Several altcoins are set to unlock large portions of their token supply this week, potentially leading to short-term selling pressure.
Key unlock events include Aptos (APT) unlocking $52.82 million worth of tokens, Immutable (IMX) releasing $12.56 million, Starknet (STRK) unlocking $16.44 million, Move (MOVE) with an imminent unlock of $7.26 million, 1INCH unlocking $4.29 million, IOTA releasing $2.72 million, Axie Infinity (AXS) with a scheduled unlock of $1.55 million, Render (RNDR) unlocking $1.88 million, and Moca (MOCA) seeing a modest $206,000 unlock.
These unlock events could impact market prices, especially for tokens with low circulating supply or significant unlock amounts relative to market cap.
It is advisable to monitor these token unlocks closely for potential short-term volatility.