Krutika Adani
Crypto markets are about to see a $100 million token unlock this coming week as projects are set to reward their teams, investors, and early supporters.
The top tokens scheduled for release this week are the Manta Network (6.67 million MANTA), Space ID (78.5 million ID), and Pixels (54.38 million PIXEL).
Just last week, we saw an airdrop of 3.7 billion tokens from zkSync, which essentially sank its price.
This week, as the token unlocks happen in a sideways market, we can expect more selloffs in tokens with weak volumes.
If you hold these tokens, it's better to either sell them and buy them at a lower price or stay invested for the long term to avoid harming your portfolio.