The cryptocurrency market is currently trending sideways. In addition, various altcoin projects fluctuate in line with their own internal dynamics. However, as the market prepares for the coming week, attention is turning to the planned unlocks of several popular altcoins. Here are the details…
Today, many altcoin projects will be unlocked
Starting November 20, several tokens will be unlocked simultaneously. Braintrust (BTRST) $1.51 million (1.57% of market cap), XANA (XETA) $1.41 million (8.11% of market cap), DexCheck (DCK) $1.12 million ( 35.91% of market cap), XDAO $4.06 million and XPLA will unlock $4.38 million on November 21. In addition, the expected unlocking operations will take place in the following days.
Which coins will be unlocked this week?
On November 21, dYdX (DYDX) will unlock $25 million (0.65% of total supply). Following this, Space ID (ID) is scheduled to unlock 18.49 million IDs on November 22. This represents an amount worth $4.77 million. That is, 6.46% of the circulating supply. Euler (EUL) will unlock 135k EUL ($362k worth – 0.72% of circulating supply) on November 23rd. Altcoin Mintlayer (ML) will unlock $1.75 million (10.02% of Market Cap) on November 21st. On the same day, Galaxy Arena (ESNC) will unlock $1.39 million. dYdX (DYDX) is scheduled to unlock $20.83 million (3.50% of market cap) at 18:00 on November 21.
Covalent (CQT) follows at $1.32 million (1.56% of market cap) at 08:00 on November 22. Algorand (ALGO) will open at $4.49 million (0.42% of market cap) at 09:00 on November 22. Space ID (ID) will open at $4.68 million (4.49% of market cap) at 23:00 on November 22. Chainflip (FLIP) will unlock $31.16 million on November 23 at 21:00. Altcoin Ribbon Finance (RBN) will open at $4.01 million (3.99% of market cap) at 03:00 on November 24. Mask Network (MASK) will announce $2.16 million (0.78% of market cap) at 11:00 on November 24.
The end of the week is also very busy
Avalanche (AVAX) will unlock 9.54 million AVAX units on November 24. This amounts to an amount worth $208 million. So, it becomes 2.68% of the circulating supply. Additionally, Acala (ACA) will unlock 4.65 million ACA on November 25. This amount of altcoin represents an amount worth 256 thousand dollars. That is, 0.56% of the circulating supply. H2O Dao (H2O) will open at $4.84 million (14.77% of market cap) at 03:00 on November 25. Pintu Token (PTU), TENET and GateToken (GT) were worth $1.40 million (6.74% of the market cap), $2.44 million (15% of the market cap), respectively, at 03:00 on November 25. 73) and will open $27.77 million (6.72% of market cap).
Altcoin Dogechain (DC) will open at $2.33 million (13.72% of Market Cap) at 03:00 on November 26. Finally, LooksRare (LOOKS) will unlock 37.5 million LOOKS ($2.89 million worth – 6.88% of circulating supply) on November 27. While the market awaits these locks to be unlocked, traders and investors are advised to follow these events closely as high seller pressure may affect prices and overall market sentiment.
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