Token

Immutable

Starknet

Aptos

<img decoding="async" width="1200" height="675" src="https://coingape.com/wp-content/uploads/2024/06/Gaming.net-86-e1717845096730.jpg" class="attachment-full size-full wp-post-image" alt="7 Altcoins To Dodge In Next Week’s Trades" style="float:right; margin:0 0 10px 10px;">
<p>The <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> realm braces for yet another dynamic shift in the prices of certain altcoins as massive token unlocks loom over the horizon.</p>
<p>Token unlocks refer to the phenomenon wherein previously locked tokens are released into the market, thus hampering supply dynamics. Massive unlocks can potentially be a potentially bearish encounter for altcoins as supply mounts up in the market.</p>
<p>Here’s a quick overview of some cryptocurrencies that are poised to take the heat of such unlocks in the upcoming week.</p>
<h2 id="7-altcoins-to-avoid-trading-next-week">7 Altcoins To Avoid Trading Next Week</h2>
<p>According to the insights streamlined by the <a href="https://token.unlocks.app/1inch" target="_blank" rel="noopener noreferrer nofollow">Token Unlocks</a> App, seven ‘cliff unlocks’ will happen in the coming seven days, releasing $237.46 million worth of cryptos into the market. The altcoins that stand to bore the brunt include:</p>
<h2 id="aptos-apt">Aptos (APT)</h2>
<p>Aptos (APT) will experience a token unlock of 11.31 million APT coins, worth $96.36 million, on June 12. This totals 2.58% of the coin’s circulating supply.</p>
<p>APT’s price already slipped 8% to $8.39 over the past day. The token could further witness bearishness as supply increases with such unlocks.</p>
<h2 id="starknet-strk">Starknet (STRK)</h2>
<p>Starknet (STRK) stands firm to face the unlock of 64 million STRK coins, worth $76.16 million, on June 15. The amount was evaluated to be 4.92% of the total circulating supply.</p>
<p>Meanwhile, STRK price slipped 11.21% to $1.17 today, making it a bearish coin to trade this week.</p>
<h2 id="immutable-imx">Immutable (IMX)</h2>
<p>Immutable (IMX) is to witness a token unlock of 25.53 million coins, worth $53.36 million, on June 14. This totals to be 1.72% of the coin’s circulating supply.</p>
<p>IMX fell 7.83% over the past day to $2.05, whereas further supply gains might push the price further down.</p>
<h2 id="cyber">CYBER</h2>
<p>CYBER will experience a token unlock of 886.12K tokens, worth $7.47 million, on June 14. This equals 3.96% of the crypto’s circulating supply.</p>
<p>Even CYBER’s price tumbled 7.04% to $8.45 in the past 24 hours.</p>
<h2 id="dydx-dydx">dydx (DYDX)</h2>
<p>Another altcoin on the list, DYDX, will witness the unlocking of 1.55 million coins, worth $2.94 million, on June 11. This is equivalent to 0.55% of the circulating supply.</p>
<p>DYDX price plunged 11.39% from yesterday to $1.90.</p>
<h2 id="moonbeam-glmr">Moonbeam (GLMR)</h2>
<p>Moonbeam’s token unlock consists of 3.04 million coins, worth approximately $950K, set to occur on June 11. This amount is relatively less than that of other coins, as it totals only 0.35% of the circulating supply.</p>
<p>Nonetheless, GLMR price saw a 9.04% decline to $0.3063.</p>
<p><strong>Also read: <a href="https://coingape.com/binance-execs-wife-criticizes-us-delayed-response-in-nigeria-trial/" target="_blank" rel="noopener noreferrer nofollow">Binance Exec’s Wife Criticizes US Delayed Response In Nigeria Trial</a></strong></p>
<h2 id="1inch-1inch">1inch (1INCH)</h2>
<p>Lastly, 1inch will witness a 36.43K tokens unlock on June 9, worth $17.45K. This totals 0.06% of the coin’s circulating supply.</p>
<p>1INCH price fell 2.19% to $0.4798 over the past day.</p>
<p>Besides, it’s also worth mentioning that altcoins’ tumbled price action mirrors the broader <a href="https://coingape.com/crypto-market-selloff-here-why-bitcoin-eth-sol-xrp-doge-slips-today/" target="_blank" rel="noopener noreferrer nofollow">crypto market’s</a> movement.</p>
<p><strong>Also Read: <a href="https://coingape.com/an-eth-foundation-wallet-deposits-56-million-in-eth-on-kraken-eth-price-drop-soon/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Foundation Wallet Deposits $56 Million in ETH on Kraken, ETH Price Drop Soon?</a></strong></p>
<p>The post <a href="https://coingape.com/7-altcoins-to-dodge-next-week-trades/" rel="noopener noreferrer nofollow">7 Altcoins To Dodge In Next Week’s Trades</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

7 Altcoins To Dodge In Next Week’s Trades

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