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Warning: Sell These 3 Cryptocurrencies Before the Volatility Occurs
The cryptocurrency market is showing signs of initial recovery after a major liquidation event. However, an upcoming token unlock event could cause new turmoil for certain assets. According to cryptocurrency analyst Pooja Khardia, three types of cryptocurrencies are at risk of increased selling pressure this week, making them top candidates for short-term liquidation. 3 types of cryptocurrencies to sell now and the reasons why According to Tokenomist's report, 150 billion dollars worth of tokens will be unlocked by 2025, with 378.22 million dollars to be released in just seven days. Unlocking such a large amount of tokens increases the circulating supply, creates additional selling pressure, and causes volatility in the cryptocurrency market. Investors should analyze and consider selling CHEEL, APT, and ZKJ before the price fluctuates more. Cheelee (CHEEL) CHEEL is facing its largest weekly unlock of 164.21 million dollars. This token has experienced high volatility and frequent consolidation phases. With additional supply coming into the market, selling pressure may escalate, leading to a potential price decrease. While short-term traders may consider selling, long-term investors should further research its broader trajectory. Aptos (APT) Popular Altcoin Aptos (APT) will undergo a token unlock worth $68.42 million in the coming days, accounting for 2% of the circulating supply. This significant release may lead to increased selling pressure, causing a downward trend in the short-term price volatility of APT. Investors may choose to sell at the current level and buy back when the price stabilizes. Polyhedra Network (ZKJ) Among the three types, ZKJ presents the most concerning scenario, as 29.8% of its supply will be released into the market. Such a significant increase in the available tokens could cause a sharp price decline. Additionally, panic selling among token holders may amplify the losses, making ZKJ particularly risky in the short term.
What should token holders do next? The token unlocking event is a common occurrence in the cryptocurrency industry, allowing early investors to release previously locked assets into circulation. However, these events often lead to increased volatility and short-term instability, benefiting sellers more than holders. With 378.22 million unlocked tokens set to enter the market this week for CHEEL, APT, and ZKJ, strategic investors may choose to sell before significant price fluctuations occur.