The Crypto Realm Prepares for a Dynamic Shift in Prices of 18 Altcoins, Primarily Attributable to Looming Token Unlocks Ahead

Recent data from the Tokenomist.AI App suggests that nearly $81 million worth of coins will be released into the market over the coming week

Nearly $81 million worth of coins will be released into the market over the coming week, as reported by Tokenomist.AI App. This development has raised concerns among market participants over the potential impact on the prices of the coins in question, especially since the supply of 19 coins is set to increase substantially.

Here's a closer look at the cryptocurrencies that are facing this bearish phenomenon, according to the latest market data.

Metars Genesis (MRS) is preparing for a significant unlock of 10 million coins, valued at $15.70 million as of October 24. This unlock is equivalent to a substantial 11.87% of the token’s circulating supply. Despite the risk, MRS price showed resilience, trading up nearly 1% from yesterday to reach $1.67. The coin's intraday low and high were $1.56 and $1.59, respectively.

Space ID (ID) will witness an unlock of 18.49 million coins, valued at $7.10 million, as of October 22. The unlock is equivalent to 4.29% of the token’s circulating supply, raising investor concerns. However, ID price showed strength, gaining nearly 2.5% over the past day and is now trading at $0.3839. The coin's intraday low and high were $0.3707 and $0.3876, respectively.

Tribal Token (TRIBL) is set to face an unlock of 9.60 million coins, valued at $6.37 million, as of October 22. This unlock is equivalent to a substantial 8.30% of the altcoin’s circulating supply. TRIBL price slipped nearly 5% over the past day and is now trading at $0.6698. The token’s 24-hour low and high were recorded as $0.6561 and $0.738, respectively.

Cardano (ADA) is all set to experience an unlock of 18.53 million coins, valued at $6.58 million, as of October 22. The unlock totals 0.05% of the coin’s circulating supply. ADA price soared nearly 2.5% today and is currently sitting at $0.3545. The coin’s intraday low and high were $0.3443 and $0.3566, respectively.

Karrat (KARRAT) is to witness an unlock of 11.36 million coins, valued at $6.76 million, as of October 23. The massive unlock is equivalent to 7.93% of the altcoin’s circulating supply. Nevertheless, despite the looming risk, KARRAT price surged nearly 10% intraday to reach $0.5864. Its 24-hour low and high were $0.5299 and $0.6526, respectively.

Ethena (ENA) is preparing to experience a significant unlock of 12.86 million ENA, valued at $5.33 million, on October 23. The unlock stands equal to 0.47% of the crypto’s circulating supply. Besides, ENA price pumped over 6% in the past 24 hours and is now trading at $0.4135. Its intraday low and high were $0.3886 and $0.4399, respectively.

EigenLayer (EIGEN) stands primed to witness an unlock of 1.29 million coins, valued at $4.70 million, as of October 22. This unlock totals 0.59% of the altcoin’s circulating supply. However, even EIGEN price soared 6.29% to $3.65 today despite the looming bearish phenomenon. The coin’s 24-hour low and high were $3.42 and $3.71, respectively. Also, it’s noteworthy that the EigenLayer X account was hacked recently, bringing additional attention to the token in light of looming the unlock.

Hatom (HTM) is to experience an unlock of 5.39 million coins, valued at $5.23 million, on October 20. The unlock is equivalent to a staggering 14.69% of the coin’s circulating supply. Meanwhile, HTM price dipped nearly 6% over the past day and is now trading at $0.9715. The crypto’s intraday low and high were $0.9679 and $1.07, respectively.

GT Protocol (GTA

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