- UDS, VENOM, and ALT among tokens unlocking next week.
- Tokens valued over $17.8 million to enter the market.
- Short-term price volatility potential amid large unlock percentages.
The influx of these tokens into the market is expected to influence liquidity and speculative trading. Historically, such releases could lead to price fluctuations, especially when large percentages of the circulating supply are involved. Total value entering the market exceeds $17.8 million, representing substantial potential impacts across trading platforms.
Traders exhibit a cautious stance as anticipated fluctuations loom. While no official statements are available from project leaders, tokenomics analysts like Tokenomist emphasize the significance, noting on Twitter/X,
Major unlocks are set for Undeads Games, Venom, and AltLayer
with respective tokens valued at $14.9 million, $7.9 million, and $6.9 million. Undeads Games will release 21.94 million tokens, accounting for 30.54% of its current circulation, on April 27, while Venom plans to unlock 59.26 million tokens. AltLayer will release 240 million tokens, constituting 7.92% of its circulation by April 25.
Market sentiment suggests a “buy-the-dip” opportunity sentiment, especially for UDS and ALT, due to expected short-term sell pressure.
Weekly Insider Unlocks: $UDS (20.58%) – $11.49m; $ALT (3.32%) – $2.55m…
Market Impact and Community Sentiment
Did you know? The upcoming AltLayer token unlock will release 240 million tokens, constituting one of the largest unlock percentages for the week, potentially influencing speculative buying akin to previous large unlock events.
CoinMarketCap data highlights Undeads Games at a current price of $0.68, with a market cap of $31.15 million and a 24-hour trading volume decline of -2.49%. Recent price trends show a 3.39% decrease over 24 hours, yet notable 60-day and 90-day gains of 48.94% and 625.44%, respectively, indicating possible volatility ahead source: CoinMarketCap.
Coincu research underscores possible substantial market impacts from these unlocks. Traders should anticipate liquidity shifts as circulating tokens increase significantly. The local community remains vigilant, especially as regulators and exchanges have yet to comment officially.
Source: https://coincu.com/333177-major-token-unlocks-next-week/