Crypto Market Faces 13.74% Ethereum Drop Amid 11 Altcoin Unlocks

The cryptocurrency market is experiencing a challenging week, with Bitcoin and Ethereum both facing significant losses. Bitcoin has decreased by 5.72% over the past week, currently trading at $99,140. Ethereum has seen even more substantial losses, dropping by 13.74% and hovering around $2,184. Amidst this volatile environment, several altcoins are scheduled for massive token unlocks, which could further impact market dynamics.

This week, 11 altcoins are set to undergo significant token unlocks, which could potentially influence their prices and market sentiment. The token unlocks are scheduled at specific times throughout the week, with notable altcoins including SoSoValue (SOSO), Resolv Labs (RESOLV), and Venom (VENOM). These unlocks will introduce a substantial number of new tokens into the market, which could lead to increased selling pressure and potential price volatility.

SoSoValue (SOSO) will unlock tokens worth $3.36 million, equivalent to 5.88% of its market cap, on June 24, 2025, at 03:00. Resolv Labs (RESOLV) will unlock tokens worth $11.60 million, or 42.58% of its market cap, on the same day at 15:00. Venom (VENOM) will unlock tokens worth $9.66 million, or 2.73% of its market cap, on June 25, 2025, at 03:00. GateToken (GT) will unlock tokens worth $104.16 million, or 5.42% of its market cap, on June 26, 2025, at 03:00. Amnis Finance (AMI) will unlock tokens worth $1.09 million, or 31.07% of its market cap, on the same day at 03:00. Funtico (TICO) will unlock tokens worth $3.13 million, or 20.66% of its market cap, on June 27, 2025, at 03:00. Axel (AXL) will unlock tokens worth $4.09 million, or 1.26% of its market cap, on the same day at 08:00. Yield Guild Games (YGG) will unlock tokens worth $1.15 million, or 1.68% of its market cap, on June 27, 2025, at 17:00. Grass (GRASS) will unlock tokens worth $4.05 million, or 1.28% of its market cap, on June 28, 2025, at 03:00. Maverick Protocol (MAV) will unlock tokens worth $2.09 million, or 9.11% of its market cap, on the same day at 03:00. Open Campus (EDU) will unlock tokens worth $2.43 million, or 5.16% of its market cap, on June 28, 2025, at 18:00.

These token unlocks are critical events for these altcoins as they can significantly influence market sentiment and investor behavior. The introduction of a large number of new tokens into the market can lead to increased selling pressure, potentially driving down prices. However, these events also present opportunities for traders to capitalize on price movements and technical patterns. Investors and traders should closely monitor these events and be prepared for potential volatility in the market.

Ask Aime: How will the upcoming altcoin token unlocks affect the cryptocurrency market?