The cryptocurrency market will witness a significant wave of token lock openings next week. From June 17 to June 23, more than 20 altcoins such as ONDO coin, The Graph, Velo will be unlocked, which may lead to price fluctuations and increased investor interest. In this article, we will examine which altcoins will be affected on which dates, the potential effects of lock openings, and what investors should pay attention to in this process.
Locks are being opened for ONDO coin and those 24 altcoins
The last few weekends have been pretty dull in terms of price movements, and so was the previous week when BTC was around $69,500. Monday started on a more positive note with the asset rising to just over $70,000 but was quickly halted there and pulled down four grand. It closed the weekend at $66,000. Meanwhile, expectations remain steady in the new week. Because altcoin lock openings attract attention.
The cryptocurrency market is preparing for a massive wave of token unlocks next week. A significant amount of tokens will be unlocked in more than 20 altcoins from June 17 to June 23. Thus, many new coins will enter the market. This could lead to both price fluctuations and increased investor interest. So, which altcoin will be affected by this situation and when?
- June 17: The Graph (GRT), Velo (VELO), SuperRare (RARE), Oxygen (OXY), ApeCoin (APE)
- June 18: Sabai Ecoverse (SABAI), Ondo Finance (ONDO), Manta Network (MANTA)
- June 19: Aurora (AURORA), Numbers Protocol (NUM), Pixels (PIXEL), Land Of Conquest (SLG)
- 20 June: Braintrust (BTRST), DexCheck (DCK), bitsCrunch (BCUT), Iron Fish (IRON)
- June 21: XPLA (XPLA), Mintlayer (ML), Avalanche (AVAX), Forgotten Playland (FP)
- June 22: Covalent (CQT), Space ID (ID)
- June 23: Bonfida (FIDA), Moonwell (WELL), Coin98 (C98), Chainflip (FLIP)
What are the effects of the unlock?
Unlocks can affect the balance of supply and demand by increasing the amount of tokens in circulation. This may cause a decrease or increase in token prices. It is important for investors to make their investment decisions by considering the potential impact of lock openings. However, the exact dates and times of lock openings may vary. The impact of unlocks on token prices may vary depending on the overall status of the project and market conditions. Moreover cryptokoin.com As we always report, the cryptocurrency market is a very risky investment tool. It is important to do detailed research and consider your risks before investing. This information is not investment advice. It’s important to do your own research and consult a financial advisor before investing.
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