22 Altcoins Worth 431 Million Dollars Unlocking

This week, an important development is taking place in the crypto market. Between October 20-27, a total of $431.86 million worth of tokens will be unlocked. According to data shared by Tokenomist, the locks of 22 different altcoins will be lifted, which could create a noteworthy event for investors.

Among the projects that stand out during the token unlock dates, ZRO catches attention with $44.48 million, making up 7.86% of its locked supply. XPL with $37.41 million (making up 4.97% of its locked supply), MBG with $17.09 million (making up 11.97% of its locked supply), and SCR with $14.79 million (making up 43.42% of its locked supply) are also among other significant projects.

Among the tokens that will be gradually unlocked throughout the week, SOL at $95.78 million (making up 0.09% of its supply), WLD at $34.50 million (making up 1.68% of its supply), TRUMP at $29.44 million (making up 2.45% of its supply), and DOGE at $19.48 million (making up 0.06% of its supply) are noteworthy.

In projects with high unlocking rates, especially SCR, MBG, ZRO, and SOON, the significant increase in supply may lead to short-term selling pressure. Therefore, it is important for investors to take precautions and be cautious of price fluctuations for tokens with an unlocking rate of above 5%.

In summary, the total unlocking amount for this week has been determined as $431.86 million. Investors should review their strategies considering price movements during this process.