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$92M in Token Unlocks Ahead as Altcoins Confront Rising Wedge Pattern

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Upcoming $92 million weekly token unlocks and the bearish
  • Over $92 million worth of token unlocks are scheduled next week, led by ZRO at $51.91 million.
  • ERA and MELANIA carry the highest relative market cap unlock pressure at 4.86% and 3.25%.
  • Bitcoin dropped to $115K and Ethereum fell 5%, weighing on overall market sentiment.

This week will bring over $92 million worth of token unlocks across several major projects, according to CryptoRank. 

LayerZero’s ZRO leads the pack with a $51.91 million unlock on August 20, representing 2.47% of its supply and more than 22% of its market cap. Kaito’s KAITO follows with $18.50 million unlocking the same day, equivalent to 1.67% of supply.

Massive Unlocking Events this Week

Other notable unlocks include zkSync’s ZK ($11.10 million), Plume Network’s PLUME ($10.24 million), ApeCoin’s APE ($9.62 million), Caldera’s ERA ($6.89 million), and meme token MELANIA ($4…

The post $92M in Token Unlocks Ahead as Altcoins Confront Rising Wedge Pattern appeared first on Coin Edition.

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