Major Altcoins Set for Token Unlocks in Upcoming Days

According to CryptoPotato, several altcoins with large market capitalizations are expected to undergo token unlocks in the coming days. These events often lead to price fluctuations due to shifts in supply and demand dynamics. However, the entities involved have experienced multiple unlocks in the past and are likely to mitigate the market impact. Aptos (APT) is the first on the list, with data from Token Unlocks indicating that the protocol will release approximately 7.35% of its total supply in eight days, valued at around $240 million at current prices. Next is SAND, the native cryptocurrency of the popular Sandbox ecosystem, which will unlock $90 million worth of tokens in 10 days. Smaller unlocks are expected from APE, MANTA, and ROSE, with each releasing around $20 million worth of coins in thirteen, fourteen, and fifteen days, respectively. The largest unlock will come from the largest altcoin by total market capitalization, AVAX. Avalanche is set to release $340 million worth of AVAX in about 18 days. It remains to be seen how the market will react to these upcoming unlocks and whether they will impact the respective altcoins.