Major Token Unlocks Expected for Cheelee and Other Altcoins This Week

• The upcoming week is expected to see significant token unlocks for various altcoin projects.
• Such events could lead to price volatility and increased liquidity in the crypto market.
• Here are the popular cryptocurrencies set to unlock their tokens this week…

Discover which altcoins are unlocking their tokens this week and the potential market impact.

Altcoin Projects Unlocking Tokens This Week

Several major altcoin projects are set to undergo token unlocks, releasing a substantial amount of tokens into circulation. This development could significantly affect the market, influencing both prices and trading volumes. Below is a detailed schedule of the anticipated token unlocks:

June 10, 2024

On this date, the following tokens will be unlocked:

• Cetus Protocol (CETUS): $2.19 million (7.44% of market cap)
• AltLayer (ALT): $1.04 million (0.31% of market cap)
• Cheelee (CHEEL): $481.88 million (43.53% of market cap)
• Wormhole (W): $1.00 million (0.08% of market cap)
• Sei (SEI): $1.14 million (0.13% of market cap)
• ChainGPT (CGPT): $4.45 million (4.93% of market cap)

June 11, 2024

More token unlocks are scheduled for this date, including:

• Internet Computer (ICP): $26.31 million (0.52% of market cap)
• Goldfinch (GFI): $4.12 million (1.69% of market cap)
• Gods Unchained (GODS): $1.39 million (2.14% of market cap)
• BitMEX (BMEX): $1.42 million (6.89% of market cap)
• Moonbeam (GLMR): $1.18 million (0.47% of market cap)
• dYdX (DYDX): $11.94 million (2.58% of market cap)
• Masa Network (MASA): $2.64 million (22.39% of market cap)

June 12, 2024

The following tokens will be unlocked on this day:

• Aptos (APT): $95.71 million (2.58% of market cap)
• Oasys (OAS): $6.75 million (10.07% of market cap)
• Boba Network (BOBA): $2.33 million (4.37% of market cap)
• GameGPT (DUEL): $1.39 million (7.07% of market cap)

June 13, 2024

Token unlocks scheduled for June 13 include:

• Games for a Living (GFAL): $2.46 million (5.35% of market cap)
• DappRadar (RADAR): $1.53 million (20.73% of market cap)

June 14, 2024

The following tokens are set to unlock on this date:

• RSS3 (RSS3): $7.42 million (2.40% of market cap)
• Centrifuge (CFG): $1.68 million (0.55% of market cap)
• Immutable (IMX): $56.31 million (1.88% of market cap)
• Biconomy (BICO): $11.37 million (2.46% of market cap)
• Artificial Liquid Intelligence (ALI): $2.10 million (3.80% of market cap)

June 15, 2024

On this day, the following tokens will be unlocked:

• StarkNet (STRK): $76.26 million (4.95% of market cap)
• My Neighbor Alice (ALICE): $1.45 million (0.92% of market cap)
• Zebec Network (ZBC): $5.00 million (5.15% of market cap)
• Humanode (HMND): $1.26 million (26.02% of market cap)
• Highstreet (HIGH): $3.24 million (1.35% of market cap)
• CLV (CLV): $1.49 million (2.72% of market cap)
• Cyber (CYBER): $6.29 million (6.90% of market cap)

June 16, 2024

The concluding day of the week will see the following tokens unlocked:

• Arbitrum (ARB): $91.84 million (3.23% of market cap)
• LimeWire (LMWR): $18.24 million (14.74% of market cap)
• Domi (DOMI): $1.30 million (22.96% of market cap)
• Uniswap (UNI): $81.92 million (1.39% of market cap)

Investor Considerations

Investors should be aware that not all scheduled token unlocks may occur as planned. Some unlocks might be postponed or canceled. These events can introduce volatility into the market, making it essential for investors to stay informed and manage their risks. The dynamic nature of the cryptocurrency market means quick adjustments are often necessary. Monitoring these key dates and adjusting investment strategies accordingly could prove beneficial.