News

THESE Altcoins Will See a Massive Crash This Week: Here’s Why 

Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3

Analyst Altcoin Buzz sheds light on the often-overlooked factor of token unlocks and their potential impact on cryptocurrency prices. With several major token unlocks scheduled for May, investors are urged to pay attention to these events to strategize their portfolio management effectively.

Why Token Unlock Schedules Matter

In a recent video segment, he explained the importance of being aware of token unlock schedules, which are publicly available but often disregarded by many investors. These unlocks, which involve the release of previously restricted tokens into circulation, can significantly affect market dynamics as investors, including project teams and early backers, may choose to sell their tokens, leading to price fluctuations.

Upcoming Token Unlocks in May

The analyst highlighted four significant token unlock events scheduled for May, focusing on projects within the top 30 by market capitalization:

Aptos: Aptos is set to unlock 11.31 million APT tokens, valued at tens of millions of dollars. This event follows a structured monthly unlock schedule, with previous months witnessing substantial token releases.

Aevo: Avo is gearing up for a massive unlock of 8.13 billion tokens, worth over $1 billion, scheduled for mid-May. This event, which accounts for 80% of its total supply, is expected to exert downward pressure on its price.

PYTH Network: PYTH Network, a challenger to Chainlink in the oracle space, is preparing for an unlock of 2.13 billion tokens, valued at over $1 billion. Despite its potential as a competitor, this sizable unlock could impact its price negatively.

Avalanche: Avalanche, known for its fast and scalable blockchain, will see 9.54 million AVAX tokens released into circulation. Despite previous unlocks having minimal impact on price, this event could influence market sentiment.

While some projects may experience minimal price impact from token unlocks, others, particularly those with substantial releases, could face significant sell-offs, leading to temporary price declines. 

Also Check Out: Here are the Top Altcoins Ready to hit New Highs During the Altcoin Season!

SOURCE

Leave a Comment

EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnTEnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT