The cryptocurrency market braces for potential bearish pressure as nearly $300 million worth of tokens are set to be unlocked and released into circulation over the coming week. Data from Token Unlocks highlights 15 altcoins facing significant token unlocks, which could impact their prices. Let’s examine the upcoming unlocks for these cryptocurrencies and their recent price action.

Aptos (APT) will see 11.31 million tokens worth $93.65 million unlocked on October 11, representing over 2% of its circulating supply. APT is currently trading at $8.25, down 0.5% in the last 24 hours.

Arbitrum (ARB) faces an unlock of 96 million tokens valued at $51.06 million on October 16, equating to 2.65% of circulating supply. ARB is up 1% at $0.5319.

EigenLayer (EIGEN) will unlock 11.22 million tokens worth $42.07 million on October 15, amounting to 6% of circulating supply. EIGEN is trading at $3.75, up 0.5%.

Axie Infinity (AXS) has 9.25 million tokens worth $41.92 million unlocking on October 14, equal to 6.08% of supply. AXS is up 1.5% at $4.54.

Starknet (STRK) will release 64 million tokens valued at $25.32 million on October 15, representing 3.30% of supply. STRK has gained 5% to $0.3967.

Taiko (TAIKO) faces a 12 million token unlock worth $18.84 million on October 14, equaling 16% of supply. TAIKO is down 0.4% at $1.56.

Cardano (ADA) will unlock 37.06 million tokens worth $12.83 million on October 12, amounting to 0.10% of supply. ADA is up 3% at $0.3455.

ApeCoin (APE) has 15.60 million tokens worth $11.02 million unlocking on October 17, representing 2.31% of supply. APE has gained 1% to $0.7069.

Echelon Prime (PRIME) will release 750,000 tokens valued at $5.85 million on October 17, equal to 1.5% of supply. PRIME is down 2.5% at $7.81.

Ethena (ENA) faces an unlock of 12.86 million tokens worth $3.61 million on October 16, amounting to 0.47% of supply. ENA has surged 4% to $0.2809.

Render Network (RENDER) will unlock 492,130 tokens worth $2.61 million on October 14, representing 0.13% of supply. RENDER is up 4% at $5.31.

CYBER will release 886,120 tokens valued at $2.57 million on October 14, equaling 3.81% of supply. CYBER has gained 2% to $2.90.

Astar (ASTR) faces an unlock of 9.72 million tokens worth $567,000 on October 17, amounting to 0.13% of supply. ASTR is up 0.5% at $0.05834.

Nym (NYM) will unlock 2.73 million tokens worth $200,760 on October 15, representing 0.34% of supply. NYM has dropped 3.5% to $0.07356.

Forta (FORT) has 2.66 million tokens worth $296,000 unlocking on October 13, equal to 0.56% of supply. FORT is down 1% at $0.1113.

Investors should closely monitor these upcoming token unlocks and their potential impact on prices as additional supply enters the market. As always, thorough research is advised before making any investment decisions in the volatile crypto market.