$446 Million in Tokens to Be Unlocked This Week — Will It Spark a New Wave of Volatility?
According to Tokenomist, between October 13 and 20, altcoins worth more than $446 million will enter the crypto market. This suggests that traders should brace for a new wave of volatility.
The leader in terms of unlock volume will be the FTN project. Around 4.62% of its total supply—valued at $40.2 million—will be released this week. The CONX team will unlock 3% of its tokens, worth approximately $32.93 million.
Other major unlocks include 92.65 million ARB (1.71%) worth nearly $30.69 million, and 618 million DRB (17.59%), though the latter’s total value remains modest at $18.28 million.
Additional tokens to watch this week include STRK, SEI, ZK, and APE. While their unlocks will be smaller, they could still influence market prices.
The most anticipated unlocks—by significance rather than size—are SOL ($97.75 million), WLD ($37 million), TRUMP ($30.42 million), and DOGE ($20.31 million).
Although Bitcoin continues to dominate the market, experts believe that massive token unlocks could push the flagship asset into a more “risk-prone” phase relative to altcoins.
According to crypto analyst Dan Gambardello, current market conditions resemble early 2021, the period that preceded a major altcoin rally.
See also: "Bitcoin Price Today: Falls to $113K Amid U.S.–China Trade Tensions"
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