Crypto:
30205
Bitcoin:
$68.357
% 1.29
BTC Dominance:
%54.1
% 0.32
Market Cap:
$2.48 T
% 1.89
Fear & Greed:
72 / 100
Bitcoin:
$ 68.357
BTC Dominance:
% 54.1
Market Cap:
$2.48 T

Crypto Company Warns: Danger in 10 Altcoins Could Pull Market Down!

Altcoins

As Bitcoin is in the process of recovering from a sharp correction, altcoins are facing danger in the coming days.

While Bitcoin dragged altcoin prices down with its sharp correction, a warning came from 10x Research on the subject.

Cryptocurrency analysis and research firm 10x Research, in its report published on May 8th, stated that approximately $2 billion worth of unlocks will occur over the next 10 weeks, which could pull the market down.

It is expected that approximately $97 million worth of Aptos (APT), $79 million worth of Starknet (STRK), $94 million worth of Arbitrum (ARB), $53 million worth of Immutable X (IMX), $330 million worth of Avalanche (AVAX), $64 million worth of Optimism (OP), $28 million worth of PRIME, $1 billion worth of Sui (SUI), $48 million worth of Ethena (ENA), $171 million worth of Altlayer (ALT) and $135 million worth of XAI tokens will be released and enter circulation in the next 2 months.

The report included the following statements regarding the selling pressure:

Venture capitalists may limit upside momentum and put downward pressure on prices when locks are unlocked.

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