A total of $208.53 million worth of tokens will be unlocked and released across multiple altcoins next week. This will affect the prices and market dynamics of 26 altcoins such as Near Protocol, XPLA and MintLayer.

Investors generally tend to take profits or reinvest their funds after token unlocks, but the first option usually prevails. The altcoin market is expecting significant activity, with a total of $208.53 million worth of tokens unlocked over the next seven days. Token unlocks have a significant impact on the market dynamics of the respective altcoins.

Near Protocol (NEAR):
Near Protocol is leading the way for upcoming token unlocks, with a release planned within the next five hours. Currently trading at $6.34 and having a market cap of $7 billion, NEAR has 94.70% of its total supply in circulation. 254,683 NEAR tokens are locked and will be released as part of the vesting program.

XPLA (XPLA):
XPLA, which has a market cap of $77.16 million, is trading at $0.1244 and a major token unlock is planned in the next five hours. A total of 18.74 million units of XPLA will be released, adding another 0.94% of the supply to the market.

MintLayer (ML):
MintLayer, launched in March 2023, has only 10.70% of its total circulating supply. MintLayer, which has a market cap of $9.67 million and is trading at $0.15, will see 1.12% of the supply unlocked monthly through February 2025.

Other altcoins will have token unlocks such as Safe (SAFE), Altlayer (ALT), Forgotten Playland (FP), SPACE ID (ID), and Bonfida (FIDA). In total, tokens worth $208.53 million are expected to enter circulation next week for 26 altcoins. Investors should follow these developments closely and shape their decisions, as token unlocks can often have a significant impact on prices.

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