Caution Alert: Fresh Crypto Coins Worth $653 Million poised for Launch within the Week
In the cryptocurrency market, several significant cliff unlocks are scheduled for major tokens, including Fasttoken (FTN), Cheelee (CHEEL), Aptos (APT), Arbitrum (ARB), and Solana (SOL). These events are expected to create notable short-term downward price pressure due to increased circulating supply.
Fasttoken (FTN) will release 20 million tokens, valued at $91.6 million, on August 18. This represents about 2.13% of its circulating supply, but with over 94% of FTN’s max supply already circulating, the dilution risk is somewhat limited. The unlock is neutral-to-bearish in the short term, as sellers could pressure the price near the current $4.57 level.
Aptos (APT) is unlocking 11.3 million tokens worth $53.7 million, about 2.25% of total supply, around the same period. This release similarly risks adding selling pressure and short-term price volatility but is part of a broader market unlock wave.
Arbitrum (ARB) will see 92.65 million tokens ($43.9 million) unlocked, contributing to increased supply and potential price softness in the near term.
Solana (SOL) is scheduled for a release of 465,770 tokens valued at $93.18 million. Although SOL has seen recent institutional interest and a 14.2% weekly gain, the large unlock could temper momentum or cause brief corrections due to supply influx.
Cheelee (CHEEL) will release approximately $88.87 million worth of tokens, adding to market supply pressure during this unlock period.
Market analysts warn that these large cliff unlocks typically increase sell-side pressure since recipients of vested tokens may sell for liquidity or profit-taking. This can create short-term price corrections or increased volatility, especially for tokens with lower market depth or float. However, tokens like FTN with a high circulating supply percentage face less dilution risk than low-float assets.
Additional mitigating factors that could blunt downward price impact include ecosystem use or staking incentives that encourage holders to retain tokens rather than dump them. New product launches or partnerships generating demand and positive sentiment, and collectible or redemption mechanisms like Fasttoken’s physical banknotes backed by FTN, which may build scarcity and buyer interest.
As of August 10, four public companies collectively hold over $591 million in Solana (SOL). According to CoinGecko, as of August 10, Solana (SOL) has rallied 14.2% over the past week.
Meanwhile, Dogecoin (DOGE) has gained 0.4% in the last 24 hours but has risen more than 18% over the past week. Dogecoin (DOGE) has seen increased whale activity, with heavyweight investors recently acquiring 1 billion DOGE for about $200 million.
Elsewhere in the crypto world, LayerZero (LAYER) recently announced a $110 million all-token proposal to acquire Stargate. LayerZero (LAYER) has risen 26.5% in the last 24 hours and more than 42% over the past week. The cryptocurrency token Fasttoken (FTN) is releasing 20 million tokens, worth $91.6 million, into circulation this week. The Worldcoin project will add 37.23 million of its native WLD cryptocurrency, valued at $40.5 million. Avalanche is releasing 1.67 million AVAX tokens, worth $40.15 million, into circulation this week. The distribution of the Official Trump (TRUMP) token will be approximately $6.52 million per day for the next seven days.
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