Crypto analysts are warning that some altcoins could see their prices drop because of a lot of new tokens being released.
Big Unlocks for Worldcoin, Stargate, and Mantle
While Bitcoin has a steady flow of new coins that don’t really affect its price, projects like Worldcoin, Stargate Finance, and Mantle are releasing a significant amount of tokens compared to their market cap. This could lead to a decrease in their value.
Upcoming Token Unlocks
There are even more token unlocks coming up, including a huge one for Wormhole, which could unlock 33% of its total supply.
Chainlink Looks Bullish
On the other hand, Chainlink (LINK) is showing some positive signs. People are moving their LINK off of exchanges, which could mean they’re holding onto it for the long term. This could lead to a price increase.
Disclaimer: This information is not financial advice. Always do your own research before investing in crypto.
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