![Top 7 Token Unlocks For This Week Including AltLayer (ALT), Immutable (IMX) and DYDX](https://captainaltcoin.com/wp-content/uploads/2023/07/P2P-Review-2023-07-19T184133.477.png)
As crypto traders parse market signals amidst volatile ranging conditions, analyst DeFi Investor highlights several top blockchain narratives and token catalysts to monitor in the days ahead. Let’s examine the developments he has on high alert and their potential crypto price impact.
First up is MATIC, Polygon’s native token, as rumors circulate regarding a rebrand to POLY this month. History shows crypto rebrands tend to lift prices and generate renewed interest if executed properly. MATIC already outperforms peers on the back of Polygon’s booming network growth. A cosmetic makeover could provide additional rocket fuel.
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Secondly, nearly $100 million worth of The Sandbox’s SAND gets unlocked on February 14th, equal to 9.2% of the total supply. This wave of newly tradable tokens risks weighing on prices in the near term, offsetting bullish demand.
DeFi Investor also flags AI-focused crypto assets due to OpenAI CEO Sam Altman seeking a mammoth $7 trillion in funding to launch a new project. If Altman somehow secures capital anywhere close to his target, investor mania towards tokens leveraging AI technology could erupt.
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Show more +Additionally, Frax Finance’s new Fraxtal Layer 2 blockchain opens for public usage soon. The expanded scalability and drops to FXS stakers should attract attention.
Finally, DeFi Investor notices increasing chatter around the ERC404 token projects, PANDORA and ERC404. As narratives propagate quickly across crypto social media, this previously lesser-known token standard could foster a new crop of speculative winners.
With sensible levels identified, traders can monitor price action around these events to capitalize on the highest conviction opportunities based on technical confirmations rather than hype alone.
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