Keep an Eye on These Altcoins – Major Token Unlocks on the Horizon

It’s safe to say that we’ve experienced a volatile week. After recovering from a major crash that brought Bitcoin down to $49,000, the price of Bitcoin managed to recover throughout the week, climbing back above $60,000. However, despite this recovery, the bulls were unable to defend the psychological barrier of $60k, leading the coin to drop to a low of $58,315 last night. But now it’s a new week, offering fresh opportunities.

Market Dip: A Buying Opportunity?

During a small dip like the one we’re currently seeing, it’s interesting to look for good buying opportunities. Several altcoins are now worth considering for purchase. However, it’s important to keep an eye on when token unlocks are scheduled for certain altcoins. In this article, we’ve outlined the ten largest and most significant unlocks. Always stay informed about the altcoins you hold for the long term.

Upcoming Token Unlocks to Watch

The Sandbox (SAND)

• Market Cap: $596.87 million
• Token Unlock Amount: $47.54 million (7.94% of market cap)
• Date: August 14, 2024, 02:00 CET

RSS3 (RSS3)

• Market Cap: $112.28 million
• Token Unlock Amount: $2.02 million (1.79% of market cap)
• Date: August 14, 2024, 02:00 CET

Biconomy (BICO)

• Market Cap: $174.89 million
• Token Unlock Amount: $3.36 million (1.92% of market cap)
• Date: August 14, 2024, 08:00 CET

StarkNet (STRK)

• Market Cap: $618.83 million
• Token Unlock Amount: $24.73 million (3.98% of market cap)
• Date: August 15, 2024, 14:00 CET

Arbitrum (ARB)

• Market Cap: $1.88 billion
• Token Unlock Amount: $52.86 million (2.80% of market cap)
• Date: August 16, 2024, 02:00 CET

Uniswap (UNI)

• Market Cap: $3.65 billion
• Token Unlock Amount: $50.85 million (1.39% of market cap)
• Date: August 16, 2024, 06:00 CET

The Graph (GRT)

• Market Cap: $1.37 billion
• Token Unlock Amount: $10.51 million (0.76% of market cap)
• Date: August 17, 2024, 02:00 CET

ApeCoin (APE)

• Market Cap: $361.00 million
• Token Unlock Amount: $9.33 million (2.58% of market cap)
• Date: August 17, 2024, 08:00 CET

Oasis Network (ROSE)

• Market Cap: $414.36 million
• Token Unlock Amount: $10.25 million (2.47% of market cap)
• Date: August 18, 2024, 02:00 CET

Ondo Finance (ONDO)

• Market Cap: $1.08 billion
• Token Unlock Amount: $1.27 million (0.12% of market cap)
• Date: August 18, 2024, 15:00 CET

Conclusion

As we enter a new week with fresh opportunities, these upcoming token unlocks could significantly impact the market. Keep a close eye on these altcoins, especially if you hold them for the long term, to better navigate the potential volatility and identify good buying opportunities.