based on Token Unlocks’ findings, the following 15 altcoins with impending supply increases are: Aptos (APT), Arbitrum (ARB), EigenLayer (EIGEN), Axie Infinity (AXS), Starknet (STRK), Taiko (TAIKO), Cardano (ADA), ApeCoin (APE), Echelon Prime (PRIME), Render (RENDER), Ethena (ENA), CYBER, Astar (ASTR), Nym (NYM), and Forta (FORT).

Unlock events signify a situation where previously restricted tokens become accessible in regular intervals, thereby influencing the total supply. This scenario can cause unease among investors when it leads to price drops due to the principle of supply and demand. Let’s explore further details about the upcoming unlocks.

Aptos

On October 11th, approximately 11.31 million APT tokens, valued at about $93.65 million, are expected to be released in Aptos. This release accounts for over 2% of the current circulating supply of this altcoin. At present, the price of APT stands at $8.25, marking a decrease of nearly 0.5% within the last 24 hours. During this period, the lowest and highest prices recorded were $7.88 and $8.34 respectively.

Arbitrum

On October 16, Arbitrum is set to release a total of 96 million ARB tokens, equivalent to approximately $51.06 million. This represents around 2.65% of the coin’s current circulating supply. At present, the ARB price stands at $0.5319, having increased by almost 1% in the last 24 hours. Throughout the day, the lowest and highest prices for ARB were $0.507 and $0.5346, respectively.

EigenLayer

11.22 million units of EigenLayer are set to be released on October 15, amounting to approximately $42.07 million. This release represents about 6% of the total circulating supply of the cryptocurrency. The current price of EIGEN is $3.75, which represents a nearly 0.5% increase over the past day. Today’s lowest and highest prices for EIGEN were recorded at $3.58 and $3.90, respectively.

Axie Infinity

On October 14, approximately 9.25 million AXS tokens, valued at around $41.92 million, will be released from lockup. This represents about 6.08% of the total circulating supply of AXS. Over the past day, the price of AXS has increased by nearly 1.5%, and it is currently being traded at $4.54. In the last 24 hours, the lowest and highest prices for AXS were $4.33 and $4.53, respectively.

Starknet

On October 15, Starnet is set to release 64 million STRK, which amounts to approximately $25.32 million at current value. This represents around 3.30% of the coin’s total circulating supply. Today, the price of STRK was $0.3967, marking a rise of about 5% over the past day. The lowest and highest points during the trading day were $0.372 and $0.3971 respectively.

Taiko

12 million units of Taiko are set to be released (unlocked), equating to approximately $18.84 million at present value. This represents 16% of the coin’s circulating supply. Additionally, the price of a single Taiko was trading at around $1.56, showing a minor decrease of 0.4% over the previous day. The lowest and highest prices in the last 24 hours were $1.51 and $1.57 respectively.

Cardano

On October 12, approximately 37 million ADA tokens, valued at around $12.83 million, will become accessible for trading, representing about 0.10% of the current circulating supply of Cardano. Over the past 24 hours, the price of ADA has risen by nearly 3%, currently standing at $0.3455. Its lowest and highest points within the day were $0.3321 and $0.347, respectively.

ApeCoin

15.6 million units of ApeCoin, currently valued at approximately $11.02 million, are set to be released on October 17. This release represents around 2.31% of the coin’s current circulating supply. In the last 24 hours, the price of ApeCoin has increased by more than 1%, reaching a value of $0.7069. During this period, the coin’s lowest and highest prices were $0.6746 and $0.7093, respectively.

Echelon Prime

On October 17th, Echelon Prime is set to release 750,000 units of PRIME, valued at approximately $5.85 million. This release represents 1.5% of the total circulating supply of the coin. Over the past day, the price of PRIME has dipped by nearly 2.5%, settling at $7.81. The day’s lowest and highest prices for the coin were $7.70 and $8.12 respectively.

Ethena

On October 16, Ethena prepares to handle an unleashing of approximately 12.86 million ENA, valued at around $3.61 million. This release represents about 0.47% of the altcoin’s current circulating stock. In the last 24 hours, the price of ENA has surged by over 4%, reaching $0.2809. During this period, its lowest and highest prices were $0.2571 and $0.2836 respectively.

Render Network

On October 14, RENDER is set to release a total of 492,130 units, equivalent to 0.13% of its current circulating supply, with a combined value of approximately $2.61 million. Over the past day, the price of RENDER has risen by more than 4%, reaching $5.31. The coin’s price range over the last 24 hours was between $4.91 (low) and $5.33 (high).

CYBER

886,120 units of CYBER, worth approximately $2.57 million, were unlocked on October 14. This represents about 3.81% of the altcoin’s current circulating supply. The price of CYBER has risen by almost 2% over the past day to reach $2.90. Today, the coin’s lowest and highest prices were $2.76 and $2.98 respectively.

Astar

On October 17, a release of approximately 9.72 million Astar tokens (ASTR), valued at around $567,000, is set to occur. This amount represents about 0.13% of the current circulating supply. Additionally, over the past day, the price of ASTR increased by approximately 0.5%, reaching $0.05834. During this period, its lowest and highest prices were $0.05619 and $0.05862 respectively.

Nym

On October 15th, Nym has a scheduled unlock of approximately 2.73 million coins, valued at around $200,760. This release represents about 0.34% of the coin’s current circulating supply. Currently, the price of NYM stands at $0.07356, marking a decrease of 3.5% over the past 24 hours. The day’s lowest and highest traded prices were $0.07354 and $0.07635 respectively.

Forta

In summary, Forta is preparing for a release of approximately 2.66 million FORT tokens, equivalent to around $296,000 on October 13. This represents 0.56% of the coin’s current circulating supply. Over the past day, the price of FORT decreased by over 1%, and it is now being traded at $0.1113. Its lowest and highest prices within the last 24 hours were $0.1079 and $0.112, respectively.

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2024-10-11 17:10