Altcoin
Altcoins To Dump Ahead As $81M Token Unlocks Approach
The crypto realm prepares for a dynamic shift in prices of 18 altcoins, primarily attributable to looming token unlocks ahead. Recent data from the Tokenomist.AI App suggests that nearly $81 million worth of coins will be released into the market over the coming week. These unlocks have raised severe market concerns over the coins’ future prices, as the supply of 19 coins stands poised to increase substantially.
Here’s a brief report on the cryptocurrencies that are set to face this bearish phenomenon ahead, per the latest market data.
19 Altcoins To Face Token Unlocks Ahead
Tokenomist app revealed that 19 coins that are to face unlock ahead include MRS, AITECH, ID, TRIBLE, ADA, KARRAT, ENA, EIGEN HTM, GTAI, C98, GAL, HOOK, GSWIFT, PYR, ACA, MOCA, and KPN. Let’s dig deeper into the upcoming unlocks and the mentioned coins’ current price action.
Metars Genesis
Metars Genesis (MRS) is readying for an unlock of 10 million coins worth $15.70 million as of October 24. This unlock is equivalent to a remarkable 11.87% of the token’s circulating supply. Nevertheless, MRS price traded up nearly 1% from yesterday, reaching $1.67. The coin’s intraday low and high were $1.56 and $1.59, respectively.
Space ID
Space ID (ID) stands strong to witness an unlock of 18.49 million coins, worth $7.10 million, as of October 22. The unlock is equivalent to 4.29% of the token’s circulating supply, raising investor concerns. ID price gained nearly 2.5% over the past day and is now trading at $0.3839. The coin’s intraday low and high were $0.3707 and $0.3876, respectively.
Tribal Token
Tribal Token (TRIBL) readies to face an unlock of 9.60 million coins, worth $6.37 million, as of October 22. This unlock equals 8.30% of the altcoin’s circulating supply. TRIBL price slipped nearly 5% over the past day and is now trading at $0.6698. The token’s 24-hour low and high were recorded as $0.6561 and $0.738, respectively.
Cardano
Cardano (ADA) is all set to experience an unlock of 18.53 million coins, worth $6.58 million, as of October 22. The unlock totals 0.05% of the coin’s circulating supply. ADA price soared nearly 2.5% today and is currently sitting at $0.3545. The coin’s intraday low and high were $0.3443 and $0.3566, respectively.
Karrat
Karrat (KARRAT) is to witness an unlock of 11.36 million coins, worth $6.76 million, as of October 23. The massive unlock equals 7.93% of the altcoin’s circulating supply. Nevertheless, despite the looming risk, KARRAT price surged nearly 10% intraday to reach $0.5864. Its 24-hour low and high were $0.5299 and $0.6526, respectively.
Ethena
Eythena (ENA) is preparing to experience a significant unlock of 12.86 million ENA, worth $5.33 million, on October 23. The unlock stands equal to 0.47% of the crypto’s circulating supply. Besides, ENA price pumped over 6% in the past 24 hours and is now trading at $0.4135. Its intraday low and high were $0.3886 and $0.4399, respectively.
EigenLayer
EigenLayer (EIGEN) stands primed to witness an unlock of 1.29 million coins, worth $4.70 million, as of October 22. This unlock totals 0.59% of the altcoin’s circulating supply. However, even EIGEN price soared 6.29% to $3.65 today despite the looming bearish phenomenon. The coin’s 24-hour low and high were $3.42 and $3.71, respectively. Also, it’s noteworthy that the EigenLayer X account was hacked recently, bringing additional attention to the token in light of looming the unlock.
Hatom
Hatom (HTM) is to experience an unlock of 5.39 million coins, worth $5.23 million, on October 20. The unlock is equivalent to a staggering 14.69% of the coin’s circulating supply. Meanwhile, HTM price dipped nearly 6% over the past day and is now trading at $0.9715. The crypto’s intraday low and high were $0.9679 and $1.07, respectively.
GT Protocol
GT Protocol (GTAI) is readying for an unlock of 2.60 million coins, worth $2.11 million, as of October 21. This unlock equals a considerable 7% of the token’s circulating supply. Aligning with the risk, GTAI price dipped 5% today and is trading at $0.8118. Its 24-hour low and high were $0.7939 and $0.8678, respectively.
Coin98
Coin 98 (C98) stands poised to face an unlock of 16.53 million coins, worth $2.14 million, as of October 23. This unlock weighs equal to 2% of the crypto’s circulating supply. Besides, C98 price witnessed a 2.5% increase in value to $0.1296 today. Its intraday low and high were recorded as $0.1247 and $0.1339, respectively.
Hooked Protocol
Hooked Protocol (HOOKED) is primed to witness an unlock of 8.33 million coins, worth $3.82 million, as of October 21. The unlock is equivalent to 4.27% of the altcoin’s circulating supply. Nevertheless, HOOKED price soared nearly 4% over the past day and is now trading at $0.4588. The coin’s intraday low and high were $0.4382 and $0.495, respectively.
Venom
Venom (VENOM) is poised to face an unlock of 33.76 million coins, worth $2.85 million, on October 25. This unlock totals 1.80% of the token’s circulating supply. VENOM price jumped slightly, up 1% over the past day to $0.08442. Its intraday low and high were $0.08208 and $0.08443, respectively.
GameSwift
GameSwift (GSWIFT) is readying to witness an unlock of 18.07 million coins worth $1.09 million as of October 21. This unlock is equivalent to 4.47% of the altcoin’s circulating supply. GSWIFT price is up nearly 1% today and is trading at $0.0604. The coin’s 24-hour low and high were $0.05937 and $0.06121, respectively.
Vulcan Forged
Vulcan Forged (PYR) is preparing for an unlock of 248.02K coins worth $647.32K as of October 25. This unlock totals 1.04% of the coin’s circulating supply. PYR price traded at $2.61 today, up nearly 2% intraday. Its 24-hour low and high were $2.52 and $2.67, respectively.
Acala
Acala (ACA) is to face an unlock of 4.66 million coins, worth $277.64K, as of October 25. This unlock totals 0.43% of the crypto’s circulating supply. ACA price jumped 1% over the past day and is now trading at $0.05866. The altcoin’s intraday low and high were $0.05791 and $0.06044, respectively.
Moca Coin
Moca Coin (MOCA) is eyeing an unlock of 44.08 million coins, worth $3.44 million, as of October 25. This unlock totals 3.4% of the crypto’s circulating supply. MOCA price dipped nearly 2% over the past day to reach $0.07756. The coin’s intraday low and high were $0.07654 and $0.07872, respectively.
KonnektVPN
KonnektVPN (KPN) stands poised for an unlock of 18 million coins, worth $85.67K, as of October 20. The unlock totals 0.73% of the coin’s circulating supply. KPN price slipped nearly 8% over the past day and is trading at $0.004761. Its intraday low and high were $0.004639 and $0.005148, respectively.
Meanwhile, CoinGape Media previously spotlighted a stockpile of other altcoins to sell in light of massive token unlocks, such as the ones mentioned above.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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