20–24 Altcoin Token Unlocks Dey Release Over $200M Dis Week
Last week, dem don unlock token worth over $300 million across 24 altcoins from Oct 12 to 18, after di news about US–China tariff. Dis week (Nov 10 to 16), another wave of token unlocks don land, about $207 million across 20 altcoins. Small-cap projects (HOME, CHEEL, ION) go unlock 3% to 16% of supply. Mid-caps (MOCA, BB, ZKC) dey release 5% to 7%. Big networks like Linea ($32.5 million, 16.3%), Aptos ($36.4 million, 1.6%) and Arbitrum ($28.1 million, 1.7%) also dey unlock token dem. WalletConnect Token and stablecoin STBL go unlock 46%–70% of supply on Nov 15–16, fit make sell-side pressure sharp. Traders need to track di detailed token unlock calendar so dem fit prepare for wetin go happen, manage trade risk, and adjust strategy for di short-term wahala wey go follow this token unlocks.
Bearish
Dem big token unlocks dey sharply increase wetin dey circulate, especially for STBL and WalletConnect Token wey fit unlock reach 70% of dia market cap. Past on-chain unlock events dey usually bring sell-side pressure plus short-term price wahala. Even though small projects dey unlock smaller percentage, di combined $500M+ wey go enter market for two weeks go increase short-term bearish pressure. For long term, market absorption and project basics go determine stability, but traders suppose ready for sell-off around major unlock dates.