Altcoins
THESE Altcoins Will Experience a Massive Crash This Week: Here’s Why
Understanding the importance of token unlocking is like solving a puzzle in the world of cryptocurrency. Analyst Altcoin Buzz highlights the importance of the upcoming token unlock scheduled for May, advising investors to take note for effective portfolio management.
You won’t want to miss this! Read on to stay in the know.
Unlock times: what you need to know
In a recent video, Altcoin Buzz highlights the often overlooked but crucial aspect of token unlock schedules. These unlocks signal the release of previously locked tokens into the market, which can shake up prices as stakeholders decide whether to sell or hold their tokens.
May Token Releases: What’s Coming
Altcoin Buzz highlights four important token unlock events planned for May, focusing on projects ranked in the top 30 by market cap:
Aptos: Prepare for the release of 11.31 million APT Tokens, valued at millions of dollars. With a regular monthly unlock plan, the previous months saw a significant increase in token availability.
Aevo: Avo is preparing for a massive release of 8.13 billion tokens, worth over $1 billion, scheduled for mid-May. This version represents a huge part (80%) of its total offer and could lower its price.
PYTH network: Competing with Chainlink in the oracle field, PYTH network is preparing to release 2.13 billion tokens, valued at over $1 billion. Despite its potential, this massive release could negatively affect its price.
Avalanche: Known for its fast and scalable blockchain, avalanche will see the release of 9.54 million AVAX tokens. Even though previous releases have not caused large price movements, this event could change market sentiment.
Understanding Price Movements
While some projects may transition to token unlocking without issue, others, especially those with large releases, could face significant sell-offs, leading to temporary price drops.
Understanding the impact of token issuances highlights a crucial aspect of cryptocurrency investing. As May approaches, smart portfolio management is essential.
Also discover: Here are the top Altcoins ready to reach new heights during Altcoin Season!
Do you consider token unlocking in your investment strategy? Share your thoughts.