Cryptocurrency investors The new month has started for BTC and it finds buyers at $68,500. It will be an active month for altcoins. Volatility is expected due to both general news flow and lock openings. So, which altcoins will be unlocked this month and when and for how much?
November Altcoin Lock Openings
A $2.68 billion lock opening will be held this month. According to Tokenomist (formerly Token Unlocks) data, the biggest unlocks are Memecoin (MEME), Aptos, Arbitrum, Avalanche $23 and will be done by projects such as Optimism.
cryptocurrency unlocks are distributed to early investors, developers and other stakeholders supporting the ecosystem. Lock openings are very important for the team to continue their income flow.
meme project Memecoinwill put 3.45 billion tokens worth approximately $37.8 million into circulation for the airdrop. 10 million tokens worth 117 thousand dollars will be sent to accounts daily. MEME Coin price is 81 percent below the all-time record price of $0.01.
Aptos and Arbitrum
Layer-1 network Aptos (APT) will unlock 11.31 million tokens worth $93 million. $32 million of this will be distributed to core participants, and $26 million will be distributed to the community. APT is 54% below the peak at $8.24.
Ethereum $2,451 Layer-2 network Arbitrum will also put into circulation 92.65 million tokens worth $45 million. These unlocks will also be distributed to investors, team and advisors. However, none of them match the recent $900 million lock opening by TAI Coin. From October 24 to today, the TIA Coin price has fallen by 24 percent.
ARB Coin Since there will be a significant amount of lock openings, the price has entered a downward trend. ARB Coin is trading at $0.48, down 79% from its all-time record price on January 12.
After the election results will be announced on Tuesday, we can see the effects of lock openings and other events on altcoins more clearly. Bitcoin $68,287 It finds buyers at $68,430 and altcoins continue the day with an average loss of 4 percent.
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.