The cryptocurrency market is on the brink of experiencing significant price shifts, particularly for 18 altcoins. This change is driven by the anticipated release of $81 million worth of tokens into the market in the upcoming week.
According to data from the Tokenomist.AI App, these token unlocks are causing considerable apprehension among investors about the potential devaluation of these coins. Market participants are closely monitoring the situation to determine the impact of the influx of these tokens on the overall market conditions.
The expected release of tokens is generally perceived as a negative market event, as it often leads to increased supply, which can result in downward pressure on prices. This scenario is particularly concerning for the mentioned altcoins as they brace for the potential market reactions.
