$138M Token Unlocks Loom: 6 Altcoins at Risk of Major Liquidations Next Week

The most recent update from the Token Unlocks App indicates that six alternative cryptocurrencies are preparing to face the challenge of a higher market supply in the coming week. This can be attributed to significant token unlocks, which refer to the periodic release of tokens previously locked within the market.

Significantly, $138.8 million of cliff unlocks are expected to impact specific altcoins in the upcoming days. The tokens in question include AltLayer (ALT), Sace ID (ID), Ethena (ENA), Galxe (GAL), Yield Guild games (YGG), and Acala (ACA).

Below is a concise overview of the token unlocks, which might be significant news for cryptocurrency market participants.

AltLayer (ALT)

On July 25, the AltLayer cryptocurrency will experience the release of an astonishing 684.21 million ALT tokens, valued at $111.01 million. This is 42.08% of the total amount of currency in circulation, which has caused significant worries among investors about the potential impact on the market in the future.

The price of ALT was $0.1619 at the current time, reflecting a 5.29% increase over the previous day. The lowest value reached in the past 24 hours was $0.1572, while the highest was $0.1729.

Space ID (ID)

On July 22, the Space ID token will see an unlocking of 18.49 million IDs, valued at $9.01 million. This accounts for 4.29% of the total number of coins in circulation.

The price of ID traded at $0.4875, representing a 5.70% increase compared to the previous day. Within a 24-hour period, the token experienced a low of $0.4607 and a high of $0.5011.

Ethena (ENA)

Ethena is preparing to release 14.89 million ENA tokens, valued at $7.32 million, on July 21st. This accounts for 0.87% of the total number of coins in circulation.

The price of ENA traded at $0.493 today, representing a 6.97% increase compared to the previous day. The lowest point in Ethena's 24-hour cycle was $0.4699, while the highest point was $0.5116.

Yield Guild Games (YGG)

On July 27, 14.08 million YGG tokens, valued at $7.56 million, will be unlocked from Yield Guild Games cryptocurrency. This represents 3.74% of the total number of coins currently in circulation.

The price of YGG traded at $0.5369, reflecting a 2.97% increase in the past day. The token's lowest value for 24 hours was $0.5183, while its highest value was $0.555.

Galxe (GAL)

The altcoin Galxe is preparing to release 1 million GAL, valued at $3.60 million, on July 24th. This represents 0.85% of the total amount of currency in circulation.

The price of GAL today was $3.58, representing a decrease of 5.78% compared to the previous day. The lowest and highest values recorded during 24 hours were $3.54 and $3.92, respectively.

Acala (ACA)

Acala is scheduled to see the release of 4.66 million ACA tokens, valued at $340.03k, on July 25th. This accounts for 0.46% of the coin's total quantity in circulation.

The price of ACA was $0.07291, representing a 2.53% increase over the previous day. Within a 24-hour period, the coin experienced a low of $0.07132 and a high of $0.0759.

Significantly, the token above unlocks continue to attract significant attention from market participants as investors remain worried about this altcoin news, mainly because of the increase in supply.

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