Token Unlocks to Hit 14 Altcoins This Week

A significant upward trend has been observed in the cryptocurrency market despite recent geopolitical developments. Bitcoin has risen by 2.36% over the past week, while the top 20 cryptocurrencies have gained 1.44%. However, a large number of token unlocks are set to occur in various altcoins this week.

The first unlock is scheduled for Unitas Labs (UP) on July 13, with $2.92 million worth of tokens unlocked at 3:00 AM. The following day, Chainbase (C) will see $1.55 million worth of tokens unlocked, followed by StarkNet (STRK) unlocking $3.90 million worth of tokens at 3 PM.

On July 16, several altcoins will experience token unlocks, including Arbitrum (ARB), Magma Finance (MAGMA), Alaya AI (AGT), GoPlus (GPS), and Valve (VALVE). STBL will unlock the largest amount of tokens, with $8.42 million worth being released at 3:00 AM.

The week continues with more token unlocks on July 17 for Pudgy Penguins (PENGU), deBridge (DBR), Caldera (ERA), Solv Protocol (SOLV), and ZKsync (ZK). Lombard (BARD) will experience a token unlock on July 18.