The increasing circulating supply of altcoins is having a pronounced effect on their prices. As the supply grows, if investor demand doesn’t keep pace, prices tend to fall. The upcoming weeks will see significant increases in the circulating supplies of several altcoins.
How Will Aptos (APT) Supply Surge?
On June 12, the circulating supply of Aptos (APT) will increase by 11.3 million tokens, adding to the current 437.9 million. Aptos, known as the “Solana killer,” is experiencing rapid supply growth due to backing from venture capital. The additional tokens will be allocated to investors, the foundation, and developers.
What Impact Will Immutable (IMX) Unlock Have?
Immutable, a scaling solution for Ethereum, will see its supply expand by 25.5 million tokens on June 14. Despite the increase, the overall circulating supply of IMX is around $11.5 billion, potentially minimizing negative effects. Investments from ParaFi Capital, Declaration Partners, and Tencent Holdings have boosted the project.
On June 14 and 15, Cyber (CYBER) and Starknet (STRK) will also increase their circulating supplies. Cyber will add 886,000 tokens to its existing 22.3 million, representing 4% of the current supply. Starknet’s release of 64 million tokens will bring its total to approximately 1.3 billion, reflecting its strong global community and anticipated airdrop.
What Will the Arbitrum (ARB) Increase Mean?
Arbitrum is set for a significant supply boost on June 16, with 92.6 million additional ARB tokens to be released. With a current supply of 2.9 billion, this increase could affect its market presence. The tokens are mainly allocated to the team and advisors, potentially impacting exchange volumes.
Key Takeaways for Investors
Concretely, here are some actionable insights for investors:
- Monitor Aptos (APT) price movements closely post-June 12 due to the substantial supply increase.
- Consider the overall market context when assessing the impact of Immutable’s (IMX) token release.
- Evaluate Cyber (CYBER) and Starknet (STRK) community engagement to gauge market reaction to supply changes.
- Pay attention to Arbitrum’s (ARB) supply increase and its potential effect on exchange liquidity.
Besides these major tokens, other altcoins like Moonbeam (GLMR), dYdX (DYDX), and Render (RNDR) will also see increases, totaling around $232 million in value. Investors should stay vigilant as these changes could bring about significant price adjustments in the altcoin market.