Crypto Market Braces for $549 Million Token Unlocks Next Week

Next week, several major cryptocurrency tokens are scheduled for significant unlocks, including AVAIL, VENOM, ALT, SAHARA, and SOON. These unlocks are expected to introduce a substantial number of tokens into the circulating supply, potentially impacting market dynamics. The total amount of tokens unlocked in the next seven days will likely exceed $549 million, with large-scale linear unlocks exceeding $1 million per day.

AVAIL is set to unlock approximately 972 million tokens on July 23, representing 38.23% of the current circulating supply, with a value of about $18.9 million. VENOM will unlock approximately 59.26 million tokens on July 25, accounting for 2.84% of the current circulation, with a value estimated to be approximately $13.4 million. ALT will unlock approximately 240 million tokens on July 25, accounting for 6.39% of the current circulation, with a value estimated to be approximately $8.9 million. SAHARA will unlock approximately 84.27 million tokens on July 26, accounting for 4.13% of the current circulation, with a value estimated to be approximately $6.9 million. SOON will unlock approximately 41.88 million tokens on July 23, representing 22.41% of the current circulation, with a value estimated to be approximately $6.1 million.

Additionally, large-scale linear unlocks are expected for tokens such as SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, NEAR, ETHFI, JTO, and FIL, exceeding $1 million per day. These unlocks could potentially influence market sentiment and token prices, as a large influx of tokens can sometimes lead to increased selling pressure.

With a significant amount of tokens releasing next week, it is likely to lead to increased market activity and volatility. As the large number of tokens released could lead to driving down the prices, industry investors are likely to monitor the situation closely. Some crypto experts suggest that this could result in a reshaped crypto market, while short-term volatility is expected. Another possible scenario is that it could also lead to a positive outcome of project stability to maintain long-term investor confidence.

The actual impact on the market will depend on various factors, including investor behavior and overall market conditions. It is important to note that while these unlocks could potentially drive down prices due to increased selling pressure, they could also provide an opportunity for projects to demonstrate stability and maintain investor confidence in the long term.