The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million. As a result, traders and investors expect severe price volatility ahead, primarily as the assets’ circulating supply remains poised to increase amid a broader crypto market slump.
Here’s Why BERA, SEI, AVAX, & 5 Other Crypto Could See Price Volatility Ahead
According to the latest data by SosoValue, a whopping $324.92 million worth of ‘token unlocks’ remain poised to present the tokens with bearish dynamics this month. For context, token unlock refers to the phenomenon where previously locked tokens are periodically released in the market.
These unlocks in turn increase the assets’ market supply, a concerning factor for prices amid an ongoing crypto market slump. Let’s delve deeper into the latest unlocks and how the cryptocurrencies’ prices are reacting to this event.
Berachain (BERA)
BERA witnessed an unlock of $76.19 million worth of tokens on February 10, raising concerns among investors globally. Primarily, as the unlock equaled 12.08% of the supply, the asset’s market dynamics took a hit. Berachain price dropped over 6% intraday and is now resting at $5.50. Its 24-hour low and high were $5.40 and $6, respectively.
Sei
The layer 1 crypto stands primed to witness an unlock of $12.72 million worth of tokens on February 15. Notably, the unlock, worth 1.25% of supply, remains bearishly eyed by market participants. SEI price today tanked 6.5% intraday the past 24 hours, reaching $0.2270. The coin’s intraday low and high were $0.2245 and $0.2425, respectively.
Avalanche
Avalanche is poised to witness an unlock of $41.74 million worth of tokens on February 16. The unlock, worth 0.40% of the supply, is extensively eyed by investors. AVAX price dropped 6.5% in the past 24 hours, reaching $25.02. The coin’s intraday bottom and peak were $24.87 and $26.69, respectively.
Aptos
Apart from BERA, Aptos witnessed an unlock of $66.28 million worth of tokens on February 10. This unlock was equivalent to 1.97% of the supply, a concerning cause for market participants. APT price plunged 4.5% over the past day and is currently sitting at $5.94. The coin’s intraday low and peak were $5.82 and $6.22, respectively.
Aethir
Aethir faces an unlock of $24.51 million worth of tokens on February 12. This unlock totaled 10.21% of the supply. Simultaneously, ATH price cracked 4% in the past 24 hours, reaching $0.03738. The coin’s intraday bottom and high were $0.03709 and $0.03909, respectively.
The Sandbox
The Sandbox is set to face an unlock of $80.20 million worth of tokens on February 14. The unlock totals 8.41% of the supply. In turn, SAND price tanked by 6% intraday and is now trading at $0.3823. The 24-hour bottom and peak were $0.3772 and $0.407, respectively.
Starknet
Starknet faces heat as $15.55 million worth of token unlock is to take place on February 15. The unlock equals 2.48% of the supply. STRK price waned by over 5% in the past 24 hours, reaching $0.2390. The intraday low and high were $0.2322 and $0.2533, respectively.
Onyxcoin
Onyxcoin is to face an unlock of $7.73 million worth of tokens on February 15. This unlock is equivalent to 0.91% of the circulating supply. XCN price dropped over 10% intraday, reaching $0.02086. The coin’s 24-hour low and high were $0.01887 and $0.02363, respectively.
Source: SSI (SoSoValue Indexes), X
Overall, in light of the abovementioned token unlocks, traders and investors anticipate price volatility in BERA, SEI, AVAX, and other tokens ahead.
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