Three Major Token Unlocks Scheduled for the Upcoming Week: PORTAL, ALT, and NFP

Token unlocks are events when blockchain projects release previously restricted tokens to the market. These events are carefully planned to manage market impact and volatility.

Several blockchain projects are set to unlock tokens in the upcoming week. These events, usually planned to minimize market impact, can lead to significant price movements.

Here are three major token unlocks to watch for the week:

1. Portal (PORTAL)

Being the native utility token for a cross-chain Web3 gaming platform, PORTAL is used to connect gamers and developers across multiple blockchain networks. This upcoming unlock will release tokens from several rounds of allocation.

For instance, the Team & Advisors allocation will increase by approximately 920,000 tokens, while the Treasury allocation will add around 3.31 million tokens.

With three rounds still pending, this unlock could inject fresh liquidity into the market, aiming to impact price dynamics and incentivize further ecosystem development.

2. AltLayer (ALT)

This decentralized protocol is designed to help blockchain developers launch and optimize Layer-2 rollups via its “restaked rollup” mechanism. The ALT token is used in staking, governance, and protocol fee payments.

This unlock is distributed across several allocations: Foundation/Treasury, Protocol Development, Ecosystem & Community, Team, Seed Round, Strategic Round, and Strategic Partners. This significant token release will likely enhance liquidity and further support AltLayer's scaling and security initiatives.

Previously in 2024, ALT saw a significant drop in price ahead of its $100 million token unlock. However, the upcoming unlock is significantly smaller, but market volatility should be expected.

3. NFPrompt (NFP)

An AI-powered content creation platform for Web3, NFPrompt empowers users to generate and monetize digital art and NFTs using advanced AI tools. The native NFP token is used for staking, payments, contest participation, and governance.

In this unlock, allocations will come from the Short-Term Growth Fund, Long-Term Treasury Fund, Team, and Investors. This release will add fresh tokens to the circulating supply, aiming to impact the token's liquidity and market sentiment.

Overall, these unlocks represent nearly $17.71 million worth of tokens entering the market this week.

With fresh liquidity and increased participation in governance and staking, investors and community members should watch for potential price volatility and strategic shifts in each project's roadmap.