Over $138M in Tokens Unlock Liquidation Risks Next Week

Altcoin News: The latest update to the Token Unlocks app reveals that six altcoins are preparing to feel the heat of increased market supply in the coming week. This is attributed to massive token unlocks, a phenomenon in which previously locked tokens are periodically released into the market.

In particular, $138.8 million in reef clearances are approaching certain targets altcoins in the coming days. These tokens include AltLayer (ALT), Sace ID (ID), Ethena (ENA), Galxe (GAL), Yield Guild games (YGG), and Acala (ACA).

Here is a short report on the unlock tokens which could represent important altcoin news for cryptocurrency market participants.

Alt Level (ALT)

AltLayer cryptocurrency is set to record the unlocking of a whopping 684.21 million ALT, worth $111.01 million, on July 25. This equates to 42.08% of the circulating supply, raising serious concerns among investors about future market implications.

ALT price was trading at $0.1619 at press time, up 5.29% from the previous day. Its 24-hour low and high are $0.1572 and $0.1729, respectively.

Space ID (ID)

The Space ID token will see the unlocking of 18.49 million IDs, worth $9.01 million, on July 22. This equates to 4.29% of the coin’s circulating supply.

ID price traded at $0.4875, up 5.70% from yesterday. token The 24-hour lows and highs were $0.4607 and $0.5011 respectively.

Ethena (ENA)

Ethena is set to unlock 14.89 million ENA, worth $7.32 million, on July 21. This is equivalent to 0.87% of the coin’s circulating supply.

ENA price traded at $0.493 today, up 6.97% from the previous day. Ethena’s 24-hour highs and lows were recorded at $0.4699 and $0.5116, respectively.

Yield Guild Games (YGG)

Cryptocurrency Yield Guild Games will unlock 14.08 million YGG, worth $7.56 million, on July 27. This is equivalent to 3.74% of the coin’s circulating supply.

YGG price was traded at $0.5369, up 2.97% from the previous day. The token’s 24-hour lows and highs were $0.5183 and $0.555, respectively.

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Galla (GAL)

Altcoin Galxe is gearing up to unlock 1 million GAL, worth $3.60 million, on July 24. This equates to 0.85% of the circulating supply.

GAL price today stood at $3.58, down 5.78% from the previous day. The 24-hour low and high were $3.54 and $3.92, respectively.

Acala (ACA)

Acala is set to unlock 4.66 million ACA, worth $340,030, on July 25. This is equivalent to 0.46% of the coin’s circulating supply.

The price of ACA stood at $0.07291, up 2.53% from yesterday. cryptocurrency The 24-hour lows and highs were $0.07132 and $0.0759 respectively.

In particular, the unlocks of the above-mentioned tokens remain highly watched by market participants, as investor concerns about this altcoin news persist, mainly due to the increase in supply.

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