The cryptocurrency market is bracing for significant price movements across 18 altcoins due to impending token unlocks. Data from Tokenomist.AI reveals that approximately $81 million worth of coins will be released into circulation over the next week. These unlocks have raised concerns about potential price impacts as the supply of 19 coins is set to increase substantially.

Here’s an overview of the cryptocurrencies facing this bearish event, according to the latest market data:

The 19 coins scheduled for unlocks include MRS, AITECH, ID, TRIBLE, ADA, KARRAT, ENA, EIGEN HTM, GTAI, C98, GAL, HOOK, GSWIFT, PYR, ACA, MOCA, and KPN. Let’s examine some of the major unlocks and current price action:

Metars Genesis (MRS) will unlock 10 million coins worth $15.70 million on October 24, equaling 11.87% of its circulating supply. MRS is currently trading at $1.67, up 1% in the past day.

Space ID (ID) will release 18.49 million coins valued at $7.10 million on October 22, representing 4.29% of supply. ID is up 2.5% to $0.3839.

Tribal Token (TRIBL) faces an unlock of 9.60 million coins worth $6.37 million on October 22, equal to 8.30% of supply. TRIBL has dropped 5% to $0.6698.

Cardano (ADA) will unlock 18.53 million coins valued at $6.58 million on October 22, though this is only 0.05% of supply. ADA is up 2.5% to $0.3545.

Other notable unlocks include Karrat (KARRAT), Ethena (ENA), EigenLayer (EIGEN), Hatom (HTM), GT Protocol (GTAI), Coin98 (C98), and more. While some tokens have seen price increases despite the looming unlocks, others have experienced declines as the events approach.

Investors should carefully monitor these unlocks and conduct thorough research before making any trading decisions during this volatile period. The increased token supply could potentially impact prices in the short-term.