$328 Million in Altcoins Set to Be Unlocked This Week
The altcoin market may experience volatility this week with over $328 million in tokens set to unlock between April 7 and April 13.
Key points include:
- Aptos will unlock 11.31 million APT tokens valued at $49.76 million.
- SAGA will unlock 133.33 million tokens worth over $33.5 million.
- Other notable unlocks: AXS ($22.73 million), TNSR ($16.16 million), MOVE ($14.58 million).
- Solana will release 465.77K tokens valued at over $50 million through linear unlocking.
- Worldcoin, Celestia, and Dogecoin combined will unlock $57 million in tokens.
The total crypto market cap, excluding Bitcoin and Ethereum, dropped to $676.4 billion, about 36% below January highs. The altcoin market shows a falling wedge pattern, potentially indicating a reversal.
Traders are speculating an altcoin bounce as they sit on a significant trendline, historically associated with recoveries. Predictions suggest that this period could present a buying opportunity for fundamentally strong projects.
