The popular Altcoin Buzz YouTube channel recently alerted their 441,000 subscribers about potential price drops facing several major altcoins. Their analysis focuses on upcoming token unlocks that could significantly impact market prices.

Token unlocks are critical events in the crypto market where previously locked tokens become available for trading. These events typically increase the circulating supply, which can lead to downward price pressure. However, the actual impact varies based on market conditions and project fundamentals.

Seven Altcoins Under Watch

Sui (SUI) kicks off the list with a substantial unlock of 64.1 million tokens on January 1, 2025, representing 2.13% of its circulating supply. Despite its impressive Total Value Locked (TVL) of $1.758 billion and strong community backing, this supply increase could create selling pressure.

Movement Labs (MOVE) faces a significant milestone on January 9, 2025, with 50 million tokens worth $45 million scheduled for unlock. While the project maintains an active developer ecosystem, this 2.22% increase in circulating supply might temporarily affect prices.

Aptos (APT) has a major unlock coming on January 11, 2025, releasing 11.31 million tokens. Given its recent 30% price decline over the past month and historical precedent – where a November 2024 unlock led to a 13.4% price drop – this event warrants attention.

ONDO presents perhaps the most concerning case, with a massive 1.94 billion token unlock scheduled for January 18, 2025. Worth approximately $2.85 billion and representing 19.4% of the maximum supply, this event could significantly impact market prices. Similar annual unlocks are planned through 2029.

Read also: Top Analyst Shares Bold Solana (SOL) Price Prediction

Arbitrum (ARB) has scheduled a 7.9 million token unlock for January 16, 2025. While details are limited, such events typically introduce additional supply to the market.

Polyhedra (PHDR) faces an upcoming release of 31 million tokens on January 19, 2025. The project’s stability will be tested as it manages this increase in circulating supply.

Lastly, Immutable X (IMX) rounds out the list with a 34.6 million token unlock set for January 24, 2025. While the project’s fundamentals might help buffer against price volatility, such substantial unlocks often impact market prices.

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The post Warning: Why These 7 Altcoins May Face Major Price Drops Soon – SUI Makes the List! appeared first on CaptainAltcoin.