The cryptocurrency market may experience changes in the prices of 18 altcoins due to token unlocks of approximately $81 million to be released next week. According to Tokenomist.AI data, the supply of 19 coins will increase significantly. This has led to concerns among investors about prices.
Which Altcoins Will Be Affected?
Metars Genesis (MRS), Sodius AI Tech (AITECH), Space ID (ID), Tribal Token (TRIBL), Cardano (ADA) 
$0.35504Karrat (KARRAT), Ethena (ENA), EigenLayer (EIGEN), Hatom (HTM), GT Protocol (GTAI), Coin98 (C98), Hooked Protocol (HOOKED), Venom (VENOM), GameSwift (GSWIFT), Vulcan Forged 19 altcoins will undergo lock opening, such as (PYR), Acala (ACA), Moca Coin (MOCA), and KonnektVPN (KPN).
Increasing the token supply may increase selling pressure, causing a decrease in prices. For example, Metars Genesis increased by 1%, while Tribal Token decreased by 5%. Similar price movements are observed in other altcoins.
Market Expectations
Investors are wondering whether the increase in supply will be balanced by demand after the lock openings. This situation may be decisive in shaping coin prices.
Token lock openings may lead to increased volatility in the market. Investors try to manage their risks by diversifying their portfolios.
As a result, $81 million token unlocks could have a significant impact on the crypto market. It is important for investors to follow these developments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
