Major Token Unlocks Scheduled for SCR, ALT, and WAL Tokens – Coincu
The post Major Token Unlocks Scheduled for SCR, ALT, and WAL Tokens – Coincu appeared on BitcoinEthereumNews.com.
Key Points: SCR, ALT, WAL tokens will see over $5 million unlocked. SCR unlocks $8.69 million on April 22nd. Price volatility expected due to increased token supply. Sustaining interest in the crypto market, upcoming token unlock events for SCR, ALT, and WAL will occur from April 21 to April 27, 2025. These unlocks amass substantial value exceeding $5 million per token. SCR, ALT, and WAL are opening up a large number of their respective tokens to the market, signifying potential shifts in supply dynamics and market price volatility. Token Unlocks to Release Over $20 Million into the Market SCR is set to unlock 39 million tokens valued at approximately $8.69 million, representing 3.9% of its circulating supply. On April 26, ALT will follow with 246 million tokens unlocked, amounting to $6.54 million, representing 2.47% of its circulating supply. Meanwhile, WAL is planned to release 17.5 million tokens on April 27, with an approximate market value of $6.8 million. Increased market supply of these tokens could lead to notable price volatility. Historical patterns often suggest fluctuations in market value following such large token unlocks, which can lead to market uncertainty for these cryptocurrencies in the short term. Despite the magnitude of these events, there was “no public commentary from project leaders on these unlock activities.” Reports indicate there have been no reactions from government entities, and no regulatory actions have been disclosed according to ChainCatcher and RootData. Past Token Unlocks Show Potential for Market Instability Did you know? In earlier cases of token unlocks, cryptocurrencies such as ARB saw a drop of 10% in value following their token releases, emphasizing the potential volatility impacts associated with such events. According to CoinMarketCap, Scroll’s token price is currently $0.25, with a market cap of $47.2 million. The market has seen a 7-day increase…
Filed under: News - @ April 20, 2025 9:12 pm