The cryptocurrency market is set to undergo another token unlock next week, with Altlayer (ALT), Worldcoin (WLD), Ethena (ENA) and Space ID (ID) set to unlock a total of around $200 million in value. token value.
The cryptocurrency market is about to witness another major token unlock
Starting Sunday, several cryptocurrency projects will add new tokens to their circulating supply. Some of the cryptocurrencies that will undergo their first unlock next week include FORT, GALA, and ENA, unlocking new tokens worth 449.03K USD, 438.31K USD, and 7.27 million USD, respectively.
Token unlocking often causes increased volatility and can negatively affect the prices of the affected cryptocurrencies.
ALT, WLD and ID will also be running individual unlock events over the weekend. ALT will have the highest unlock rate, adding 115 million USD to the circulating supply. The WLD token follows with $80 million in token value and ID with $8.89 million. Together with ENA, all four cryptocurrencies will unlock more than $200 million in token value next week.
Source: Token Unlocks
Worldcoin has been criticized this past week after extending its unlocking schedule. ARB released more than $70 million worth of its tokens into circulation earlier this week.
Interestingly, the prices of all tokens scheduled to unlock next week have increased in the past 24 hours, with ALT seeing the highest increase — more than 12%.
Source: https://tapchibitcoin.io/alt-wld-ena-id-chuan-bi-mo-khoa-token-tri-gia-200-million-usd.html
