Altcoin Market Prepares for Significant Token Unlocks
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 21 2024Upcoming Token Unlocks: The altcoin market is set for significant activity with $208.53 million worth of tokens being unlocked across 26 altcoins in the next week, including Near Protocol, XPLA, and MintLayer, which will impact market dynamics.
Investor Behavior Post-Unlock: Historical data shows that after token unlocks, investors typically either sell their tokens for profit or reinvest them in other protocols, influencing price movements and market conditions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
