VENOM prices are heating up as major token unlocks loom, sparking fresh interest among traders. From March 24 to March 31, several projects are set to unlock millions worth of tokens, a move that could shake up the market.
According to Tokenomist, multiple unlocks will surpass the $5 million mark, making them crucial events to watch.
Venom (VENOM)
VENOM is seeing a similar trend, rallying 26% in the past week. The token now sits at $0.1191, with a market cap of $117.8 million, up 1.84%. VENOM’s trading volume has surged 43.86% in the last 24 hours to $451.15K.
The upcoming unlock, scheduled for March 25 at 08:00 AM UTC, will release 59.26 million VENOM tokens into the market, valued at approximately $7.05 million.Â
This accounts for 2.90% of the circulating supply. With 4.96 billion VENOM still locked, or 62% of the total supply, investors are watching closely to see how the market reacts.
Altlayer (ALT)
ALT has been on a wild run, pumping nearly 30% over the past week as traders gear up for its big unlock on March 25 at 10:00 AM UTC. Currently priced at $0.03961, ALT has gained 13.05% in the last seven days. But while the price has jumped, the market cap has slipped slightly to $110.61 million, down 1.77%. Meanwhile, trading volume has taken a hit, dropping 15.90% to $18.98 million in the last 24 hours.
The upcoming unlock will see 240.10 million ALT tokens worth $9.51 million enter circulation, making up 8.60% of the circulating supply. With 7.21 billion ALT still locked—72.09% of its total supply—the question is whether traders will cash out or hold firm.
It’s not just ALT and VENOM making waves. Other major tokens, including SOL, WLD, TIA, DOGE, AVAX, and more, have recently seen large unlocks. Some tokens have benefited from the influx, while others have faced heavy sell-offs, adding to the uncertainty in the market.
Token unlocks can be unpredictable. Some see them as a golden opportunity to buy, while others expect a sell-off. With multiple major unlocks lined up, traders are in for a volatile week. Will the market absorb the fresh supply, or will profit-taking take center stage?
Also Read: Tutorial (TUT) Token Price Surged 4000% This Week: Buy or Not?
