As April approaches crypto- The market is preparing for a wave of token unlocks, with $330 billion worth of tokens coming into circulation across various projects. Although unlocking tokens is sometimes seen as potential selling pressure, it also offers opportunities for investors.
The market is on the frontier where the largest unlocking will take place on April 15 with BitDAO (BIT) launching nearly $1 billion worth of tokens, followed by over $66 million worth of APECoin (APE) and Aptos (APT) launching over $52 million worth of tokens. taking.
By crypto analyst AlΞx Wacy determined Let’s examine five striking projects:
Top 5 Featured Tokens Are Analyzed
Large token unlocks in April 🧵:
• $DYDX – $117M April 1
• $SUI – $129M April 3
• $EEFI – $12M April 4
• $DYM – $23M April 6
• $GMT – $40M April 9
• $CGPT – $15M April 10
• $APT – $428M April 12
• $NGL – $35M April 12
• $SEI – $106M April 15
• $ZBC – $11M April 15
•… pic.twitter.com/Nq3r0oGjTMNEWS CONTINUES BELOW— AlΞx Wacy 🌐 (@wacy_time1) March 29, 2024
Entangle (NGL) – Unlock: $35 Million on April 12
The analyst has keen interest in Entangle’s $35 million unlock, which coincides with several catalysts, including the mainnet launch and staking features. Bullish trends are common with NGL positioned as the gas token for the BORPA launch, with some predicting targets exceeding $10. The significant growth potential of the ecosystem could alleviate significant selling pressure.
Aptos (APT) – Unlock: $428 Million on April 12
AptosDespite ‘s massive lock of $428 million, analysts suggest the altcoin may not have reached its seasonal peak, allowing APT to gain more value before a significant sell-off occurs. However, shortening APT around this unlock could be considered risky.
Dymension (DYM) – Unlock: $23 Million on April 6
By the way, which is primarily a linear token donation for the ecosystem DymensionUnlocking is unlikely to create significant selling pressure. The advantage of staking rewards can continue to attract investors, increasing both price appreciation and participation in staking.
Starknet (STRK) – Unlock: $141 Million on April 15
Positioned as a ZK-rollup, Starknet offers a promising investment opportunity with potential returns of 3x-5x from current levels. Unlocking, which coincides with the accumulation phase before a potential rally, is in line with investor sentiments seeking profit maximization in the long term.
AltLayer (ALT) – Unlock: $61 Million on April 25
Completing the list with next-generation blockchain, AltLayer draws on the narrative of identifying high return opportunities in bull markets. While still speculative, ALT appeals to investors looking for higher risk/return, especially when considering large positions.
In general, the market will closely monitor these token unlocks and their impact on token prices and project trajectories. As always, investors need to conduct thorough research and exercise caution when navigating the volatile crypto landscape.
