Insider token unlocks for the week of June 23–29 are set to release over $31.8 million worth of assets into the market. This substantial movement includes some high-impact tokens like BLAST, ALT, VENOM, YGG, and C98.
Insider token unlocks for the week of June 23–29 are set to release over $31.8 million worth of assets into the market. This substantial movement includes some high-impact tokens like BLAST, ALT, VENOM, YGG, and C98.
These pre-scheduled releases of previously locked tokens increase the circulating supply, and market participants will be closely monitoring their potential impact on price volatility.
BLAST tops the list, accounting for $25.15 million or 35.08% of its circulating supply. Despite this, its price has seen modest changes, currently at .
The chart reveals a brief upward move before a , bottoming at $0.002385.
Although the token saw a slight bounce, overall momentum remains weak. Resistance sits around $0.00245, while support levels hover at $0.002385 and $0.00239. Volume has dropped nearly 34%, hinting at cooling market interest. Given the vast total supply of 100 billion tokens, further unlocks could pressure the price in coming weeks.
AltLayer (ALT) follows with a $3.43 million unlock, representing 2.87% of its circulating supply. Currently trading at , ALT has trended downward with a minor end-of-day recovery.
Resistance is firm at $0.03565, while support lies near $0.03325. A 56% drop in daily volume, coupled with a high future dilution risk, raises caution for short-term holders.
Meanwhile, VENOM, with a smaller unlock of $1.69 million, showed an interesting volume surge of 147%. Its current price is $0.1588. Despite early losses, the token rebounded and formed a double peak.
Key resistance lies at $0.1624, while $0.1560 serves as the critical support level. However, with only 12.3% of its total supply in circulation, dilution concerns remain prominent.
Yield Guild Games (YGG), unlocking $1.02 million, displayed a after recovering from a mid-day dip.
Price ended higher at , with support now forming at $0.1580. Its circulating supply is over 50%, suggesting reduced inflation pressure compared to others.
Coin98 (C98), with a relatively minor $244k unlock, declined 5.26% to $0.04440.
It showed weak price support throughout the day, though a small bounce was observed late. The FDV closely matches its market cap, meaning most tokens are already in play.
