Metaplex

Lido DAO

SPACE ID

Avalanche

Pyth Network

<p>The crypto market is gearing up for an eventful week as <a href="https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/" target="_blank">positive Ethereum ETF news</a> sparked frenzy among crypto traders. On top of that, several notable projects are set to undergo token unlocks. </p> 
<p>These unlocks, which involve the release of a substantial number of tokens into circulation, can potentially impact the prices and market dynamics of the respective cryptocurrencies. Investors and traders are keeping a close eye on these unlocks, as they may present both opportunities and challenges for the projects involved.</p> 
<h2 class="wp-block-heading" id="top-7-token-unlocks-this-week">Top 7 Token Unlocks This Week</h2> 
<p>According to a recent tweet by analyst Coin Post, the following cryptocurrencies are expected to experience major token unlocks this week:</p> 
<ul> 
 <li><a href="https://coinmarketcap.com/currencies/pyth-network/" target="_blank" rel="noreferrer noopener">Pyth Network</a> (<a href="https://www.coingecko.com/en/coins/pyth-network" target="_blank" rel="noreferrer noopener nofollow">$PYTH</a>) – $804M</li> 
 <li><a href="https://coinmarketcap.com/currencies/avalanche/" target="_blank" rel="noreferrer noopener">Avalanche</a> (<a href="https://www.coingecko.com/en/coins/avalanche" target="_blank" rel="noreferrer noopener nofollow">$AVAX</a>) – $340M</li> 
 <li><a href="https://coinmarketcap.com/currencies/altlayer/" target="_blank" rel="noreferrer noopener">AltLayer</a> (<a href="https://www.coingecko.com/en/coins/altlayer" target="_blank" rel="noreferrer noopener nofollow">$ALT</a>) – $29.44M</li> 
 <li><a href="https://coinmarketcap.com/currencies/gatetoken/" target="_blank" rel="noreferrer noopener">GateToken</a> (<a href="https://www.coingecko.com/en/coins/gatetoken" target="_blank" rel="noreferrer noopener nofollow">$GT</a>) – $15.68M</li> 
 <li><a href="https://coinmarketcap.com/currencies/space-id/" target="_blank" rel="noreferrer noopener">SPACE ID</a> (<a href="https://www.coingecko.com/en/coins/space-id" target="_blank" rel="noreferrer noopener nofollow">$ID</a>) – $13.58M</li> 
 <li><a href="https://coinmarketcap.com/currencies/bonfida/" target="_blank" rel="noreferrer noopener">Bonfida</a> (<a href="https://www.coingecko.com/en/coins/bonfida" target="_blank" rel="noreferrer noopener nofollow">$FIDA</a>) – $7.18M</li> 
 <li><a href="https://coinmarketcap.com/currencies/metaplex/" target="_blank" rel="noreferrer noopener">Metaplex</a> (<a href="https://www.coingecko.com/en/coins/metaplex" target="_blank" rel="noreferrer noopener nofollow">$MPLX</a>) – $7.08M</li> 
</ul> 
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">Top 7 token unlocks for this week <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>• Pyth Network – $804M<br>• Avalanche – $340M<br>• AltLayer – $29.44M<br>• GateToken – $15.68M<br>• SPACE ID – $13.58M<br>• Bonfida – $7.18M<br>• Metaplex – $7.08M <a href="https://t.co/z81GPDOpRs" target="_blank" rel="nofollow">pic.twitter.com/z81GPDOpRs</a></p>— Coin Post (@CoinPostMedia) <a href="https://twitter.com/CoinPostMedia/status/1792563890259190037?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 20, 2024</a>
</blockquote>  
<p>The Pyth Network, an oracle solution, leads the pack with an impressive $804 million worth of PYTH tokens set to be unlocked. Avalanche follows closely with a token unlock of $340 million in AVAX tokens. AltLayer, GateToken, SPACE ID, Bonfida, and Metaplex are also expected to see notable token unlocks, ranging from $29.44 million to $7.08 million.</p>  
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<p>As these unlocks take place, the market will be watching closely to see how each project’s token price reacts. For example, the PYTH price pumped over 20% today already.</p> 
<p><em><strong>Read more: <a href="https://captainaltcoin.com/lido-dao-ldo-and-pyth-prices-are-pumping-heres-why/" target="_blank" rel="noreferrer noopener">Lido DAO (LDO) and PYTH Prices Are Pumping – Here’s Why</a></strong></em></p> 
<p>While some unlocks may lead to increased selling pressure and temporary price dips, others may be absorbed by strong demand and bullish sentiment. The long-term impact of these unlocks will largely depend on the fundamentals and growth prospects of each project.</p> 
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<p>The post <a href="https://captainaltcoin.com/top-7-crypto-unlocks-to-watch-this-week-pyth-network-pyth-avalanche-avax-and-other-altcoins/">Top 7 Crypto Unlocks to Watch This Week: Pyth Network (PYTH), Avalanche (AVAX) and Other Altcoins</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Top 7 Crypto Unlocks to Watch This Week: Pyth Network (PYTH), Avalanche (AVAX) and Other Altcoins

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