The cryptocurrency market is bracing for a significant shift in prices as massive token unlocks approach. This event can impact supply and demand dynamics, making traders and investors cautious. According to the Token Unlocks App, $45.72 million worth of cliff unlocks will occur in the coming week, affecting six cryptocurrencies.

AltLayer (ALT) will face the largest unlock, with 105.21 million ALT tokens worth $20.03 million being released on June 25. This significant increase in supply may lead to a price dip. Yield Guild Games (YGG) will also experience a substantial unlock, with 16.69 million tokens worth $1067 million being released on June 27.

Ethena (ENA) will see an unlock of 14.89 million coins worth $8.88 million on June 23, while SingularityNET (AGIX) will witness an unlock of 8.57 million tokens worth $5.51 million on June 28. Acala (ACA) and 1inch (1INCH) will also experience smaller unlocks. These events may lead to increased supply and potential price drops.

The impact of token unlocks on cryptocurrency prices is evident in previous instances. Arbitrum (ARB) and Space ID (ID) recently experienced significant price dips following their token unlocks. Traders and investors are advised to exercise caution and avoid trading these cryptocurrencies until the unlocks are complete.

In conclusion, the impending token unlocks pose a significant risk to the prices of these six cryptocurrencies. As the market prepares for this event, traders and investors must be cautious and consider avoiding these tokens until the unlocks are complete. The potential price dips may provide opportunities for savvy investors, but it's essential to prioritize risk management in this volatile market.