Altcoin Selling Pressure Looms as $500M in Token Unlocks Scheduled This Week
Nearly $500 million in tokens will be released this week, potentially exerting downward pressure on prices. Over $80 million in Worldcoin's WLD, $51 million in Arbitrum's ARB, and nearly $40 million each in Eigenlayer's EIGEN and Axis Infinity's AXS will be unlocked. The 37 million WLD emission will increase supply by 7%, distributed to team members, advisors, and investors. Taiko's $18 million unlock represents 15% of its total supply. Solana's SOL will see $80 million unlocked as part of a linear plan. Unlocks increase supply but may not immediately impact the market. Anticipation of sales can lead to preemptive sell-offs, affecting prices. Research indicates most losses occur two weeks post-unlock, but positive sentiment can stabilize or increase prices if tokens are used for governance or utility purposes.
