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<p>While the cryptocurrency market is experiencing an extremely bearish scenario where the price of Bitcoin dropped below $60,000, a series of token unlocks is planned for this week.</p>
<p>These token unlocks could potentially affect the prices of the tokens associated with these projects. Analyst Coin Post has <a href="https://x.com/CoinPostMedia/status/1805161208607080922" target="_blank" rel="noopener noreferrer nofollow">shared</a> the list of top 7 token unlocks for this week.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="546" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-1024x546.png" alt="" class="wp-image-514183" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-1024x546.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-767x409.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-1536x819.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-2048x1092.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-656x350.png 656w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902-788x420.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-902.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="top-7-token-unlocks-to-watch">Top 7 Token Unlocks to Watch</h2>
<p>Investors should keep a close eye on the following token unlocks scheduled for this week:</p>
<ul>
 <li>Optimism (OP): $54.85 million worth of tokens to be unlocked</li>
 <li>Altlayer (ALT): $17.35 million in tokens set for release</li>
 <li>GateToken (GT): $15.13 million worth of tokens scheduled for unlock</li>
 <li>Axelar (AXL): $14.19 million in tokens to enter circulation</li>
 <li>Port Finance (PORT): $13.75 million worth of tokens to be unlocked</li>
 <li>Worldcoin (WLD): $8.79 million in tokens set for release</li>
 <li>Fetch.<a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="ai" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ai</a> (FET): $7.39 million worth of tokens scheduled for unlock</li>
</ul>
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<p>These unlocks represent a combined total of over $131 million worth of tokens potentially entering the market, which could lead to increased selling pressure and price volatility for the affected cryptocurrencies.</p>
<p>Token unlocks are a critical aspect of cryptocurrency tokenomics, often implemented as part of a project’s vesting schedule to gradually release tokens to team members, investors, or for ecosystem development. While unlocks can sometimes lead to short-term price pressure, they are also seen as a natural part of a project’s maturation and can signify the progression of its roadmap.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/pepe-coin-shows-resilience-amid-bitcoins-downturn-analysts-remain-bullish-on-the-meme-coin/" target="_blank" rel="noopener noreferrer nofollow">PEPE Coin Shows Resilience Amid Bitcoin’s Downturn, Analysts Remain Bullish on the Meme Coin</a></em></strong></p>
<p>Large unlocks, such as the $54.85 million worth of Optimism (OP) tokens, may have a more pronounced effect on market dynamics compared to smaller unlocks. However, the actual impact can vary depending on market conditions, project fundamentals, and overall investor sentiment at the time of the unlock.</p>
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<p>The post <a href="https://captainaltcoin.com/top-crypto-unlocks-this-week-optimism-op-and-altlayer-alt-joins-the-top-7/" rel="noopener noreferrer nofollow">Top Crypto Unlocks This Week: Optimism (OP) and Altlayer (ALT) Joins the Top 7</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Crypto Unlocks This Week: Optimism (OP) and Altlayer (ALT) Joins the Top 7

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