The cryptocurrency market may experience price fluctuations in approximately 81 million dollars worth of token unlocks set to occur next week, affecting 18 altcoins. According to Tokenomist.AI data, the supply of 19 coins will significantly increase, raising concerns among traders about price stability.
Which Altcoins Will Be Affected?
Nineteen altcoins, including Metars Genesis (MRS), Sodius AI Tech (AITECH), Space ID (ID), Tribal Token (TRIBL), Cardano 
$0.734014 (ADA), Karrat (KARRAT), Ethena (ENA), EigenLayer (EIGEN), Hatom (HTM), GT Protocol (GTAI), Coin98 (C98), Hooked Protocol (HOOKED), Venom (VENOM), GameSwift (GSWIFT), Vulcan Forged (PYR), Acala (ACA), Moca Coin (MOCA), and KonnektVPN (KPN), are exposed to these token unlocks.
The increase in token supply may lead to heightened selling pressure, potentially causing price drops. For instance, while Metars Genesis increased by 1%, Tribal Token fell by 5%. Similar price movements are observed across other altcoins as well.
Market Expectations
Traders are curious whether the increase in supply will balance with demand following the unlocks. This could be crucial in shaping coin prices.
Token unlocks may lead to increased volatility in the market. Traders strive to manage their risks by diversifying their portfolios.
In conclusion, the upcoming 81 million dollars worth of token unlocks could have a significant impact on the crypto market. It is vital for traders to monitor these developments closely.
