Echelon

Echelon Prime

Impact

Parallel

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-altcoin-unlock-events-and-their-impact-on-market-dynamics/" data-wpel-link="internal">Key Altcoin Unlock Events and Their Impact on Market Dynamics</a> 
<a href="https://coin-turk.com/ethereum-london-guncellemesinin-tum-detaylari-eth-fiyati-nasil-etkilenecek" data-wpel-link="internal">Altcoin</a> supply inflation continues to be a fundamental factor significantly affecting prices as non-existent or locked coins/tokens are released or their locks are lifted, altering supply and demand dynamics. <a href="https://coin-turk.com/sec-bir-kripto-para-sirketini-daha-yola-getirdi-45-milyon-dolar" data-wpel-link="internal">Cryptocurrency</a> traders and investors often consider this dynamic to make informed decisions and manage risks. We have compiled 3 <a href="https://coin-turk.com/lunada-son-durum-bu-3-altcoine-dikkat" data-wpel-link="internal">altcoins</a> for you that have planned token unlock events in the coming days. For these altcoin projects, tokens worth a total of 270.58 million dollars will be unlocked and put into circulation within the next 3 days. 
<h2 style="text-align: justify" id="strong-watch-out-for-dydx-sui-and-prime-strong">Watch Out for DYDX, SUI, and PRIME</h2> 
The first risky altcoin is the decentralized exchange protocol dYdX‘s native asset DYDX. DYDX is among the altcoins that investors need to watch out for with its upcoming token unlock event. According to data from <a href="https://en.coin-turk.com/floki-inu-at-the-brink-of-a-breakout-despite-recent-decline/" data-wpel-link="internal">Token</a> Unlocks, on April 1st, tokens worth 114 million dollars, amounting to 33.34 million tokens, will be unlocked, with the majority allocated to the project’s early investors. Additionally, a portion of the tokens will also be allocated to the project team, developers, and future project employees. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-335478" src="https://coin-turk.com/wp-content/uploads/2024/03/Token-Unlocks-Altcoin.png" alt="" width="405" height="295"> 
Sui Network (SUI) is among the risky altcoin projects with its token unlock event on March 31st. 4 million SUI tokens worth 7.88 million dollars will be allocated to the community reserve. In addition, tokens worth a total of 76.07 million dollars, whose distribution details have not been fully disclosed, will be unlocked on the platform’s distribution side. 
Lastly, Echelon Prime (PRIME) is on the list of risky altcoins with the unlocking of 1.66 million PRIME tokens worth 38.58 million dollars on March 31st. The unlocked PRIME tokens will be allocated to the Parallel Studios reserve and private investors. This situation makes the altcoin one of the risky ones due to the potential selling pressure that could arise. 
<h2 style="text-align: justify" id="strong-should-altcoin-investors-be-worried-strong">Should Altcoin Investors Be Worried?</h2> 
Although an increase in an altcoin’s circulating supply after a token unlock does not guarantee a price drop, it can lead to increased price volatility and affect the risk-reward ratio for investors. Nevertheless, token unlocks tend to increase volatility in altcoins due to speculations about their effects on prices. 
Therefore, investors need to implement appropriate risk management before and after token unlocks and carefully assess the potential impacts before trading in these listed altcoins. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/key-altcoin-unlock-events-and-their-impact-on-market-dynamics/" data-wpel-link="internal">Key Altcoin Unlock Events and Their Impact on Market Dynamics</a></h5>

Key Altcoin Unlock Events and Their Impact on Market Dynamics

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