Over the past week, the cryptocurrency market has shown sideways dynamics with Bitcoin experiencing an unexpected rise, associated with upcoming token unlocks for various altcoins.
Bitcoin Dynamics
Bitcoin remained below the $105,000 mark for most of the week but managed to reach this threshold in recent days due to a sharp increase.
Altcoin Status
The altcoin market displayed a more mixed performance. Major altcoins, such as Ethereum, showed positive results while a significant number of others ended the week with losses.
Token Unlock Schedule
In the upcoming week, token unlocks are expected for various altcoins. Here is the unlock calendar:
- Polyhedra Network (ZKJ): - Market Value: $609.15 million - Token Amount to be Opened: $32.15 million (5.29% of Market Value) - Date: May 19, 2025, 03:00
- Merlin Chain (MERL): - Market Value: $61.37 million - Token Amount to be Opened: $4.15 million (6.79% of Market Value) - Date: May 19, 2025, 03:00
... and so forth for other mentioned projects.
Current events in the cryptocurrency market suggest potential price changes for tokens, especially with the upcoming unlocks. These events could significantly impact the market in the coming days.
