Beware of 5 Altcoins This Week: $315 Million Unlocked Will Take Place! - Coin Newsletter

Hundreds of millions of dollars worth of unlocks will take place in 16 altcoins this week.

According to Token Unlocks data, between February 26 and March 3**, 16 altcoin projects, including Optimism (OP) and ZetaChain (ZETA) will unlock a total of over 360 million dollars.

In unlocks, the release of more than 1% of the overall circulating supply of tokens is significantly reflected in the price negatively. Accordingly, in the next week, Nym (NYM), Yield Guild Games (YGG), Echelon Prime (PRIME), Sui (SUI), Optimism (OP), Manta Network (MANTA), dYdX (DYDX), GMT (GMT) unlocks are important.

Beware of Opitmism, dYdX and Sui!

In particular, the 33.33 million unlocks with a value of 113 million dollars that will take place on dYdX are among the top things to watch out for with the amount of circulating supply of 11.09%. The $101 million unlock on Optimism needs to be considered, with a supply rate of 2.77%. On Sui, 44.29 million assets worth $72 million will be unlocked, which is 3.80% of the circulating supply.

The cryptocurrencies that will be unlocked are as follows:

• Nym (NYM): 25 million assets worth $5.3 million will be unlocked by February 27 at 03:00 CET. 3.63% of the circulating supply will be released.
• Yield Guild Games (YGG): $9 million worth 16.69 millionassets will be unlocked Unlocked by February 27 at 05:00 5.57% of the circulating supply will be freed.
• SingularityNET (AGIX): $6.7 million worth 8.97 million assets will be unlocked by February 28 at 03:00 0.71% of the circulating supply will be freed.
• Pendle (PENDLE): $848K worth 308K assets will be unlocked over the next week. Unlocking will start on February 28 at 03:00 CET. 0.32% of the circulating supply will be released.
• Echelon Prime (PRIME): $20 million worth 1.66 million assets will be unlocked by February 29 at 03:00 CET. 4.89% of the circulating supply will be released.
• Sui (SUI): 72 million worth of 44.2 assets will be unlocked by February 29 at 03:00 CET. 3.80% of the circulating supply will be released.
• Optimism (OP): $100 million worth 26.49 million assets will be unlocked by February 29 at 07:00 CET. 2.77% of the circulating supply will be released. ****Euler (EUL)**: $128K worth 747K assets will be unlocked by February 29 at 13:37 0.69% of the circulating supply will be released.
• 1inch (1INCH): $31K worth 64K assets will be unlocked February 29 at 15:00 CET. 0.01% of the circulating supply will be released.
• Manta Network (MANTA): 3 million assets worth $9 million will be unlocked by March 1 at 02:59 CET. 1.22% of the circulating supply will be released.
• dYdX (DYDX): 33.33 million assets worth 113 million dollars will be unlocked by **03:00 a.m. CET on March 1. 11.09% of the circulating supply will be released. *GMT (GMT): $6 million worth of 23.1 million assets will be unlocked over the next week. Unlocking will start on March 1 at 03:00 CET. 1.32% of the circulating supply will be released.
• Akash Network (AKT): $3 million worth 556K assets will be unlocked over the next week. Unlocking will start on March 1 at 03:00 CET. 0.24% of the circulating supply will be released.
• ZetaChain (ZETA): 6.3 million assets worth 15** $15 will be unlocked by 03:00 CET on March 1. 2.66% of the circulating supply will be released.
• Acala (ACA): 27.43 million assets worth 3 million dollars will be unlocked by 10:00 a.m. CET on March 1. 2.85% of the circulating supply will be released.
• Tornado Cash (TORN): 91K assets worth 136K dollars will be unlocked by 06:30 on March 2. 2.41% of the circulating supply will be released.