Here are the cryptocurrencies to avoid next week

A number of significant token unlocks are already on the way, preparing the cryptocurrency market for strong volatility for a number of altcoins.

Unlocking tokens results in the release of previously locked tokens to the market, thereby increasing supply and potentially affecting prices. Here's a preview of future unlocks and their likely consequences.

Next week there will be $182.2 million worth of token unlocks. Some of them include:

Arbitrum (ARB)

ARB , which is currently trading at $0.9227, will release approximately $86.23 million worth of tokens by June 16. This unlock consists of about 96.13 million ARBs or about 3.32% of the circulating supply, which could cause the price to drop.

Space ID (ID)

ID is priced at $0.5654 and will unlock a total of $78.49 million worth of tokens on June 22, representing 18.23% of the circulating supply. This significant move could also reduce the cost of ID.

Pixels

On June 19, PIXEL, which at the time of writing is valued at $0.3621, will unlock $19.65 million worth of tokens. That's 54.38 million PIXEL tokens, making it roughly 7.05% of the project's total supply, which could have a negative impact on its value.

ApeCoin (APE)

Trading at $1.05, APE will release 15.6 million locked tokens worth approximately $16.35 million by June 17th, this amount represents approximately 2.48% of its ApeCoin supply, therefore this may cause investors to worry about possible future downward price movements .

Manta Network (MANTA)

As of June 18, Manta Network will unlock 7.87 million tokens worth $10.8 million, representing 2.42% of the total, suggesting a possible impact on MANTA's market performance. At the time of writing, the altcoin is trading at $1.27.