Altcoin Token Unlocks on Tap for Volatile Market
The cryptocurrency market experienced significant volatility last week, driven by Bitcoin's reaction to dovish FED statements and subsequent hawkish US employment data.
Bitcoin initially rose after the statements but fell afterwards. It is currently trading at $79,716, showing a 1% increase in value over the past week.
However, the real action may be in altcoins as massive token unlocks are scheduled for 14 assets this week. The largest unlock is set to occur on September 9, with NAME tokens worth approximately 74.54% of their market value being released at 03:00 UTC+3 Turkish time.
Aptos (APT) and Pump.fun (PUMP) are among the altcoins scheduled for token unlocks this week, with Aptos unlocking 1.32% of its market value on September 12 and Pump.fun releasing 2.27% of its tokens on the same day.