“Altcoins are facing an early crypto winter, largely due to massive token unlocks in 2024. According to Bloomberg, early investors are looking to quickly sell received tokens, wanting to lock in short-term profits. Data from the Token Unlocks platform shows that token unlocks are expected in 120 of 138 projects . This puts enormous pressure on the altcoin market. For example, the dYdX project's token, DYDX, has fallen by 61% over the past three months. Analysts note that without the influx of new funds and the restoration of liquidity, altcoin prices may continue to fall 😟."