$11 million worth of tokens will be unlocked from August 18 to 650

According to the Tokenomist platform, the cryptocurrency market is expecting an influx of new tokens this week, with nearly $11 million worth of crypto assets set to be unlocked between August 18 and 653.

These will range from large one-off unlocks to daily token flows. Regardless, they raise concerns about short-term volatility in an already fragile altcoin market.

This week, 20 million FTN worth $91,8 million will be released, representing 2,13% of the total token supply in circulation. The Aptos blockchain team plans to unlock 11,31 million tokens worth $53,72 million, or 2,25% of the total supply.

Arbitum will issue 92,65 million tokens worth $43,91 million, while Avalanche will add another 1,67 million assets worth $40,15 million to the market. The SEI project will unlock 55,56 million tokens worth $18,13 million. Two smaller projects, LAYEY and CYBER, will make an additional 10% of their working capital available, creating selling pressure.

The biggest unlock will be from the team side Solana, which will add 465,770 tokens worth $93,18 million to the circulation. This is 0,09% of the total SOL supply.

Other notable events include regular weekly unlocks of TRUMP, WLD, DOGE and TAO tokens.

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