Bittime – Good news, the token unlock rush will take place this week! Those are 25 Altcoins will unlock tokens. Here's the complete list.
25 Altcoin Token Unlock Schedule
Investors need to be aware of large token unlock events that will occur in several altcoins this week. Unlocking this token has the potential to influence the price of the associated altcoin.
Check Today's Crypto Market:
The following is the complete schedule for the release of altcoin tokens in a table so it is easy to understand.
| Date | Altcoin | Market Cap | Number of Tokens Released | Percentage to Market Cap |
| 20 May 2024 | Braintrust (BTRST) | $180.94 million | $2.71 million | 1.50% |
| 20 May 2024 | DexCheck (DCK) | $17.98 million | $2.38 million | 13.25% |
| 20 May 2024 | AltLayer (ALT) | $332.20 million | $1.04 million | 0.31% |
| 20 May 2024 | AEVO | $89.00 million | $4.53 million | 5.09% |
| 20 May 2024 | Six (SIX) | $946.26 million | $1.22 million | 0.13% |
| 20 May 2024 | Pyth Network (PYTH) | $571.80 million | $809.09 million | 141.65% |
| 20 May 2024 | bitsCrunch (BCUT) | $10.64 million | $2.13 million | 19.97% |
| 20 May 2024 | Iron Fish (IRON) | $54.33 million | $1.69 million | 3.12% |
| 21 May 2024 | Guild of Guardians (GOG) | $116.40 million | $1.41 million | 1.21% |
| 21 May 2024 | XPLA (XPLA) | $81.93 too | $2.69 too | 3.28% |
| 21 May 2024 | Mintlayer (ML) | $22.26 million | $5.89 million | 26.19% |
| 21 May 2024 | Forgotten Playland (FP) | $8.51 million | $3.84 million | 45.08% |
| 22 May 2024 | Covalent (CQT) | $129.23 million | $1.83 million | 1.42% |
| 22 May 2024 | Algorand (ALGO) | $1.43 million | $5.86 million | 0.41% |
| 23 May 2024 | Bonfida (FIDA) | $34.62 million | $4.97 million | 14.35% |
| 23 May 2024 | Moonwell (WELL) | $68.24 million | $3.35 million | 4,90% |
| 23 May 2024 | Coin98 (C98) | $181.85 million | $4.68 million | 2.58% |
| 23 May 2024 | Chainflip (FLIP) | $45.55 million | $3.08 million | 6.76% |
| 23 May 2024 | Space ID | $399.26 million | $13.79 too | 3.46% |
| 24 May 2034 | Ribbon Finance (RBN) | $435.58 million | $17.39 million | 3.99% |
| 24 May 2024 | Mask Network (MASK) | $310.83 million | $2.07 million | 0.67% |
| 25 May 2024 | H2O Dao (H2O) | $165.20 million | $1.72 million | 1.04% |
| 25 May 2024 | Token Door (PTU) | $7.26 million | $1.55 million | 21.27% |
| 26 May 2024 | GateToken (GT) | $731.83 million | $52.28 million | 7.15% |
| 26 May 2024 | Dogechain(DC) | $15.33 million | $1.75 million | 11.36% |
Things to note
The release of a large number of tokens can result in a decrease in the price of the associated altcoin due to the increase in the number of tokens circulating in the market. Investors need to pay attention to the schedule and amount of tokens that will be released for each altcoin.
Strategies To Cope With Altcoin Token Releases
The release of large amounts of tokens can impact the price of the associated altcoin through supply and demand mechanisms. When the number of tokens circulating in the market increases, while demand remains the same, the price of the token tends to decrease. However, this impact can vary depending on several factors:
The greater the number of tokens released, the greater the potential price drop. If the crypto market trend is positive, the release of tokens may not have a significant impact. On the other hand, in sluggish market conditions, the release of tokens could trigger a deeper price decline.
Altcoins that have a clear utility or function in a particular ecosystem tend to be more resistant to price drops resulting from token releases.
Also Read: New Stage of $PYTH with First Unlock
Strategy for Investors in Unlocking These Altcoin Tokens
Following are several strategies that investors can apply to unlock the 25 Altcoin tokens above.
1. Research and Diversification
Investors are advised to always conduct fundamental research on altcoins before investing. Additionally, it is important to diversify investments across various crypto assets to reduce the risk of price fluctuations.
2. Pay attention to the Token Release Schedule
With information on the token release schedule as presented, investors can plan their investment strategies better.
Investors may want to consider selling some of their holdings in certain altcoins before a large token release occurs, and then buying them back at a discount.
3. Risk Management
Set investment limits that suit your risk profile. Use a stop-loss strategy to limit potential losses if the price of the altcoin you own experiences a sharp decline.
4. Don't panic
Price fluctuations are normal in the crypto market. Investors need to be calm and avoid investment decisions based on momentary emotions.
Also Read How To Buy Crypto:
Conclusion
The release of large amounts of tokens is an event that altcoin investors need to pay close attention to. By understanding the potential impact and implementing the right strategy, investors can reduce risks and maximize profits by investing in crypto assets.
With the large number of token releases this week, investors are advised to be alert and manage their investment risks carefully. Pay attention to the schedule and amount of tokens that will be released for each altcoin before making an investment decision.
How to Buy Crypto from Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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