Next week is expected to bring price fluctuations in several major altcoin projects due to token unlocks. A total of over $214 million in tokens will be unlocked from October 14 to October 20, 2024.

Major Token Unlocks Happening Next Week

Among the most notable unlocks is the ARB token, with $48.97 million worth of tokens (2.56% of the circulating supply) to be unlocked on October 16. AXS tokens worth $41.55 million, or 6.08% of the supply, will also be unlocked on the same day. STRK and EIGEN will see significant token releases, with $25 million and $41.4 million in tokens unlocked, respectively.

Pros and Cons of Token Unlocks

Token unlocks directly affect the altcoin development process and its investor relations, testing community confidence. While unlocks may encourage long-term commitment, they also pose risks related to price pressure from increased supply.

Project Support and Investor Strategy Impact

Investors may choose to stake or hold their unlocked tokens long-term, while others may sell for profit. However, large token releases typically create selling pressure on prices, increasing volatility. Timeliness and transparency in this process are crucial for maintaining investor trust.

Upcoming token unlocks could significantly impact investor strategies and cause major price changes in the altcoin market. Understanding this process and its potential consequences is crucial for investors to adapt their strategies.