Locked Token Opening in 6 Altcoins This Week _: Things to Watch Out For! - Coin Newsletter

A total of millions of dollars worth of unlocks will take place in 6 altcoins this week.

According to Token Unlocks data, between March 4 and March 10**, 6 altcoin projects including Liquity (LQTY) and **Pendle (PENDLE) will unlock a total of over 17 million dollars.

In unlocks, the release of more than 1% of the overall circulating supply of tokens is significantly reflected in the price negatively. Accordingly, the unlocks specific to Hashflow (HFT) and Galxe (GAL) are important in the next week.

Beware of HFT!

In particular, the opening of 13.8 million locks worth $6.85 million in HFT is one of the top things to watch out for with a circulating supply of 3.83%. The $6.8 unlock in GAL needs to be considered with a supply rate of 2.26%.

The cryptocurrencies that will be unlocked are as follows:

• Liquity (LQTY): $1.44 million worth 733K assets will be unlocked over the next week. Unlocking will start on March 5 at 03:00 CET. 0.77% of the circulating supply will be released.
• Galxe (GAL): $6.84 million worth 2.03 million assets will be unlocked March 5 at 03:00 2.26% of the circulating supply will be freed.
• Pendle (PENDLE): $990K worth 305K will be unlocked over the next week. Unlocking will start on March 6 at 03:00 CET. 0.32% of the circulating supply will be released.
• Hashflow (HFT): $6.8 million worth 13.8 million assets will be unlocked by 03:00 CET on March 7 3.83% of the circulating supply will be freed. ****GMX (GMX)**: **2,950 assets worth $171K will be unlocked over the next week. Unlocking will start on March 9 at 03:00 CET. 0.03% of the circulating supply will be released.
• Moonbeam (GLMR): 3 million assets worth $1.55 million will be unlocked by March 11 at 03:00 CET. 0.36% of the circulating supply will be released.