There are over $280 million worth of token unlocks pending, including ARB, APT, and AVAX. Will the supply derail altcoin performance?
Aptos is set to unlock tokens worth over $70 million on the 12th of July. Additionally, ARB will unlock $66.6 million worth of tokens on the 15th of July, closely followed bywill join the supply schedule and unlock $245 million worth of its tokens.AMBCrypto’s evaluation of June’s token unlocks indicated that there was varied token price performance before and after the unlock schedule.after its mid-June unlock worth $105 million.
The upcoming $66 million worth of token supply would make it challenging for ARB to break the downtrend line and move above $0.76.APT also recorded significant losses from recent drawdowns. However, it bounced firmly from $5 and could eye $7 or the previous range-low above $7.5. However, the unlock schedule could complicate matters.
Notably, APT fell 20% after unlocking over $100 million worth of tokens in June. This could repeat, especially ifHowever, if the negative market sentiment reverses and BTC turns bullish, the impact of the unlocks on altcoins could be minimized.
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