This week's market volatility warning: The wave of altcoin unlocks is about to arrive!
This week, the market will face a storm of large token unlocks for altcoins, involving as many as twenty-five different altcoins. This event will undoubtedly have a significant impact on the market, and investors
must remain highly vigilant.
First, let’s focus on $SUI, which has a market capitalization of nearly ten billion dollars. Although the number of unlocked tokens accounts for only 0.01% of its market capitalization, the cumulative effect of so many coins unlocking at the same time cannot be ignored. A mosquito's leg may be small, but when many mosquito legs come together, they can form a considerable force.
Next, there are NEAR and $WLD, which also have substantial market capitalizations. Although their token unlock ratios are not high, the sheer number is vast, and the potential impact on the market should not be underestimated. Especially H2O and VENOM, whose unlock ratios even exceed 1%, which will undoubtedly bring a more direct impact to the market.
The situation for PTU and 1INCH is even more severe. The number of unlocked tokens for PTU accounts for over 21% of its market capitalization, while 1INCH accounts for nearly 6%. These two figures are like two time bombs in the market, capable of triggering intense market fluctuations at any moment.
Moreover, ARKM, SEI, TIA, and other altcoins with significant market capitalizations will also face token unlocks. Although their unlock ratios are not high, any slight market movement could trigger a chain reaction, further exacerbating market volatility.
Particularly noteworthy are GT and DYDX, both of which have unlocked token quantities that account for over 5% of their market capitalizations. This is akin to a major storm that will have a huge impact on the market.
As for AXL, YGG, and other altcoins with relatively smaller market capitalizations, although the number of unlocked tokens is relatively low, they are still worth watching. They may have a significant impact on local sectors of the market.
Not to mention those coins with small market capitalizations but astonishing unlock ratios. For instance, MAV and RAD, both of which have unlock ratios exceeding 3%, this is akin to a major explosion for small coins.
Finally, the unlocks of large-cap coins like IMX, NAVI, and $OP should not be overlooked. Their number of unlocked tokens is equally astonishing, enough to make the market tremble.
