According to the latest data provided by the Token Unlocks App, six different altcoins will experience token unlocks next week. This event continues the trend of previous token unlocks. Notably, the unlocking of tokens valued at $138.5 million could impact some altcoins. The tokens in question are AltLayer (ALT), Space ID (ID), Ethena (ENA), Galxe (GAL), and Yield Guild Games (YGG). What is happening with these altcoins during the unlocking process, and what are the details of these token unlocks?
AltLayer (ALT) Current Status
AltLayer Token will unlock 684.21 million ALT, valued at $111.01 million, on July 25. This amount represents 42.08% of the circulating supply, raising significant questions about future market impacts.
ALT’s price is trading at $0.1632 after a 2.10% drop in the last 24 hours. The lowest and highest prices in the last 24 hours were $0.1572 and $0.1729, respectively.
Space ID (ID) Token Unlock
Space ID will also undergo a token unlock. On July 22, 18.49 million ID, valued at $9.01 million, will enter the market. This amount constitutes 4.29% of the total supply.
ID’s price saw a 5.70% increase, trading at $0.4975. The total market cap of ID is around $320 million.
Ethena (ENA) Coin Unlocks
Ethena will unlock tokens valued at $7.32 million on July 21, releasing 14.89 million ENA. This represents 0.87% of the circulating supply.
ENA’s price is currently $0.4998, reflecting a 4.28% increase in the last 24 hours.
Yield Guild Games (YGG) Unlocks
Yield Guild Games will unlock 14.08 million YGG, valued at $7.56 million, on July 27. This represents 3.74% of the circulating supply.
YGG’s price increased by 2.97%, trading at $0.5369. The 24-hour low and high prices were $0.5183 and $0.555, respectively.
Galxe (GAL) Token Unlock
Altcoin Galxe will unlock 1 million GAL, valued at $3.60 million, on July 24. This amount represents only 0.85% of the circulating supply.
GAL price dropped to $3.53, a 5.78% decrease in the last 24 hours. The 24-hour low and high prices were $3.53 and $3.92, respectively.
