- Increased demand for ALT might push the price back up to $0.46 after the unlock.
- MANTA might hit $3.50 while APT’s price might rise higher than $9.
- OP might continue trading sideways within the $3 to $3.25 range.
This month, several projects including Altlayer (ALT), Manta Network (MANTA), Aptos (APT), and Optimism (OP) plan to release more tokens into circulation. According to information from token unlocks, $25 million worth of ALT tokens will be unlocked on February 25.
MANTA’ token unlock would be worth $51 million, and would happen on February 18. In Aptos’ case, the unlocked tokens were worth $210 million at press time and would take place on February 12. OP’s token unlock is set at $77 million and is scheduled to happen on February 29.
Unlocking tokens usually impact the overall market dynamics, including price, volume, and liquidity. In this case, it might not be any different.
Altlayer (ALT)
ALT is a relatively new token. Since its launch, CoinMarketCap showed that the price has increased by 15.50%. However, recent movements in the last seven days have seen ALT move downward from $0.45 to $0.32.
From the 1-hour ALT/USDT chart,…
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