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ARB coin, APT, and AEVO: Why should you stay away from them?
Finbold analysts recommend staying away from 3 altcoins, including ARB coin, in the upcoming period. They expect significant volatility. The culprit behind this potential volatility is a massive token unlocking event exceeding $1.4 billion. This event overshadows the typical weekly cliff commonly observed in the crypto space. TokenUnlocks.app, a financial data provider, has provided crypto investors with this important risk management insight that guides upcoming market movements.
"Concerns about these lockups continue, while the general perception is on the rise. Differences in various technical indicators for most cryptocurrencies indicate positive opportunities for smart investors. However, it is crucial to focus on tokens experiencing significant token emissions, as this may cause investors to miss potential opportunities. This requires comprehensive analysis and strategic planning."
Analysts have "avoided" three cryptocurrencies this week.
Aevo (AEVO): Get ready to unlock a massive token lock of 827.6 million AEVO worth $1.02 billion on May 15th. This represents one of the largest unlocking operations ever recorded. Its value is a surprising 8 times the current circulating supply of 110 million tokens. What does this mean? Aevo's project will witness a brutal inflation of 752.4% in just one day. Furthermore, the project's DAO treasury will receive tokens worth $414 million, worsening the situation. The team will receive $264.5 million, and an allocation of $212.75 million will be given to the initial private sale investors.
Aptos (APT): While Aevo takes the inflation crown, Aptos is not far behind. Today, May 12, it shows that the lock of 11.31 million APT tokens, equivalent to $94.55 million and representing 2.6% of the total market value, has been unlocked. Beneficiaries include the Aptos Foundation, community members, contributors, and investors. This significant token flow potentially triggers a price correction.
Arbitrum (ARB): Completing the list, Arbitrum is preparing for a 3.5% supply inflation on May 16th. The project will unlock tokens worth $92.44 million. The team will receive a total of $56 million worth of ARB for "future team" and advisors. On the other hand, investors will have access to the remaining $36.44 million.
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