Massive Influx of 34 Altcoins Including Bitcoin (BTC) Expected This Week: A Major Shake-Up in Crypto Circulation!

  • The cryptocurrency market is set for a week of significant altcoin token unlocks, with one altcoin’s $1 billion unlock causing particular unease.
  • Recently launched through Binance’s Launchpool project, Aevo (AEVO) is preparing for a token unlock of approximately $1 billion on May 15, 2024.
  • This unlock represents 752% of AEVO’s circulating tokens, a significant figure for an altcoin with a market value of $132 million.

As the cryptocurrency market braces for a week of significant altcoin token unlocks, Aevo’s $1 billion unlock is causing particular concern. The event could significantly impact the altcoin’s market dynamics.

Aevo’s Massive Token Unlock

Launched recently via Binance’s Launchpool project, Aevo (AEVO) is gearing up to make a significant mark on the week. On Wednesday, May 15, 2024, around 08:00 AM (local time), the altcoin is set to unlock tokens worth approximately $1 billion. This figure is quite substantial for an altcoin with a market value of $132 million, as the tokens entering circulation represent 752% of AEVO’s circulating tokens.

Potential Impact on AEVO’s Market Dynamics

As we reported yesterday, some analysts have suggested that it might be prudent to steer clear of the altcoin this week due to AEVO’s substantial token unlock. AEVO’s vesting table is calculated based on the assumption that all tokens will be convertible immediately after the unlock, according to the RBN vesting program. RBN holders can convert their RBNs to AEVO at a 1:1 ratio. As a result of these token unlocks, a significant portion of AEVO’s maximum supply will enter circulation. At the time of writing, AEVO is trading at $1.13, exhibiting an 8% decline in the last 24 hours, in line with the broader market downturn.

Other Significant Altcoin Token Unlocks

In addition to AEVO’s surprising $1 billion token unlock, 33 other altcoins are set to unlock tokens throughout the week. These include Games for a Living (GFAL), DappRadar (RADAR), AltLayer (ALT), Sei (SEI), RSS3 (RSS3), Biconomy (BICO), Artificial Liquid Intelligence (ALI), Voxies (VOXEL), dYdX (DYDX), Zebec Network (ZBC), Humanode (HMND), Highstreet (HIGH), CLV (CLV), Sidus (SIDUS), StarkNet (STRK), CyberConnect (CYBER), Arbitrum (ARB), LimeWire (LMWR), Uniswap (UNI), The Graph (GRT), Velo (VELO), SuperRare (RARE), BBS Network (BBS), Oxygen (OXY), Immutable (IMX), ApeCoin (APE), Oasis Network (ROSE), Ondo Finance (ONDO), Aurora (AURORA), BENQI (QI), Numbers Protocol (NUM), Pixels (PIXEL), and Land Of Conquest (SLG).


As the new week unfolds, investors should keep a close eye on these altcoins. The significant token unlocks could lead to increased volatility and potentially impact market dynamics. As always, investors are advised to do their own research and exercise caution when trading in volatile markets.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

New Wallets Secure $77M in PEPE, UNI, ETH and More: Major Ether (ETH) Token Acquisition

The Ethereum ecosystem is experiencing a significant...

ETH Spot ETF Approval Sparks Turmoil on Polymarket: Ethereum (ETH) Price Volatility Soars

<ul> <li>Blockchain betting platform Polymarket has seen over...

PRO Analysis

Daily Crypto Market Review: BTC, ETH, ONDO, LDO, LINK Price Trends and Analysis

Cryptocurrency markets have shown significant volatility today,...

Bank Nifty (NIFTYBANK) Share Price Live Updates: Real-Time Analysis and Trends for May 24, 2024

<ul> <li>The Bank Nifty index has shown significant...

Nifty 50 (NIFTY) Live Price Updates: Real-Time Market Analysis for May 24, 2024

<ul> <li>The Nifty 50 index experienced...
Crypto Vira
Crypto Vira
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.

Bybit (BYT) and Aperture Finance Revolutionize Crypto with Groundbreaking IDO Partnership – Key Insights Revealed

Bybit, one of the leading cryptocurrency exchanges, has partnered with Aperture Finance to launch a groundbreaking Initial DEX Offering (IDO). This...

New Wallets Secure $77M in PEPE, UNI, ETH and More: Major Ether (ETH) Token Acquisition

The Ethereum ecosystem is experiencing a significant surge in activity with new wallets and first-time accumulators purchasing nearly $77 million worth of...

BlockDAG (BDAG) Skyrockets with 30,000x ROI and 800% Surge Post-Digifinex Listing, Investors Abandon Retik Finance

BlockDAG’s presale success has reached over $32.4 million, diverting investor attention from Retik Finance’s Digifinex listing. Retik Finance faces skepticism despite...