As April approaches, the crypto market braces for a wave of token unlocks, with 330 billion dollars worth of tokens set to enter circulation across various projects. Token unlocks, while sometimes viewed as potential sell pressure, also present opportunities for investors.
The market is on its edge with the largest unlock on April 15 by BitDAO (BIT) will release nearly $1 billion worth of tokens, followed by APECoin (APE) with over $66 million and Aptos (APT) with over $52 million worth of tokens set to be unlocked.
Aptos (APT) – Unlock: $428M on April 12
Despite Aptos’ massive $428 million unlock, analyst suggests that the alt season may not have peaked, potentially allowing APT to appreciate further before any significant selloff occurs. However, shorting APT around this unlock could be considered risky.
Dymension (DYM) – Unlock: $23M on April 6
In the meanwhile, Dymension’s unlock, primarily a linear token endowment for the ecosystem, is unlikely to exert significant sell pressure. The perk of staking rewards may continue to attract investors, driving both price appreciation and participation in staking.
Starknet (STRK) – Unlock: $141M on April 15
Positioned as a ZK-rollup, Starknet presents a promising investment opportunity with potential returns of 3x-5x from current levels. The unlock coinciding with the accumulation phase before a potential rally aligns with investor sentiments seeking profit maximization over the long term.
AltLayer (ALT) – Unlock: $61M on April 25
Rounding off the list with the next-gen blockchain, AltLayer taps into the narrative of identifying high-return opportunities in bull markets. While still speculative, ALT appeals to investors seeking higher risk/reward exposure, especially when considering sizable positions.
Overall, the market will closely monitor these token unlocks and their impact on token prices and project trajectories. As always, investors are urged to conduct thorough research and exercise caution when navigating the volatile crypto landscape.
