Major Altcoin Token Unlocks Wey Go Affect Market: Key Dates, Projects, and Price Risks
Next week, di cryptocurrency market go see big token unlocks across 16 altcoins dem, including Aptos (APT), Immutable (IMX), StarkNet (STRK), Cheelee (CHEEL), io.net (IO) plus others. Di major unlocks na 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. Di amount of tokens wey dem go release range from 1.4% to nearly 48% of circulation, and Nereus Token (NRS) go unlock di biggest share compared to im market cap. These token unlocks fit bring more short-term selling pressure, especially for projects wey dey unlock big percentage of their supply, fit increase market wahala (volatility) and cause temporary price drops. Past pattern and current bearish sentiment for crypto market show say traders suppose dey careful, dey watch these unlock events well for better risk management and quick adjustments to their trading strategy.
Bearish
Big token unlocks dey usually cause short-term supply to increase for open market. When demand no match up, e dey normally make the affected altcoins get more volatility and price dey drop. The upcoming unlocks get big part of the circulating supply—some tokens reach almost 48%—wey increase the risk for sellers side. Plus, the wider crypto market still dey bearish, so the chance say price go drop and trading volume go increase around these unlock dates high. For history, big unlock events dey happen alongside short-term price declines, so e good for traders to dey careful for these times.