Next week holds significant events for the altcoin market as major coin unlocks are expected to cause substantial price volatility.
What to Expect from Major Unlockings?
FTN coin’s unlocking is slated for March 18, 2025, adding 4.65% of its total circulating supply into the market. This large chunk, primarily held by the project’s founders, could create notable volatility in FTN’s price.
Which Other Coins Will Be Affected?
Alongside FTN, MELANIA will experience a significant unlocking on the same day, with $17.84 million entering circulation, representing 17.5% of its total supply. Additionally, ID coin will unlock $14.23 million on March 22, equating to 13.94% of its circulating supply. Smaller-scale unlockings are anticipated: APE coin will release $4 million on March 17, PRIME will follow with a $2.49 million release, and ACE coin will unlock $930,000 on March 18. Moreover, on March 19, PIXEL and ZKJ coins will experience unlockings of $1.71 million and $1.69 million, respectively.
Market Impact and Recommendations for Participants
With a significant amount of coins entering circulation, traders and market participants are advised to remain vigilant. The potential for price shifts in the altcoin market is high, making this an essential period for those involved.
Given the volumes of upcoming unlocks, the situation in the altcoin market may change significantly. Market participants should be prepared for potential shifts and adapt their strategies accordingly.
