Token Unlock Schedules Peaked and Are Cooling Off - Altcoins to Watch
CryptoNewsTerminal Staff09 Aug, 2024
Token Unlock Schedules Peaked and Are Cooling Off - Altcoins to Watch
The latest report from CryptoRank indicates that the token unlock schedule has peaked and is now declining. In June, the value of tokens unlocked peaked at $4.1 billion and dropped to $3.2 billion in July. This trend is set to continue, dropping to $573 million in November. A cooling-off period in unlocks could alleviate significant sell pressure for altcoins. Some altcoins with no unlock schedule for this year include: - ZKSync (ZK): No unlock until June 17th, 2025 - Zilliqa (ZRO): No unlock until June 20th, 2025 - Pyth Network (PYTH): No unlock until May 20th, 2025 - REN (REZ): No unlock until April 30th, 2025 - Eterna (ENA): No unlock until April 2nd, 2025 Investors may want to consider these altcoins as they are less likely to face sell pressure from token unlocks.
