This week, the altcoin market is set to witness significant token unlocks, totaling over $340 million, which could impact market dynamics. Traders and investors should be vigilant as these unlocks may create volatility and affect altcoin prices.
The data from Tokenomist indicates that early investors will gain access to their tokens, which historically can lead to market drops as these investors might sell off their holdings. Traders should be cautious to avoid falling into common market traps during such events.
