Connect with us

Altcoin

Altcoins To Dump Ahead As $81M Token Unlocks Approach

Published

6 months ago

on


The crypto realm prepares for a dynamic shift in prices of 18 altcoins, primarily attributable to looming token unlocks ahead. Recent data from the Tokenomist.AI App suggests that nearly $81 million worth of coins will be released into the market over the coming week. These unlocks have raised severe market concerns over the coins’ future prices, as the supply of 19 coins stands poised to increase substantially.

Here’s a brief report on the cryptocurrencies that are set to face this bearish phenomenon ahead, per the latest market data.

19 Altcoins To Face Token Unlocks Ahead

Tokenomist app revealed that 19 coins that are to face unlock ahead include MRS, AITECH, ID, TRIBLE, ADA, KARRAT, ENA, EIGEN HTM, GTAI, C98, GAL, HOOK, GSWIFT, PYR, ACA, MOCA, and KPN. Let’s dig deeper into the upcoming unlocks and the mentioned coins’ current price action.

Metars Genesis

Metars Genesis (MRS) is readying for an unlock of 10 million coins worth $15.70 million as of October 24. This unlock is equivalent to a remarkable 11.87% of the token’s circulating supply. Nevertheless, MRS price traded up nearly 1% from yesterday, reaching $1.67. The coin’s intraday low and high were $1.56 and $1.59, respectively.

Space ID

Space ID (ID) stands strong to witness an unlock of 18.49 million coins, worth $7.10 million, as of October 22. The unlock is equivalent to 4.29% of the token’s circulating supply, raising investor concerns. ID price gained nearly 2.5% over the past day and is now trading at $0.3839. The coin’s intraday low and high were $0.3707 and $0.3876, respectively.

Tribal Token

Tribal Token (TRIBL) readies to face an unlock of 9.60 million coins, worth $6.37 million, as of October 22. This unlock equals 8.30% of the altcoin’s circulating supply. TRIBL price slipped nearly 5% over the past day and is now trading at $0.6698. The token’s 24-hour low and high were recorded as $0.6561 and $0.738, respectively.

Cardano

Cardano (ADA) is all set to experience an unlock of 18.53 million coins, worth $6.58 million, as of October 22. The unlock totals 0.05% of the coin’s circulating supply. ADA price soared nearly 2.5% today and is currently sitting at $0.3545. The coin’s intraday low and high were $0.3443 and $0.3566, respectively.

Karrat

Karrat (KARRAT) is to witness an unlock of 11.36 million coins, worth $6.76 million, as of October 23. The massive unlock equals 7.93% of the altcoin’s circulating supply. Nevertheless, despite the looming risk, KARRAT price surged nearly 10% intraday to reach $0.5864. Its 24-hour low and high were $0.5299 and $0.6526, respectively.

Ethena

Eythena (ENA) is preparing to experience a significant unlock of 12.86 million ENA, worth $5.33 million, on October 23. The unlock stands equal to 0.47% of the crypto’s circulating supply. Besides, ENA price pumped over 6% in the past 24 hours and is now trading at $0.4135. Its intraday low and high were $0.3886 and $0.4399, respectively.

EigenLayer

EigenLayer (EIGEN) stands primed to witness an unlock of 1.29 million coins, worth $4.70 million, as of October 22. This unlock totals 0.59% of the altcoin’s circulating supply. However, even EIGEN price soared 6.29% to $3.65 today despite the looming bearish phenomenon. The coin’s 24-hour low and high were $3.42 and $3.71, respectively. Also, it’s noteworthy that the EigenLayer X account was hacked recently, bringing additional attention to the token in light of looming the unlock.

Hatom

Hatom (HTM) is to experience an unlock of 5.39 million coins, worth $5.23 million, on October 20. The unlock is equivalent to a staggering 14.69% of the coin’s circulating supply. Meanwhile, HTM price dipped nearly 6% over the past day and is now trading at $0.9715. The crypto’s intraday low and high were $0.9679 and $1.07, respectively.

GT Protocol

GT Protocol (GTAI) is readying for an unlock of 2.60 million coins, worth $2.11 million, as of October 21. This unlock equals a considerable 7% of the token’s circulating supply. Aligning with the risk, GTAI price dipped 5% today and is trading at $0.8118. Its 24-hour low and high were $0.7939 and $0.8678, respectively.

Coin98

Coin 98 (C98) stands poised to face an unlock of 16.53 million coins, worth $2.14 million, as of October 23. This unlock weighs equal to 2% of the crypto’s circulating supply. Besides, C98 price witnessed a 2.5% increase in value to $0.1296 today. Its intraday low and high were recorded as $0.1247 and $0.1339, respectively.

Hooked Protocol

Hooked Protocol (HOOKED) is primed to witness an unlock of 8.33 million coins, worth $3.82 million, as of October 21. The unlock is equivalent to 4.27% of the altcoin’s circulating supply. Nevertheless, HOOKED price soared nearly 4% over the past day and is now trading at $0.4588. The coin’s intraday low and high were $0.4382 and $0.495, respectively.

Venom

Venom (VENOM) is poised to face an unlock of 33.76 million coins, worth $2.85 million, on October 25. This unlock totals 1.80% of the token’s circulating supply. VENOM price jumped slightly, up 1% over the past day to $0.08442. Its intraday low and high were $0.08208 and $0.08443, respectively.

GameSwift

GameSwift (GSWIFT) is readying to witness an unlock of 18.07 million coins worth $1.09 million as of October 21. This unlock is equivalent to 4.47% of the altcoin’s circulating supply. GSWIFT price is up nearly 1% today and is trading at $0.0604. The coin’s 24-hour low and high were $0.05937 and $0.06121, respectively.

Vulcan Forged

Vulcan Forged (PYR) is preparing for an unlock of 248.02K coins worth $647.32K as of October 25. This unlock totals 1.04% of the coin’s circulating supply. PYR price traded at $2.61 today, up nearly 2% intraday. Its 24-hour low and high were $2.52 and $2.67, respectively.

Acala

Acala (ACA) is to face an unlock of 4.66 million coins, worth $277.64K, as of October 25. This unlock totals 0.43% of the crypto’s circulating supply. ACA price jumped 1% over the past day and is now trading at $0.05866. The altcoin’s intraday low and high were $0.05791 and $0.06044, respectively.

Moca Coin

Moca Coin (MOCA) is eyeing an unlock of 44.08 million coins, worth $3.44 million, as of October 25. This unlock totals 3.4% of the crypto’s circulating supply. MOCA price dipped nearly 2% over the past day to reach $0.07756. The coin’s intraday low and high were $0.07654 and $0.07872, respectively.

KonnektVPN

KonnektVPN (KPN) stands poised for an unlock of 18 million coins, worth $85.67K, as of October 20. The unlock totals 0.73% of the coin’s circulating supply. KPN price slipped nearly 8% over the past day and is trading at $0.004761. Its intraday low and high were $0.004639 and $0.005148, respectively.

Meanwhile, CoinGape Media previously spotlighted a stockpile of other altcoins to sell in light of massive token unlocks, such as the ones mentioned above.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

What’s Up With BTC, XRP, ETH?

Published

2 hours ago

on

April 20, 2025

By


Crypto Market Highlights: Another week has ended within the unpredictable world of cryptocurrencies, and investors are left cautious due to turbulent price actions. Bitcoin (BTC) price has traded around the same level in the past 7 days, whereas Ethereum (ETH) managed to lose nearly 1% within the exact duration. Ripple’s XRP price continued its consolidation phase this week, adding to speculations about its future price movements.

Mentioned below are some of the most buzz-worthy cryptocurrency market highlights reported by CoinGape Media over the past week.

Crypto Market Highlights: BTC Updates This Week

BTC price shut the week at around the $85K level, riding a roller coaster in the past seven days. The weekly bottom and peak for the flagship crypto were recorded at $83K and $86K, respectively. This turbulent price action comes despite a stockpile of bullish developments that appear to have considerably impacted investor sentiment this week.

CoinGape reported that Michael Saylor’s MicroStrategy again purchased 3,459 Bitcoin for $285 million and rattled the crypto market. The MSTR stock price also surged subsequently.

Further, Semler Scientific filed to buy $500 million worth of Bitcoin amid its $30 million DoJ settlement this week. With this mover, the firm aimed to boost its Bitcoin reserves despite the broader market uncertainty.

Meanwhile, it’s worth pointing out that U.S. President Donald Trump announced up to 245% tariffs on China this week. On the other hand, China was apparently mulling over the sale of 15K BTC, another intriguing development that captured investors’ attention globally.

Besides, BTC whales were recorded as absorbing 300% of the flagship coin’s new supply, sparking optimistic speculations about long-term price prospects.

Ethereum & XRP Developments

ETH is trading around a $1,600 price level, losing roughly 3% in the last 7 days. Despite this waning action, CoinGape has reported that a rally to $4,800 awaits the second-largest crypto by market cap. This bullish ETH price projection comes as the coin is trading on the north side of a key resistance trend.

However, it’s also worth pointing out that Ethereum faced increased selling pressure due to heightened whale dumps this week. In response to this, market participants are conversely anticipating a potential dip below $1.5 may also be possible.

Besides, Ethereum ETFs recorded $32 million worth of weekly outflows this week, adding further risk to the asset’s price.

In addition, Ethereum fees have also witnessed a severe price decline as user activity decreased amid the recent market turmoil.

XRP price stood at the $2.08 price level after witnessing a highly volatile trading session over the past week. Despite soaring ETF odds, the crypto has yet to see a rising price action. Notably, 9 XRP ETFs have been filed to date, including Bitwise, 21Shares, Grayscale, and Canary Capital.

On the other hand, Ripple whales have also moved hundreds of millions of dollars worth funds this week. 

The XRP lawsuit advanced as the U.S Court of Appeals granted Ripple and the SEC’s motion to suspend their appeals while they finalized the settlement. Overall, the abovementioned updates were some of the top crypto market highlights reported by CoinGape Media over the past week.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Uniswap Founder Urges Ethereum To Pursue Layer 2 Scaling To Compete With Solana

Published

3 hours ago

on

April 20, 2025

By


As Solana continues its ascent, experts are not writing off Ethereum’s chances to compete favorably in decentralized finance (DeFi). Uniswap founder Hayden Adams wants Ethereum to hone in on Layer 2 scaling to even the odds with Solana.

Uniswap Founder Wants Ethereum To Continue Horizontal Scaling

The calls for Ethereum to focus on Layer 2 scaling are growing louder, with Uniswap founder Hayden Adams joining the train. The Uniswap founder disclosed his stance in an X post, calling for Ethereum to continue its Layer 2 scaling development.

Adams notes that Layer 2 solutions remain Ethereum’s best chance to keep its skin in the DeFi game amid rising competition from Solana. He notes that Solana is better suited to do DeFi on its layer 1, given its roadmap and overall approach compared to Ethereum.

Ethereum, aware of the challenges of its Layer 1, has pivoted to an L2-focused roadmap since 2020. However, a broad ecosystem focus for Layer 2 scaling solutions has left the base layer without major updates for a while, whipping up conversations for a change in approach.

Despite the push for a return to a Layer 1-focused approach, the Uniswap founder wants Ethereum to continue on its existing roadmap. He took swipes at community members pushing for a change in strategy every month, urging them to “pick a lane” and mitigate the attendant risks.

“Ethereum has been working towards an L2-centric/horizontal scaling roadmap for 5+ years,” said Adams. “You want to throw this away at the final stretch because of what reason?”

Ethereum and Solana are going neck and neck with each other with a Coingape analysis weighing whether ETH price will hit $3 before SOL clinches $200.

A Layer 1-centric Approach Is Still Acceptable

The Uniswap founder disclosed in the post that he remains open to the possibility of a pivot to a Layer 1-centric approach. However, the approach has to be explicit and realistic, with Adams recommending key network changes.

“I’m fine with L1-centric scaling approach if it’s explicit and approached realistically,” said the Uniswap founder. “We would have to drop a ton of philosophical stuff like any laptop can run a node.”

He adds that Uniswap’s largest market share comes from Layer 1, making a pivot still a win for his project. However, the approach inflames centralization risks affecting the ability of individuals to run full nodes.

Amid the raging conversations for scaling direction, Ethereum is facing its worst quarterly price performance in nearly a decade. ETH targets a $1600 breakout as prices continue to wallow under $2,000 since slipping below the psychological level.

Tron founder Justin Sun says he is not selling his ETH holdings despite falling prices, pledging to collaborate with Ethereum developers to trigger ecosystem growth.

✓ Share:

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Expert Reveals Why Consensus 2025 Will Be Pivotal For Pi Network

Published

6 hours ago

on

April 20, 2025

By


As Consensus 2025 inches closer, a buzz is swelling in the Pi Network ecosystem over potential growth opportunities. Ahead of the event, a cryptocurrency analyst wants the Pi Core Team (PCT) to wrap up two critical matters to reap the rewards of Consensus 2025.

Consensus 2025 Offers A Huge Opportunity For Pi Network

Cryptocurrency expert Dr Altcoin has described the incoming Consensus 2025 as a pivotal moment for the Pi Network. According to an X post, Dr Altcoin noted that the event will provide a raft of promotional benefits for Pi Network, urging the PCT to seize the moment.

“Consensus 2025 Summit is a huge opportunity to promote Pi Network – and one of the best so far!” wrote Dr Altcoin.

Pi Network founder Nicolas Kokkalis joins an exclusive list of industry players tapped to speak at the premier cryptocurrency summit. Kokkalis’ inclusion sent ripples across the Pi ecosystem with community members lapping up the reports.

The event, described as “the Super Bowl of Blockchain” and the “World Cup of Web 3,” will have over 20,000 individuals in attendance from over 100 countries. Scheduled for May 14-16 in Toronto, the Summit will feature industry heavyweights with a combined assets under management exceeding $4 trillion.

Kokkalis will share the stage with Bo Hines and Eric Trump in a golden opportunity to promote the Pi Network. Kokkalis has previously come under criticism for failing to make public appearances, unlike other blockchain founders.

Details of Kokkalis’ speech are under wraps, but there is growing belief that it will revolve around decentralized growth and the network’s adoption strategy. Pi Network has unveiled further details around its tokenomics, earmarking 65 billion Pi for community mining rewards.

Dr Altcoin Urges PCT To Put Its House In Order Ahead Of The Summit

While Consensus 2025 is poised to offer Pi a raft of benefits, Dr Altcoin notes that the Pi Core Team has to tick a few boxes. For starters, Dr Altcoin is pushing for the PCT to approve all KYB applications ahead of Consensus 2025.

Secondly, the cryptocurrency expert wants the PCT to officially deploy decentralized applications (DApps) on the Pi Network.

The PCT has less than a month to approve the KYB applications and give the green light for DApps. Pi Network has received criticism for the slow pace of processing KYB applications, leading to PiDaoSwap launching NFTs on BNB Chain.

Pi is trading at $0.6477 with Pi Coin tapped to reach highs of $30 if major banks adopt Pi Network. However, investors are bracing themselves for short-term volatility after suspicious account activity on Banxa.

✓ Share:

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io