The altcoin market could face a potentially volatile ride this week, as over $328 million worth of tokens are scheduled to be unlocked between April 7 and April 13.
Cliff Unlocks: A Major Release
Cliff unlocks, which release large batches of previously locked tokens all at once, will contribute to this surge in circulating supply. This will see tokens like Aptos (APT), Saga (SAGA), Axie Infinity (AXS), Move (MOVE), and Tensor (TNSR) entering the market.
- Leading the pack, Aptos APT will release 11.31 million APT tokens, valued at $49.76 million.
- SAGA has also caught the eye, with a massive 133.33 million tokens unlocking valued at over $33.5 million.
- AXS, TNSR, and MOVE follow with unlocks worth $22.73 million, $16.16 million, $14.58 million, respectively.
Linear Unlocks: A Smaller but Still Notable Release
The linear unlocking side, where tokens are released in smaller, steady amounts, will see Solana SOL $108.6 24h volatility: 7.6% Market cap: $55.96 B Vol. 24h: $7.93 B unlock 465.77K tokens, worth over $50 million.
Market Impact
These unlocks often influence short-term price action, especially when they represent a major portion of a token’s supply. Long-term investors often watch for these events as potential buying opportunities, especially for tokens with solid fundamentals and strong community support.
Speculation of Altcoin Rebound
Interestingly, this token unlock event comes at a time when the broader altcoin market is already facing downward pressure.
| Token | Amount | Value |
|---|---|---|
| Aptos (APT) | 11.31 million | $49.76 million |
| Saga (SAGA) | 133.33 million | $33.5 million |
| Axie Infinity (AXS) | 22.73 million | $22.73 million |
| Move (MOVE) | 16.16 million | $16.16 million |
| Tensor (TNSR) | 14.58 million | $14.58 million |
| Solana (SOL) | 465.77K | $50 million |
Seasonal Traders and the Market Outlook
Seasonal traders are forecasting a possible altcoin market bounce in the near future. Crypto trader Moustache noted on X that altcoins are now sitting on a 1.5-year-long trendline – one that historically has led to recoveries.
Crypto trader Moustache noted, “Altcoins are now sitting on a 1.5-year-long trendline – one that historically has led to recoveries.”
Disclaimer
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