A $446 Million Unlock is Expected in the Crypto Market

This week, significant developments are taking place in the crypto market. Between October 13-20, a total of 21 altcoins will have approximately 446 million dollars worth of tokens unlocked. According to new data shared by Tokenomist, these unlocks may lead to increased short-term selling pressure on the respective altcoins.

Featured projects include altcoins such as FTN, CONX, and ARB. For instance, in the FTN project, tokens worth 40.20 million dollars (4.62% of locked supply) will be unlocked. Other notable projects include CONX with 32.93 million dollars (3.00%), ARB with 30.69 million dollars (1.71%), and DRB with 18.28 million dollars (17.59%) worth of unlocks.

Additionally, there are projects that will see gradual unlocks over a longer time frame. In the SOL project, 97.75 million dollars (0.09% of supply), TRUMP with 30.42 million dollars (1.52%), and DOGE for 20.31 million dollars (0.06%) worth of tokens are expected to be unlocked.

The projects with high unlock ratios such as DRB, FTN, CONX, STRK, and STBL may create short-term selling pressure due to a rapid increase in supply. Investors are particularly advised to be cautious regarding price fluctuations for tokens with an unlock ratio of 3% and above.

With a total of 557 million dollars worth of token supply set to be unlocked, this situation may significantly impact liquidity movements and short-term price reactions in the overall market. While this presents important opportunities for investors, it necessitates careful market analysis.