This week, many altcoins are preparing for unlocks that have a potentially significant impact on the crypto market. Volatility may increase as investors and enthusiasts closely monitor the impact of these unlock events. Here are the details…
Locks are being opened for many altcoins
Today, as we start the week, Games for a Living (GFAL) will unlock tokens equivalent to $8.11 million, accounting for 15.72% of the market cap, which currently stands at $51.59 million. Shortly thereafter, DappRadar (RADAR) is scheduled to launch $1.27 million worth of tokens, accounting for 21.06% of the $6.03 million market cap. Later in the day, WhiteBIT Coin (WBT) will release 21.92% of its market cap, a significant figure of $173.71 million, potentially impacting its position in the market.
The next day, Centrifuge (CFG) will unlock a total of $1.63 million in tokens, a modest 0.76% of the $214.46 million market cap. Simultaneously, three projects – RSS3, UXD Protocol Token (UXP) and Biconomy (BICO) – are preparing to launch their tokens, contributing to market dynamics. UXP will unlock $1.45 million, BICO $6 million, RSS3 $3 million. On the same day, Artificial Liquid Intelligence (ALI), Nakamoto Games (NAKA), My Neighbor Alice (ALICE) and Zebec (ZBC) traded for a total of 12.21, ranging from 2.56% to 7.25% of their respective market caps. It will unlock million dollars.
Millions of cryptos will enter the market in the middle of the week
BitDAO (BIT) will unlock a significant $79.81 million on November 15, potentially reshaping its position in the cryptocurrency market. Later in the day, CyberConnect (CYBER), LimeWire (LMWR), IguVerse IGU (IGU) and FC Porto (PORTO) will unlock their tokens and contribute to the market dynamics. CYYBER will unlock $7.5 million, while LMWR will unlock $3.5 million. IGU and PORTO will pour 1.2 and 1.53 million dollars into the market, respectively.
In addition, in the middle of the week, the tokens of major projects such as Uniswap (UNI), The Graph (GRT), SuperRare (RARE) and Oxygen (OXY) will be unlocked and the total amount will reach tens of millions of dollars. On November 16, UNI will unlock $44 million, and on November 17, GRT will unlock $9.75 million. FLOW will unlock $1.86 million worth of coins. RARE and OXY will unlock a total of $4 million on November 17. Likewise, APE will also carry out an unlock worth 22 million dollars.
There are unlocks for ROSE, LDO, ASTR and more
Towards the end of the week, significant token unlocks are expected to contribute to overall market activity from projects such as Lido DAO (LDO), Oasis Network (ROSE), Astar (ASTR) and Echelon Prime (PRIME). ASTR will unlock $4.97 million, while PRIME will unlock $3.77 million. LDO and ROSE will unlock between 14 and 17 million dollars. At the close of the week, Aurora (AURORA) and PlayZap (PZP) are preparing to launch tokens that will potentially impact their market positions. AURORA unlocks $1.64 million and PZP unlocks $3.47 million.
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