This week, the cryptocurrency market is poised for several substantial altcoin unlock events that could influence trading dynamics. Data from Token Unlocks reveals that prominent projects like SOLV, APE, and OM will have considerable amounts of coins released into circulation. Traders are advised to monitor these developments closely, as they may significantly impact the pricing of these altcoins.
Which Altcoins Are Unlocking This Week?
How Will Coin Unlocks Affect Prices?
When coins are unlocked for an altcoin, it increases the total supply, often leading to price reductions. A key event this week is the unlocking of Solv Protocol (SOLV), where 117 million SOLV coins, equal to 7.93% of its circulating supply and valued at roughly $5 million, will be released today at 10:00 AM (UTC). Furthermore, ApeCoin (APE) will see 15.6 million coins unlocked at 12:30 PM, which accounts for 1.95% of its available stock, worth about $8 million.
On March 18, at 12:00 PM (UTC), QuantixAI (QAI) will unlock 566,000 coins, which is a staggering 3,960% of its circulating supply valued at approximately $41.4 million. Fasttoken (FTN) will also have its unlock event at the same time, releasing 20 million FTN coins valued at $79.8 million, representing 4.65% of its supply.
Additionally, various other altcoins are scheduled for unlocks this week. For instance, on March 18, Melania (MELANIA) will release 26.25 million coins, amounting to 17.50% of its total supply, valued at $17.6 million. On March 19, Polyhedra Network (ZKJ) is set to release 15.53 million coins, representing 25.72% of its circulating supply, worth approximately $31.8 million.
- Solv Protocol (SOLV) unlocks 117 million coins today.
- ApeCoin (APE) will unlock 15.6 million coins later today.
- QuantixAI (QAI) set to release 566,000 coins on March 18.
- Fasttoken (FTN) will unlock 20 million coins on the same day.
- Upcoming unlocks include Melania (MELANIA) and Polyhedra Network (ZKJ).
With multiple altcoins facing significant coin unlocks this week, traders should prepare for potential market volatility. The impact of these events on pricing remains to be seen, but the sheer volume of unlocked coins could create notable price shifts across various digital assets.
