Six altcoins are set to experience significant token unlocks worth over $138 million next week, potentially impacting market supply and prices. These tokens include AltLayer (ALT), Space ID (ID), Ethena (ENA), Yield Guild Games (YGG), Galxe (GAL), and Acala (ACA).
AltLayer will unlock 684.21 million ALT, valued at $111.01 million, on July 25, equivalent to 42.08% of its supply, causing investor concerns. Space ID will release 18.49 million ID, worth $9.01 million, on July 22, making up 4.29% of its supply. Ethena will unlock 14.89 million ENA, valued at $7.32 million, on July 21, representing 0.87% of its supply.
Yield Guild Games will open up 14.08 million YGG, worth $7.56 million, on July 27, totaling 3.74% of its supply. Galxe will unlock 1 million GAL, valued at $3.60 million, on July 24, making up 0.85% of its supply. Acala will release 4.66 million ACA, worth $340.03k, on July 25, representing 0.46% of its supply.
These unlocks are critical for market participants as they could influence liquidity and price volatility in the short term. Strategic long-term planning is essential to navigate potential market fluctuations.
