Altcoin Pressure Mounts Ahead of Major Token Unlocks This Week

While Bitcoin continues to command the spotlight, surging toward the $100,000 milestone, the outlook for many altcoins appears far more uncertain. Despite Ethereum managing to stay in the green this week, most smaller tokens have struggled — and that pressure could soon intensify with a fresh wave of scheduled token unlocks. Over the coming days, a series of unlock events will release hundreds of millions of dollars worth of tokens into circulation. These events, while routine, often create short-term selling pressure as early investors or teams receive previously locked tokens and may choose to sell. One of the most significant unlocks comes from Cheelee (CHEEL), which is set to release nearly $54 million worth of tokens on May 10 — representing nearly 15% of its total market cap. Similarly, Heroes of Mavia (MAVIA) is preparing to unlock 20% of its supply, potentially shaking up its relatively small market. Smaller projects are also set for large proportional unlocks. Nereus (NRS), for instance, will see nearly half its market cap unlocked on May 11, a move that could trigger significant volatility. Meanwhile, Neon (NEON) and aixbt (AIXBT) are preparing for 20% and 8.5% token releases respectively, both noteworthy considering their modest valuations. More established projects like Alchemy Pay (ACH) and ChainGPT (CGPT) are also scheduled for token releases, though their relative impact may be milder due to the lower percentage of supply being unlocked. These unlocks come at a delicate time for the altcoin market. Bitcoin’s dominance continues to grow, soaking up liquidity as traders favor the perceived safety of the leading digital asset amid a changing macro environment. With AI-related coins and ecosystem-specific tokens grabbing short bursts of attention, the broader altcoin field remains fragmented and vulnerable to sudden price drops — especially when supply increases abruptly. As always, investors will be watching how the market reacts to these unlocks. Will the added supply be absorbed quietly, or could it trigger more selloffs in an already shaky landscape? With Bitcoin leading the charge, altcoin holders may need to brace for more turbulence ahead. Reporter at Coindoo Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/altcoin-pressure-mounts-ahead-of-major-token-unlocks-this-week/