Altcoins Face Massive Token Unlocks Next Week

A significant event is expected to impact the altcoin market next week as 23 cryptocurrencies are set to undergo massive token unlocks.

The schedule, released by Bitcoin Sistemi, shows that tokens with a combined value of over $200 million will unlock between February 23rd and March 1st.

The largest unlocking event is scheduled for GateToken on February 26th, where approximately $47.5 million worth of coins will be released.

Other notable unlocks include Spacecoin, which will release 36.58% of its market value, and Jupiter, which will unlock 1.63% of its current value.