These 3 Altcoin Investors Should Be Alert This Month!

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Token-unlocking is a big deal in crypto. They help you anticipate and prepare for a possible price drop. $300 million worth of unlocks. Yes, you heard right, $300 million worth of tokens will be unlocked this month. According to crypto expert Lawrence Mike Woriji, these un-lock events have the potential to impact the prices of 3 altcoins. That’s why the expert warns his investors now.

First ranked altcoin: Apecoin (APE)

Apecoin plans to launch 15.60 million APE tokens on January 17. The unlock is worth $27.15 million and represents 4.23% of the circulating supply. Here is the allocation schedule of the altcoin project:

  • Yuga Labs founder receives 2.22 million APE worth $3.87 million.
  • Launch Participants 3 receive 833.33k APE, which is approximately $1.45 million.
  • The team allocated 277.78k tokens worth 483.33k tokens to the Charity.
  • Launch Participants 2 will receive 757.58k APE worth $1.32 million.
  • The Treasury will receive 7.34 million APEs worth approximately $12.78 million.
  • Yuga Labs will receive 4.17 million APEs valued at approximately $7.25 million.

Ape is putting in strong performances right now. So, the next unlock is likely to have little impact on its price.

Aptos (APT) comes in second place

Aptos lovers gather around, this is for you. Aptos has a big unlock event in early January. The Tier-1 Blockchain will unlock 24.8 million APT tokens, representing 8.09% of its circulating supply, on January 12, 2024. This un-lock transaction is worth $249.67 million, which is quite large for the altcoin. There are four allocations in this un-lock event:

  • The foundation will receive 1.33 million APT worth $13.40 million.
  • The community will receive 3.21 million APT worth $32.26 million
  • Major participants will receive 11.88 million APT worth $119.34 million.
  • Investors will receive 8.42 million APT worth $84.66 million.

cryptokoin.comAs you can follow from Aptos is a relatively new Layer 1 Blockchain. It is based on the Move programming language. And it aims to provide a faster and scalable solution than other networks. However, the altcoin project is not without its concerns. It faced an inconvenient five-hour outage in October. This led crypto exchanges such as Binance and Upbit to temporarily suspend deposits and withdrawals of APT.

Historically, token unlocking has hurt APT. In November, Aptos unlocked 24.84 million APT tokens. APT dropped 13.4% from $7.82 to $6.77 in the nine days after the unlocks. It later recovered and reached stronger numbers. The unlock in December led to a small price drop before rebounding. It is currently trading at $9.83. Therefore, there is a possibility that the next unlock will lead to a temporary price drop.

Last ranked altcoin: Injective (INJ)

January will be a heavy month for Injective Protocol. The reason for this is that they released INJ tokens worth $ 3.6 million to the market on January 21. This unlock represents 4.35% of the circulating supply and is worth $141.49 million. There are only two allocations for this unlock:

  • Advisors will receive 333.33 thousand INJ worth $12.89 million.
  • The team will receive 3.33 million INJ worth $128.90 million.

The last token unlock for this protocol took place in August. The altcoin lost 10% after the network released 2.86 million tokens worth $20.56 million. After the unlock in January, there will probably be a slight price change for a few days. But we need to see how it will perform.

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