Altcoin Token Unlocks Scheduled Across Multiple Assets This Week
While Bitcoin has remained relatively flat in the cryptocurrency market over the past week, other altcoins have seen increased activity. Ethereum's price rose by 2.72%, with memecoins like Shiba Inu experiencing a significant surge of almost 25%.
A number of token unlocks are scheduled to occur across various altcoins this week. On July 27th, three coins - Grass (GRASS), Corn (CORN), and Sign - will unlock tokens worth $10.76 million, $1.69 million, and $2.46 million respectively.
Other notable token unlocks include Falcon Finance (FF) on July 28th, unlocking $7.41 million in tokens; Midnight (NIGHT) on July 28th, unlocking $2.54 million; and Audiera (BEAT), Kite (KITE), EigenCloud (EIGEN), Quack AI (Q), and Opinion (OPN) on various dates throughout the week.
The token unlocks for Audiera are particularly significant, with $73.93 million in tokens set to be unlocked on July 31st, representing 6.82% of its market value.