Token

Impact

April

when

<p>The post <a href="https://coinpedia.org/news/aprils-unlock-saga-analyzing-the-impact-of-token-releases-on-crypto/">April’s Unlock Saga: Analyzing the Impact of Token Releases on Crypto</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As April approaches, the crypto market braces for a wave of token unlocks, with 330 billion dollars worth of tokens set to enter circulation across various projects. Token unlocks, while sometimes viewed as potential sell pressure, also present opportunities for investors.&nbsp;</p> 
<p>The market is on its edge with the largest unlock on April 15 by BitDAO (BIT) will release nearly $1 billion worth of tokens, followed by APECoin (APE) with over $66 million and Aptos (APT) with over $52 million worth of tokens set to be unlocked.</p> 
<p>Let’s delve into five standout projects <a href="https://x.com/wacy_time1/status/1773744504119390413?s=20">identified </a>by crypto analyst AlΞx Wacy:</p> 
<h2 class="wp-block-heading" id="h-analysing-top-5-tokens-stand-out-nbsp"><strong>Analysing Top 5 Tokens Stand Out&nbsp;</strong></h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="ht" dir="ltr">Large token unlocks in April <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">:<br>• <a href="https://twitter.com/search?q=%24DYDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DYDX</a> – $117M April 1<br>• <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SUI</a> – $129M April 3<br>• <a href="https://twitter.com/search?q=%24EEFI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$EEFI</a> – $12M April 4<br>• <a href="https://twitter.com/search?q=%24DYM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DYM</a> – $23M April 6<br>• <a href="https://twitter.com/search?q=%24GMT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GMT</a> – $40M April 9<br>• <a href="https://twitter.com/search?q=%24CGPT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CGPT</a> – $15M April 10<br>• <a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$APT</a> – $428M April 12<br>• <a href="https://twitter.com/search?q=%24NGL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NGL</a> – $35M April 12<br>• <a href="https://twitter.com/search?q=%24SEI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SEI</a> – $106M April 15<br>• <a href="https://twitter.com/search?q=%24ZBC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ZBC</a> – $11M April 15<br>•… <a href="https://t.co/Nq3r0oGjTM">pic.twitter.com/Nq3r0oGjTM</a></p>— AlΞx Wacy 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@wacy_time1) <a href="https://twitter.com/wacy_time1/status/1773744504119390413?ref_src=twsrc%5Etfw">March 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="h-entangle-ngl-unlock-35m-on-april-12"><strong>Entangle (NGL) – Unlock: $35M on April 12</strong></h3> 
<p>The analyst has a keen interest in Entangle’s $35 million unlock that coincides with several catalysts, including its mainnet launch and staking features. With NGL positioned as the gas token for the BORPA launch, bullish sentiments are prevalent, with some predicting targets exceeding $10. The potential for substantial ecosystem growth may mitigate significant sell pressure.</p> 
<p>Also Check Out The: <a href="https://coinpedia.org/news/top-4-altcoin-picks-with-10x-100x-gains-for-the-2024-crypto-bull/">Top Altcoins Set for 10x-100x Gains in the Crypto Bull Run of 2024</a></p> 
<h3 class="wp-block-heading" id="h-aptos-apt-unlock-428m-on-april-12"><strong>Aptos (APT) – Unlock: $428M on April 12</strong></h3> 
<p>Despite Aptos’ massive $428 million unlock, analyst suggests that the alt season may not have peaked, potentially allowing APT to appreciate further before any significant selloff occurs. However, shorting APT around this unlock could be considered risky.</p> 
<h3 class="wp-block-heading" id="h-dymension-dym-unlock-23m-on-april-6"><strong>Dymension (DYM) – Unlock: $23M on April 6</strong></h3> 
<p>In the meanwhile, Dymension’s unlock, primarily a linear token endowment for the ecosystem, is unlikely to exert significant sell pressure. The perk of staking rewards may continue to attract investors, driving both price appreciation and participation in staking.</p> 
<h3 class="wp-block-heading" id="h-starknet-strk-unlock-141m-on-april-15"><strong>Starknet (STRK) – Unlock: $141M on April 15</strong></h3> 
<p>Positioned as a ZK-rollup, Starknet presents a promising investment opportunity with potential returns of 3x-5x from current levels. The unlock coinciding with the accumulation phase before a potential rally aligns with investor sentiments seeking profit maximization over the long term.</p> 
<h2 class="wp-block-heading" id="h-altlayer-alt-unlock-61m-on-april-25"><strong>AltLayer (ALT) – Unlock: $61M on April 25</strong></h2> 
<p>Rounding off the list with the next-gen blockchain, AltLayer taps into the narrative of identifying high-return opportunities in bull markets. While still speculative, ALT appeals to investors seeking higher risk/reward exposure, especially when considering sizable positions.</p> 
<p>Overall, the market will closely monitor these token unlocks and their impact on token prices and project trajectories. As always, investors are urged to conduct thorough research and exercise caution when navigating the volatile crypto landscape.</p> 
<p>Read More: <a href="https://coinpedia.org/news/when-is-bitcoin-halving-2024-what-to-expect-for-btc-price/">Bitcoin Halving is Coming! What to Know About BTC Price in April 2024</a></p>

April’s Unlock Saga: Analyzing the Impact of Token Releases on Crypto

Table of Contents

CoinPedia News

Other articles published on Mar 30, 2024

Investors Looking for Massive ROI Explore Raboo, The Graph, and Solana

Detained Binance Executive Tigran Gambaryan Seeks Justice, Sues Nigerian Government

The VC Whisperer Simplifies Access to Venture Capital and Fundraising in the Crypto Ecosystem

Koala Coin (KLC) Ignites Interest in Litecoin (LTC) and Cardano (ADA) Investors with a Potential ...

April Madness: Get Ready To Dominate With These 8 Top Altcoins To Invest in 2024

Dr Disrespect Reacts to Fan’s 3D Video Depicting Streaming Career Saga

Join our free newsletter for daily crypto updates!