Token

Immutable

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<p>According to an analysis shared by <a href="https://twitter.com/CoinPostMedia/status/1759594454627848686" target="_blank" rel="noopener noreferrer nofollow">CoinPost</a>, over $350 million worth of token unlock events stand to hit select crypto assets this week. Led by Layer 2 newcomer AltLayer’s nine-figure unlock, traders eye whether fragile market sentiment gets tested by the influx of token distributions.</p>
<h2 class="wp-block-heading" id="strong-altlayer-headlines-with-131-million-token-release-strong"><strong>AltLayer Headlines With $131 Million Token Release</strong></h2>
<p>Interoperability protocol AltLayer (ALT) sits at the top of this week’s token unlock leaderboard. With $131.07 million worth of locked ALT tokens set to be released from vesting schedules, the amount equals over 27% of AltLayer’s current market cap.</p>
<p>As a recently issued project, the potential selling pressure poses a major test – especially given the overall crypto market turbulence persisting into February. Still, AltLayer’s technology offering cross-chain messaging functionality to external blockchains while settling transactions via Arbitrum Nova presents intriguing utility.</p>
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<h2 class="wp-block-heading" id="strong-heavyweight-names-also-look-vulnerable-strong"><strong>Heavyweight Names Also Look Vulnerable</strong></h2>
<p>Beyond AltLayer, additional layer 2 chain ImmutableX (IMX) comes next with $114.78 million unlock this week. The NFT-focused scaling solution also contends with broad industry headwinds stemming from secondary sales slowdowns.</p>
<p>Other unlocks of $50 million-plus arrive for the decentralized exchange protocol GT-Protocol (GTAI) and the F1 racing league Alpine F1 (ALPINE) with $16.28 million. With macro conditions still fragile, even bluechip DeFi names like dYdX (DYDX – $20.34 million unlock) look susceptible to a sentiment downturn.</p>
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<p>History shows large token unlock events tend to spark temporary relief rallies, either on bulls buying the dip, or bears covering positions into the known selling event. Though crypto is failing to mount much upside despite positive macro cross-currents, anxious traders may opt for protection this time around.</p>
<p>But AltLayer and its emerging ecosystem peers like protocols Ribbon Finance (RBN) ($11.4 million) and Space ID (ID) ($11.44 million) face uphill adoption battles regardless of token price action.</p>
<p>Usability, transaction volumes, and treasury management present far greater long-term priorities than near-term turbulence. Still, whether markets shrug off or overreact to this week’s nine-figure distributions may provide a wider signal to the psyche. At some point, solid technology has to override fickle sentiment.&nbsp;&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/top-7-token-unlocks-for-this-week-including-altlayer-alt-immutable-imx-and-dydx/" rel="noopener noreferrer nofollow">Top 7 Token Unlocks For This Week Including AltLayer (ALT), Immutable (IMX) and DYDX</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top 7 Token Unlocks For This Week Including AltLayer (ALT), Immutable (IMX) and DYDX

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