The post Top Altcoins to Avoid as Crypto Market Awaits US Job Data This Week appeared on BitcoinEthereumNews.com.

Key Insights: Altcoins like TAIKO and NEON face sell pressure amid token unlock and crypto market uncertainty. Upcoming US job data may shift Federal Reserve policy, adding more uncertainty to already shaky market. With market volatility mounting, some tokens are best placed on watch now. The crypto market is under pressure as altcoin unlock and the upcoming US job data dominate investor conversations. Notably, more than $369 million in token unlocks are expected between June 2 and June 9. While fresh employment figures are due on June 6, the week is shaping up to be critical for altcoins and Bitcoin. Market players are weighing the risks, especially for lesser-known tokens, advising altcoins to shun due to bearish sentiment. Altcoin Unlocks Spark Fears Over TAIKO and NEON This week, several altcoins are set to unlock large amounts of tokens, a move that often leads to falling prices. The biggest concern comes from TAIKO, which is unlocking 65.86% of its total supply valued at $81.55 million. Such a rapid release into circulation can lead to a price decline if buyers do not absorb the new supply. In past cases, similar unlocks have pushed prices down when market demand remained low. NEON is also on the watchlist. Although it is unlocking a smaller portion of its total supply (6.48%), the value is still significant at $53.19 million. Like TAIKO, the risk here is that sellers may outnumber buyers, creating a downtrend. Another altcoin, ENA, will release $212.50 million worth, but it may face less immediate pressure because it represents only 3.2% of its supply. Altcoins in pressure mode as the $369 million token unlocks and US job data raises crypto market fears. Image Source: WuBlockchain on X Larger assets in the crypto market like Solana (SOL), Avalanche (AVAX), and World (WLD) may continue…

---

Filed under: News - @ June 3, 2025 2:21 am