Major Token Unlocks: $235M Set to Hit Markets by April 28

We are expecting numerous token unlocks; therefore, a detailed analysis of these tokens becomes essential for obtaining valuable information. According to data from Tokenomist, over $235 million in tokens are set to enter the market between April 21 and April 28.

The upcoming unlocks may result in price fluctuations for VENOM, ALT, SOL, WLD, TRUMP, and DOGE projects. Previously locked or restricted tokens become available for exchange trading during token unlocks. As more tokens enter the market, sellers can exert downward pressure on prices.

Big One-Time Unlocks: VENOM and ALT

First up, we’ve got two prominent cliff unlocks (that’s when a project releases all its tokens at once):

token unlocks

Source: X

  • VENOM will unlock 59.26 million tokens, valued at around $8.25 million.
  • ALT will release 240.10 million tokens worth about $7.09 million.

These two account for $15.34 million in new supply entering the market simultaneously, which could be a significant factor in short-term price action.

Daily Unlocks

Several well-known tokens are experiencing daily linear unlock, meaning tokens are slowly released each day, which remains impactful when the value is this high.

Here are some highlights:

  • SOL (Solana): $66.03M worth of unlocked.
  • WLD (Worldcoin): $29.47 M.
  • TRUMP: $28.76 M.
  • TIA (Celestia): $17.82 M.
  • TAO: $16.86 M.
  • DOGE: $15.32 M.
  • AVAX: $14 M.
  • SUI, DOT, JTO, and IP are also unlocking between $7M and $9M each

Together, these daily token unlocks total over $220 million—a significant chunk of the week’s total.

What Does This Mean?

Unlocking this much value in a short time could increase market volatility. Market sentiment and timing will determine if investors decide to sell or take advantage of market dips. Regardless of the trading strategy, market movements need traders and long-term holders to stay informed.

Conclusion

Token unlocks are a regular part of crypto life, but it’s worth paying attention when the numbers get this big. With over $235 million unlocking across top tokens by April 28, this week could bring some interesting moves to the market. Keep an eye on the charts—and if you’re holding any of these tokens, it might be a good time to plan your next move.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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