Watch out for these altcoins: Token unlocks of the week

There is an intense token unlocking this week in positive altcoins. One of the altcoins on the calendar, Bittensor (TAO), will perform one of its regular unlocks.

Bittensor (TAO)

According to CoinMarketCap data, #Bittensor (TAO) will perform the most notable token unlock of the week. The Bittensor team will unlock 216,388.85 TAO on the night of December 21. The unlock, which corresponds to 1.03 percent of the total supply, corresponds to $ 116.61 million according to the current price.

SPACE ID (ID)

Web3 platform #SpaceID. (ID), which is located on BNB Chain, will release 3.92 percent of its total supply into circulation on December 21 at 23:55. In the popular altcoin, 78.49 million IDs, which corresponds to approximately $40 million, will be unlocked.

ID, which is traded at $0.503, has a market value of $400 million. While the total supply of SPACE ID is determined as 2 billion IDs, there are 796.05 million IDs in circulation.

Pixels (PIXEL)

The game project #Pixel (PIXEL), which has recently performed below expectations, will sign an important unlock on December 18 at 23:47. The Pixels team will release 53.55 million PIXELs into circulation. The unlock, which corresponds to 1.07 percent of the total supply, corresponds to $12 million according to the current price.

AltLayer (ALT)

Restaking and Rollup initiative AltLayer ($ALT ) will perform a major unlock on December 24 at 23:55. AltLayer will release 195.29 million ALT into circulation on that date. This unlock, which corresponds to 1.95 percent of the total supply, is equivalent to $31.45 million at the current price.

Polyhedra Network (ZKJ)

Polyhedra Network (ZKJ), which carries out development work in the Web3 field through advanced ZK technology, will release 15.5 million ZKJ into circulation at 23:40 on December 18. The unlock, which corresponds to 1.55 percent of the total supply, is equivalent to $30.78 million at the current price.