6 Unlocked Altcoins to Avoid in This Week’s Trading 💰
Seven “cliff unlocks” will occur over the next seven days, releasing $237.46 million worth of crypto into the market.
Altcoins that will bear the brunt include:
Aptos ($APT )
APT) will unlock 11.31 million APT coins worth $96.36 million on June 12. This accounts for 2.58% of the token’s circulating supply.
Over the past day, APT’s price has fallen by 8% to $8.39. As the supply increases with such unlocks, the coin may witness further bearishness.
Starknet ( $STRK )
STRK) will unlock 64 million STRK tokens worth $76.16 million on June 15. The amount is estimated to account for 4.92% of the total circulating supply.
Meanwhile, STRK price fell 11.21% to $1.17 today, making it a bearish coin to trade this week. 🔸
Immutable ($IMX )
IMX) will witness the unlocking of 25.53M tokens worth $53.36M on June 14. This accounts for 1.72% of the token’s circulating supply.
IMX is down 7.83% over the past day to $2.05, and further supply increases could push prices down further.
CYBER (CYBER)
CYBER will unlock 886.12K tokens worth $7.47M on June 14. This is equivalent to 3.96% of the cryptocurrency’s circulating supply.
Even CYBER’s price has fallen 7.04% to $8.45 over the past 24 hours.
dydx ( DYDX )
Another altcoin on the list, DYDX, will unlock 1.55M tokens worth $2.94M on June 11th. This is equivalent to 0.55% of the circulating supply. DYDX
The price plummeted 11.39% from yesterday to $1.90. 🔸
1inch ( #1INCH )
Finally, 1inch will unlock 36.43K tokens worth $174,500 on June 9th. This accounts for 0.06% of the circulating supply of the token. 1INCH
The price fell 2.19% to $0.4798 in the past day.
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