Major Altcoin Token Unlocks Set to Impact Market: Key Dates, Projects, and Price Risks
Next week, the cryptocurrency market will see significant token unlocks across 16 altcoins, including Aptos (APT), Immutable (IMX), StarkNet (STRK), Cheelee (CHEEL), io.net (IO), and others. Major unlocks include Aptos ($53.56M, 1.79% of market cap) on June 12, Cheelee ($43.17M, 14.68%) on June 10, and StarkNet ($16.99M, 3.83%) on June 15. The proportion of tokens released ranges from 1.4% to nearly 48% of circulation, with Nereus Token (NRS) unlocking the largest share relative to its market cap. These token unlocks are expected to heighten short-term sell pressure, especially for projects unlocking a large percentage of their supply, which could increase volatility and trigger temporary price drops. Historical patterns and the current bearish sentiment in the crypto market indicate that traders should be vigilant, closely monitoring these unlock events for effective risk management and timely trading strategy adjustments.
Bearish
Large-scale token unlocks often lead to increased short-term supply on the open market. When demand does not keep up, this typically results in heightened volatility and downward price pressure for the affected altcoins. The upcoming unlocks involve significant portions of circulating supply—up to nearly 48% for some tokens—which amplifies sell-side risk. In addition, the broader crypto market remains bearish, so the likelihood of price drops and increased trading volume around these unlock dates is elevated. Historically, major unlock events have coincided with short-term declines, making it prudent for traders to remain cautious during these periods.