8 Cryptocurrencies to Avoid as Token Unlocks Loom This Week

Over the next week, $182.2 million worth of tokens will be unlocked. Here is a quick overview of eight cryptocurrencies that will stand out in the limelight.

ARB is currently trading at $0.9227, down 2.99% over the past day, but still tops the list. 96.13 million ARB tokens worth $86.23 million, or 3.32% of the circulating supply, will be unlocked on June 16. This raises concerns about ARB's future price action.

ID is trading at $0.5654, down 4.15% over the past day. On June 22, the cryptocurrency will unlock 78.49 million ID tokens worth $44.37 million, or 18.23% of the circulating supply. This massive unlock could cause ID's price to plummet.

PIXEL's price plunged 3.84% today to $0.3621. 54.38 million PIXEL tokens worth $19.65 million, or 7.05% of the circulating supply, will be unlocked on June 19.

APE is currently trading at $1.05, down 2.78% from yesterday. 15.6M APE tokens worth $16.35M, or 2.48% of the circulating supply, will be unlocked on June 17th. This has investors concerned about the future price action of APE.

MANTA is trading at $1.27, having pulled back 8.49% in the past day. 7.87M MANTA tokens worth $10.8M, or 2.42% of the circulating supply, will be unlocked on June 18th.

RNDR is down 2.56% today, currently trading at $8.05. 760.57K RNDR tokens worth $6.12M, or 0.20% of the circulating supply, will be unlocked on June 16th.

NYM is down 1.58% today, trading at $0.1366. 2.96M NYM tokens will be unlocked on June 17th, or 0.37% of the circulating supply.

EUL tokens will unlock 88.98K tokens on June 19, worth $3.8616 million, accounting for 0.48% of the circulating supply.

As you can see, unlocking more than 1% of the circulating supply often has a significant impact on prices. Are you ready for market turmoil? Wait and see!

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