The following three altcoins—Aptos （APT）, Arbitrum （ARB）, and AltLayer （ALT）—are highlighted as altcoins to avoid this season due to significant token unlocks and potential downward price pressure.
Points
- Aptos （APT） is set to unlock 11.31 million tokens, potentially impacting its price.
- Arbitrum （ARB） has significant token releases planned, likely to exert downward pressure.
- AltLayer （ALT） will unlock a large number of tokens, potentially affecting its market value.
Aptos （APT）
The first scheduled unlock is from Aptos, a recurring project. It is a layer-one blockchain designed for scalability, reliability, and security. Aptos aims to provide faster transaction speeds and lower costs, making it suitable for various decentralized applications. On July 12th, they plan to unlock 11.31 million APT tokens worth $77 million, constituting 2.59% of the project’s circulating supply. The three-month chart shows a drop in price, from around $14 to below $6. This recent unlock could continue to put downward pressure on the price.
Arbitrum （ARB）
Next on the list is Arbitrum, a layer-two scaling solution for Ethereum designed to improve transaction speeds and reduce costs. Arbitrum uses optimistic rollups to enhance Ethereum’s efficiency and scalability. In May, Arbitrum released $95 million, followed by $105 million in June. On July 16th, they plan to release another $75 million in tokens for its team, advisors, and investors. Since March, the price of ARB has dropped significantly, from an all-time high of $2.27 to around $0.63.
AltLayer （ALT）
Lastly, the decentralized protocol AltLayer is set to unlock 684 million ALT tokens worth about $125 million on July 25th. These tokens are allocated to its team, investors, advisors, protocol development, treasury, ecosystem, and community. The price of ALT has dropped significantly, and the upcoming unlock is likely to add more downward pressure.
Conclusion
Given the substantial token unlocks scheduled for Aptos, Arbitrum, and AltLayer, these altcoins