Token

Major

Impact

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/upcoming-token-unlocks-will-impact-altcoin-prices/" data-wpel-link="internal">Upcoming Token Unlocks Will Impact Altcoin Prices</a> 
Next week, significant price fluctuations are anticipated in several major <a href="https://en.coin-turk.com/fantom-price-drops-20-in-24-hours/" data-wpel-link="internal">altcoin</a> projects due to <a href="https://en.coin-turk.com/floki-coin-sees-significant-growth-and-voting-initiatives/" data-wpel-link="internal">token</a> unlocks. According to data from TokenUnlocks, a total of over $214.33 million in tokens will be unlocked from October 14 to October 20, 2024. The unlocks, including major altcoin projects such as AXS, ARB, STRK, and APE, will affect supply-demand balances and reshape investor strategies. 
<h2 style="text-align: justify" id="strong-major-token-unlocks-happening-next-week-strong">Major Token Unlocks Happening Next Week</h2> 
Among the most notable token unlocks next week is the ARB token. On October 16, tokens worth a total of $48.97 million (2.56% of the circulating supply) will be unlocked. On the same day, AXS tokens worth $41.55 million will also be unlocked, releasing 6.08% of the supply. STRK and EIGEN will also have significant token unlocks, releasing tokens worth $25 million and $41.4 million, respectively. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-396770" src="https://coin-turk.com/wp-content/uploads/2024/10/GZl2k9waAAAcJTc.jpeg" alt="" width="2251" height="1080"> 
The upcoming token unlocks reflect the commitment of projects to their investors, communities, and team members. However, a sudden increase in supply may lead to heightened volatility. 
<h2 style="text-align: justify" id="strong-pros-and-cons-of-token-unlocks-strong">Pros and Cons of Token Unlocks</h2> 
Token unlocks directly affect the development process of an altcoin project and its relationship with investors. This process can test the community’s confidence in the project. While unlocks can encourage long-term commitment from token holders, they also carry risks, as sales pressure may lead to sharp price fluctuations. 
The timing of token unlocks can vary based on a project’s roadmap. Some projects unlock tokens only after reaching specific milestones, while others follow pre-determined schedules for automatic token unlocks, which is critical for transparency and trust. 
Furthermore, investors can develop new strategies with the unlocking of tokens. Some may choose to stake or hold their unlocked tokens long-term, while others might opt for selling to realize profits. However, the release of large quantities of tokens typically leads to selling pressure on prices, increasing volatility. 
The post <a href="https://en.coin-turk.com/upcoming-token-unlocks-will-impact-altcoin-prices/" data-wpel-link="internal">Upcoming Token Unlocks Will Impact Altcoin Prices</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Upcoming Token Unlocks Will Impact Altcoin Prices

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