There will be seven major token unlocks scheduled to take place this week in crypto. According to Coin Post, these unlocks, which will see a combined value of over $250 million worth of tokens entering circulation, have the potential to impact token prices and market sentiment.
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Aptos ($APT) Leads the Pack with $102.91M Unlock
Aptos, a Layer 1 blockchain platform, is set to unlock $102.91 million worth of $APT tokens this week. This substantial unlock accounts for the largest portion of the total value of tokens being released and is likely to draw significant attention from investors and traders as they assess the potential impact on the token’s price and liquidity.
Internet Computer ($ICP) Follows with $43.02M Unlock
Internet Computer is scheduled to unlock $43.02 million worth of $ICP tokens. As the second-largest unlock of the week, this event is expected to generate interest among market participants, particularly those invested in the project or closely following its development.
Notable Unlocks: $KARATE, $MASA, and $GMT
Several other notable token unlocks are set to take place this week:
- Karate Combat ($KARATE) – $29.66 million unlock
- Masa ($MASA) – $27.80 million unlock
- GMT ($GMT) – $23.68 million unlock
These unlocks, while smaller in comparison to Aptos and Internet Computer, still represent notable events for their respective communities and could potentially impact the market dynamics of each token.
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Show more +Smaller Unlocks: $DAO and $OAS
Rounding out the top 7 token unlocks for the week are:
- DAO Maker ($DAO) – $13.25 million unlock
- Oasys ($OAS) – $10.17 million unlock
Although these unlocks are relatively smaller in size, they may still have an impact on the price and liquidity of the respective tokens, particularly within their specific communities and ecosystems.
Read also: Crypto Analyst Unveils Top 10 Altcoin Picks Including Meme Coins for the Next Big Bull Run
Potential Impact on Token Prices and Market Sentiment
Token unlocks can have a significant influence on the price and market sentiment surrounding the associated cryptocurrencies. As large amounts of tokens become available for trading, there is a potential for increased selling pressure, which could lead to a decrease in token prices.
However, the actual impact of these unlocks will depend on various factors, such as the overall market conditions, the sentiment surrounding each project, and the strategies employed by token holders. Some holders may choose to hold their newly unlocked tokens for the long term, while others may look to sell quickly to realize profits or minimize potential losses.
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