According to CryptoRank, between July 21 and 27, seven significant altcoin projects are set to release locked supplies totaling approximately $77 million.
Upcoming Major Coin Unlocks
The schedule kicks off on July 21 with the release of 108.34 million PLUME coins ($12.46 million) on the Plume Network. On July 22, 14.03 million HYPER coins ($4.99 million) will circulate within Hyperlane. Avail is set to release 969.6 million coins on July 23, accounting for 9.22% of its supply, with the $19.23 million accounting for 38.1% of the project’s current value.
On July 25, AltLayer will unlock 240.8 million ALT tokens ($9.07 million). The same day, Humanity Protocol will release 91.67 million H coins ($4.96 million). On July 26, 84.29 million SAHARA coins ($7.27 million) will enter circulation.
Closing out the week, Ronin will release 31.84 million RON coins ($18.99 million) on July 27, representing 4.83% of its fully diluted market value of $592 million.
Potential Market Impact
The total monetary value of the coin unlocks reaches $76.97 million, with Avail’s significant contribution of 38.1% and Hyperlane’s 8.01% share drawing attention. Despite comparable dollar amounts, Ronin faces a relatively low pressure of 4.83%, showcasing the influence of valuation multipliers on altcoins.
AltLayer with 6.41%, Plume Network with 4.26%, and Sahara AI with 4.13% market ratios indicate that these coin unlocks are within the market’s capacity to absorb.
Conversely, Ronin leads in the proportion of unlocked coins at 62.9%, followed by AltLayer at 37.6%, and Avail at 21.7%.
Conclusion of Analysis
The analysis of upcoming altcoin unlocks suggests that these events could significantly influence price volatility in the market. Given the total value of unlocks and the corresponding pressure, it remains pertinent for traders and investors to monitor this process closely.
The planned altcoin unlocks may have a notable impact on market dynamics, and careful analysis of these unlocks is essential for traders and investors.
