Top Crypto Unlocks This Week: Optimism (OP) and Altlayer (ALT) Joins the Top 7

While the cryptocurrency market is experiencing an extremely bearish scenario where the price of Bitcoin dropped below $60,000, a series of token unlocks

Top crypto tokens set to unlock this week include Optimism (OP) and Altlayer (ALT) as part of a slew of token unlocks valued at over $131 million.

As the cryptocurrency market continues to experience a bearish trend with Bitcoin's price dipping below $60,000, several token unlocks are scheduled to take place this week.

These unlocks could potentially impact the prices of the tokens associated with these projects. According to analyst Coin Post, here are the top 7 token unlocks for this week.

Top 7 Token Unlocks to Watch

Investors should keep an eye on the following token unlocks:

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These unlocks will see a combined total of over $131 million worth of tokens hitting the market, which could lead to increased selling pressure and price volatility for the affected cryptocurrencies.

As part of a project's tokenomics, token unlocks are a crucial aspect of cryptocurrency. They are usually implemented as part of a project's vesting schedule, gradually releasing tokens to team members, investors, or for ecosystem development. While unlocks can sometimes lead to short-term price pressure, they are also seen as a natural part of a project's maturation and can signify the progression of its roadmap.

Read more: PEPE Coin Shows Resilience Amid Bitcoin’s Downturn, Analysts Remain Bullish on the Meme Coin

Large unlocks, such as the $54.85 million worth of Optimism (OP) tokens, may have a more pronounced effect on market dynamics compared to smaller unlocks. However, the actual impact can vary depending on market conditions, project fundamentals, and overall investor sentiment at the time of the unlock.

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News source：https://www.kdj.com/cryptocurrencies-news/articles/top-crypto-unlocks-week-optimism-op-altlayer-alt-joins-top.html

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