Token

Immutable

Ribbon Finance

<p>According to an analysis shared by <a href="https://twitter.com/CoinPostMedia/status/1759594454627848686" target="_blank" rel="noopener noreferrer nofollow">CoinPost</a>, over $350 million worth of token unlock events stand to hit select crypto assets this week. Led by Layer 2 newcomer AltLayer’s nine-figure unlock, traders eye whether fragile market sentiment gets tested by the influx of token distributions.</p>
<h2 class="wp-block-heading" id="strong-altlayer-headlines-with-131-million-token-release-strong"><strong>AltLayer Headlines With $131 Million Token Release</strong></h2>
<p>Interoperability protocol AltLayer (ALT) sits at the top of this week’s token unlock leaderboard. With $131.07 million worth of locked ALT tokens set to be released from vesting schedules, the amount equals over 27% of AltLayer’s current market cap.</p>
<p>As a recently issued project, the potential selling pressure poses a major test – especially given the overall crypto market turbulence persisting into February. Still, AltLayer’s technology offering cross-chain messaging functionality to external blockchains while settling transactions via Arbitrum Nova presents intriguing utility.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="550" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-1024x550.png" alt="" class="wp-image-441082" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-1024x550.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-766x412.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-1536x826.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-2048x1101.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-279x150.png 279w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-651x350.png 651w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747-788x423.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-747.png 1399w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-heavyweight-names-also-look-vulnerable-strong"><strong>Heavyweight Names Also Look Vulnerable</strong></h2>
<p>Beyond AltLayer, additional layer 2 chain ImmutableX (IMX) comes next with $114.78 million unlock this week. The NFT-focused scaling solution also contends with broad industry headwinds stemming from secondary sales slowdowns.</p>
<p>Other unlocks of $50 million-plus arrive for the decentralized exchange protocol GT-Protocol (GTAI) and the F1 racing league Alpine F1 (ALPINE) with $16.28 million. With macro conditions still fragile, even bluechip DeFi names like dYdX (DYDX – $20.34 million unlock) look susceptible to a sentiment downturn.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>History shows large token unlock events tend to spark temporary relief rallies, either on bulls buying the dip, or bears covering positions into the known selling event. Though crypto is failing to mount much upside despite positive macro cross-currents, anxious traders may opt for protection this time around.</p>
<p>But AltLayer and its emerging ecosystem peers like protocols Ribbon Finance (RBN) ($11.4 million) and Space ID (ID) ($11.44 million) face uphill adoption battles regardless of token price action.</p>
<p>Usability, transaction volumes, and treasury management present far greater long-term priorities than near-term turbulence. Still, whether markets shrug off or overreact to this week’s nine-figure distributions may provide a wider signal to the psyche. At some point, solid technology has to override fickle sentiment.&nbsp;&nbsp;</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/kaspas-kas-token-soars-to-new-heights-surpassing-cosmos-atom-and-theta-tao/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO)</a></li>
 <li><a href="https://captainaltcoin.com/filecoin-fil-eyes-tripling-to-25-as-technicals-turn-bullish-and-solana-partnership-catalyzes-growth/" target="_blank" rel="noopener noreferrer nofollow">Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth</a></li>
 <li><a href="https://captainaltcoin.com/the-5-best-altcoins-to-watch-in-february-2024-which-altcoin-will-explode-in-2024/" target="_blank" rel="noopener noreferrer nofollow">The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/top-7-token-unlocks-for-this-week-including-altlayer-alt-immutable-imx-and-dydx/" rel="noopener noreferrer nofollow">Top 7 Token Unlocks For This Week Including AltLayer (ALT), Immutable (IMX) and DYDX</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top 7 Token Unlocks For This Week Including AltLayer (ALT), Immutable (IMX) and DYDX

Table of Contents

CaptainAltcoin

Other articles published on Feb 20, 2024

Surprisingly Bullish Ethereum Whale Makes Unexpected Move on BTC Stash

Cardano and Polygon Investors Look To Move Their Wealth to This New Presale Set To Take the Marke...

Bitcoin to Win As Stocks Eye Major Crash: Max Keiser

Why Michael Saylor wants you to ‘Sell your gold, buy Bitcoin’

Bitcoin’s Ascent Continues as It Gains Wider Acceptance

Bankrupt Crypto Exchange Suspected of Moving Funds to Evade AML Checks

Join our free newsletter for daily crypto updates!