4 Altcoins to Sell Now to Prevent Long-Term Losses
The post 4 Altcoins to Sell Now to Prevent Long-Term Losses appeared on BitcoinEthereumNews.com.
The cryptocurrency market is witnessing a modest rebound, but some altcoins struggle. SAND, APT, BERA, and ARB face declining momentum, raising concerns among analysts. Market data suggests these tokens could underperform in the long run, making them potential sell candidates for risk-averse holders. 4 Altcoins To Sell Before Token Unlocks Trigger Market Volatility Upcoming token unlocks may lead to significant selling pressure. Data from Tokenomist indicates that over $742 million worth of tokens will be released between February 10 and 17. Notable unlocks include CONX, SAND, APT, BERA, and ARB, with individual values surpassing $5 million. The largest unlock is ARB, which will release 92.65 million tokens worth $40.57 million, representing 12.13% of its circulating supply. Meanwhile, SAND will see a 205.59 million token release worth $79.34 million, making up 8.41% of its supply. BERA, APT, and CONX will also experience substantial unlocks. The Sandbox (SAND) Sandbox (SAND), a blockchain-based virtual world, surged 10% in the past 24 hours, trading at $0.396. The platform allows users to create, build, and exchange digital assets in a gaming environment. Despite the recent increase, SAND has declined 10% over the past week. A scheduled unlock of 205.59 million tokens worth $79.34 million could impact the market. This event positions SAND as an altcoin to sell, with potential selling pressure ahead. By leveraging DAOs and NFTs, Sandbox continues fostering a decentralized gaming ecosystem. Berachain (BERA) Berachain (BERA) is changing Layer-1 economics with its Proof-of-Liquidity (PoL) mechanism, creating an efficient marketplace for validators, users, and applications. BERA is currently trading at $5.31, gaining 5.43% in the past 24 hours. A scheduled token release will introduce 12.98 million BERA tokens, valued at approximately $62.82 million. With a market cap of $570.82 million, BERA is under watch for potential volatility. Aptos (APT) Aptos (APT), a Layer 1…
Filed under: News - @ February 11, 2025 9:23 am