Next week some big altcoin Price fluctuations are expected with the unlocking of tokens in projects. TokenUnlocksAccording to data provided by , a significant amount of tokens will be unlocked between October 14 and October 20, 2024, totaling more than $214.33 million. These key openings, including major altcoin projects such as AXS, ARB, STRK and APE, will both affect the supply-demand balances and reshape the strategies of investors.
Biggest Token Unlocks to Happen Next Week
Among the most notable token unlocks next week ARB token stands out. A total of $48.97 million worth of ARB (2.56 percent of circulating supply) will be unlocked on October 16. same day AXS There will be a token lock opening worth $41.55 million and 6.08 percent of the supply will be released. STRK And EIGEN There will also be important token unlockings. $25 million and $41.4 million worth of tokens will be released respectively.
Upcoming token unlocks reflect the process by which projects fulfill their commitments to investors, communities, and team members. However, volatility can be expected to increase due to the sudden increase in supply.
Advantages and Disadvantages of Token Unlocks
Token unlockingdirectly affects the development process of an altcoin project and its relationship with investors. In this process, the community’s trust in the project can be tested. Although unlocks provide stability to the project by encouraging long-term commitment of token holders, they also bring with them some risks. Especially since there may be sudden sales pressure in the market, sharp fluctuations in prices may occur. On the other hand, tokens released over time prevent sudden price drops and provide a more balanced market.
The timing of token unlocking may vary depending on the road map of the project. Some projects unlock tokens after certain milestones are reached, while others implement automatic token unlock schedules on predetermined dates. This is critical for transparency and trust.
On the other hand, investors can develop new strategies by unlocking tokens. While some prefer to stake the tokens allocated to them from their unlocked tokens or hold them for the long term, some seek to make profits through selling moves. However, releasing large amounts of tokens usually creates selling pressure on the price and increases volatility.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
