The crypto market is preparing for significant token unlockings next week, which could greatly affect altcoin prices. According to Tokenomist data, a total of $122.7 million in cryptocurrency will enter circulation.
Upcoming Major Altcoin Unlocks
The most prominent unlocking next week will involve the FTN coin, scheduled for March 18, 2025. This unlocking will see $79.8 million worth of FTN entering the market, equating to 4.65% of the coin's total circulating supply. This release might lead to notable price volatility. Additionally, MELANIA will see a significant unlocking of $17.84 million on the same day, accounting for 17.5% of its total supply. On March 22, ID coin will experience a $14.23 million unlocking, representing 13.94% of its circulation.
Minor Coin Unlockings on the Horizon
In addition to the major altcoin unlockings, smaller token releases will also occur next week. APE coin will experience a $4 million unlocking on March 17, corresponding to 1% of its circulation. The same day will see a $2.49 million unlocking for PRIME coin. On March 18, ACE coin will have a $930,000 unlocking. Following that, PIXEL and ZKJ coins will see unlockings of $1.71 million and $1.69 million on March 19, accounting for 5.85% and 1.38% of their circulating supply, respectively.
Conclusion
These upcoming token unlockings could significantly impact the altcoin market, presenting both opportunities and risks for investors.
These events could pose both opportunities and risks. It is important to monitor price dynamics and be prepared for potential market shifts.
