Cryptocurrency world will see four altcoins become significant next week due to token unlocks. Token unlocks can affect a token’s market liquidity. Increased supply from token unlocks can facilitate buying and selling for investors. However, it can also lead to price shifts and difficulties in executing large transactions.
Token Unlocks in These Altcoin Projects Next Week
The release of locked tokens can increase price volatility as investors react to new tokens entering the market. Significant price fluctuations may occur depending on market conditions and investor sentiment. The Pixels ecosystem will release 54.37 million PIXEL tokens starting Sunday, May 19. This amount represents 7.05% of the circulating supply, valued at approximately $19.02 million at current prices.
PYTH will conduct the largest unlock in the series. On Monday, May 20, 2.13 billion PYTH tokens worth $906.09 million will be unlocked. These tokens account for 141.67% of the circulating supply.
On Wednesday, May 22, the Avalanche network will unlock 9.54 million AVAX tokens worth $329 million, representing 2.49% of the circulating supply. On the same day, Space ID will unlock 18.49 million ID tokens worth $13.21 million, representing 4.29% of the circulating supply.
Token Unlocks Today
Looking closer, there are a few token unlocks to watch this weekend. Among them, the Manta Network will release 6.67 million MANTA tokens on Saturday, May 18, representing 2.66% of the circulating supply. These tokens will have a total value of $10.40 million.
On the same date, Oasis Network will release 171 million ROSE tokens. These tokens are valued at $14.82 million and represent 2.54% of the circulating supply.
While token unlocks are often seen as a catalyst for price drops, well-structured unlock programs can support the long-term sustainability of projects.
Strategically structured token unlock programs, aligned with project milestones and development progress, can incentivize team members, increase community engagement, and contribute to ecosystem growth.
