- Over $328 million in altcoins will be unlocked this week, potentially triggering major market volatility.
- Traders see this as a possible buying opportunity, with technical indicators hinting at an upcoming rebound.
The altcoin market is bracing for a turbulent week ahead, with over $328 million worth of tokens set to flood the market between April 7 and April 13. For investors with an eye on timing, this wave of unlocks may present a golden — or perhaps generational — buying opportunity.
Also read: Black Monday 2.0? Top 5 Warning Signs Bitcoin Price Could Crash Soon
According to data from Tokenomist, both cliff and linear unlocks are scheduled across major projects, potentially disrupting supply dynamics. Cliff unlocks, which release large batches of previously locked tokens all at once, will dominate the headlines.
Leading the charge is Aptos (APT), with 11.31 million tokens unlocking — a stash valued at nearly $49.76 million. With a circulating supply of around $604.79 million, this move could significantly shift the token’s market behavior. Meanwhile, Saga (SAGA) will unlock a whopping 133.33 million tokens, worth over $33.5 million, further adding to the sell-side pressure.
Other notable cliff unlocks include Axie Infinity (AXS) with $22.73 million, Tensor (TNSR) at $16.16 million, and Move (MOVE) at $14.58 million.
On the linear unlocking front, Solana (SOL) is set to gradually release 465,770 tokens — totaling over $50 million. Meanwhile, Worldcoin (WLD), Celestia (TIA), and Dogecoin (DOGE) are also unlocking a combined $57 million worth of tokens.
These unlocks often trigger short-term volatility as token holders potentially offload newly liquid assets. However, seasoned investors are watching closely, eyeing the drop in prices as a strategic entry point.
Technical indicators are adding fuel to the speculation. The Relative Strength Index (RSI) for altcoins (excluding BTC and ETH) is at its lowest since September 2023, hinting at an oversold market. A falling wedge pattern has also emerged — historically a bullish reversal signal.
Prominent traders like Moustache on X suggest we may be approaching a long-term support level, one that has previously catalyzed significant rallies.
With the total altcoin market cap sitting 36% below January highs, this week’s unlocks could either deepen the dip — or ignite the next leg up.
