⚠️ 6 Altcoins To Dodge In Next Week’s Trades

Here’s a quick overview of some cryptocurrencies that are poised to take the heat of such unlocks in the upcoming week.

According to the insights streamlined by the Token Unlocks App, seven ‘cliff unlocks’ will happen in the coming seven days, releasing $237.46 million worth of cryptos into the market. The altcoins that stand to bore the brunt include:

🔸 Aptos (#APT )

Aptos (APT) will experience a token unlock of 11.31 million APT coins, worth $96.36 million, on June 12. This totals 2.58% of the coin’s circulating supply.

APT’s price already slipped 8% to $8.39 over the past day. The token could further witness bearishness as supply increases with such unlocks.

🔸 Starknet (#STRK )

Starknet (STRK) stands firm to face the unlock of 64 million STRK coins, worth $76.16 million, on June 15. The amount was evaluated to be 4.92% of the total circulating supply.

Meanwhile, STRK price slipped 11.21% to $1.17 today, making it a bearish coin to trade this week.

🔸 Immutable (#IMX )

Immutable (IMX) is to witness a token unlock of 25.53 million coins, worth $53.36 million, on June 14. This totals to be 1.72% of the coin’s circulating supply.

IMX fell 7.83% over the past day to $2.05, whereas further supply gains might push the price further down.

🔸 CYBER (CYBER)

CYBER will experience a token unlock of 886.12K tokens, worth $7.47 million, on June 14. This equals 3.96% of the crypto’s circulating supply.

Even CYBER’s price tumbled 7.04% to $8.45 in the past 24 hours.

🔸 dydx (#DYDX )

Another altcoin on the list, DYDX, will witness the unlocking of 1.55 million coins, worth $2.94 million, on June 11. This is equivalent to 0.55% of the circulating supply.

DYDX price plunged 11.39% from yesterday to $1.90.

🔸 1inch (#1INCH )

Lastly, 1inch will witness a 36.43K tokens unlock on June 9, worth $17.45K. This totals 0.06% of the coin’s circulating supply.

1INCH price fell 2.19% to $0.4798 over the past day.