Top Altcoins at Risk of Falling This Week from $498M Token Unlock

According to data from TokenUnlocks, this week will be a crucial week for the cryptocurrency markets. According to TokenUnlocks, they plan to unlock at least $498 million worth of tokens in the next seven days. Should crypto investors be concerned about this development?

Open a huge token this week

According to the TokenUnlocks report, both steep and linear unlocks can be expected this week. Token cliff unlocking refers to the release of all locked tokens at once after a certain period of time. Meanwhile, the token's linear unlocking method involves releasing tokens over time.

Among the tokens that open with steep opening method, ARB AXS and EIGEN stand out with the highest opening rates. Among the openers with linear opening method, WLD ranks highest in opening rate.

The line opening method is considered safer than the cliff method because the former ensures that the market does not face volatility risk.

The cliff will open in the next 7 days.

ARB, AXS, EIGEN, STRK, APE, PIXEL, ADA and PRIME are the popular symbols that are slated to open this week in a cliff pattern. ARB will see the largest cliff opening in terms of value this week, with at least $51.04 million worth of ARB tokens (nearly 2.65% of the circulating supply) set to open. AXS worth $43.40 million (6.08% of supply) and EIGEN worth $40.05 million (6.01% of supply) opened.

Linear opens this week.

WLD, SOL, TAO, AVAX, SEI, NEAR, DOT, DOGE, SUI, FIL, BEAM and ARKM are among the important signals that should open in the next seven days in a linear opening pattern. About $85.25 million worth of WLD tokens (at least 7% of the total circulating supply) will open this week, making it the largest line open by value. About $79.21 million worth of SOL (0.11% of supply), $33.86 million worth of TAO (0.68%), $20.80 million worth of AVAX (0.17%), $17.38 million worth of SEI (1%), and $13.85 million worth of close (0.24%). They are openings.

Potential Impact on Crypto Market Prices: Will We See Dirt?

Large token launches often raise concerns about market supply. The basic theory of supply and demand predicts that anything in excess will cause demand to fall and prices to fall.

In conclusion, it's important to keep a close eye on those who open through the cliff method, especially those who release a higher percentage of their token circulation offerings.

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