8 Cryptocurrencies To Avoid Trading This Week As Token Unlocks Loom

Brace for Impact: 8 Cryptocurrencies Set to Drop as Major Token Unlocks Approach
The cryptocurrency market is on edge as upcoming token unlocks threaten to increase supply and drive prices down. Here are eight cryptocurrencies you might want to avoid trading this week:

**Arbitrum (ARB)**
Currently trading at $0.9227, ARB will unlock $86.23 million worth of tokens on June 16, impacting 3.32% of its circulating supply.

**Space ID (ID)**
ID, trading at $0.5654, faces a $44.37 million token unlock on June 22, affecting 18.23% of its circulating supply.

**Pixels (PIXEL)**
PIXEL, now at $0.3621, will unlock $19.65 million worth of tokens on June 19, impacting 7.05% of its supply.
**ApeCoin (APE)**
APE, priced at $1.05, is set to unlock $16.35 million worth of tokens on June 17, affecting 2.48% of its supply.

**Manta Network (MANTA)**
MANTA, trading at $1.27, will unlock $10.8 million worth of tokens on June 18, impacting 2.42% of its supply.

**Render (RNDR)**
RNDR, priced at $8.05, faces a $6.12 million token unlock on June 16, affecting 0.20% of its supply.

**NYM Coin**
NYM, trading at $0.1366, will unlock 2.96 million tokens on June 17, impacting 0.37% of its supply.

**Euler (EUL)**
EUL will unlock 88.98K tokens worth $386.16K on June 19, affecting 0.48% of its supply.
Historically, token unlocks exceeding 1% of the circulating supply have led to significant price declines. As these events approach, traders are closely monitoring these cryptocurrencies for potential price drops