The cryptocurrency market is bracing for a significant shift in prices as massive token unlocks are set to occur. This event will release previously locked tokens into the market, increasing supply and potentially leading to a bearish trend. Over the next week, $182.20 million worth of tokens will be unlocked, affecting eight cryptocurrencies.

Arbitrum (ARB) tops the list, with 96.13 million ARB tokens worth $86.23 million set to be unlocked on June 16. This may lead to a decline in ARB's price. Space ID (ID) will experience a significant unlock of 78.49 million ID tokens worth $44.37 million on June 22, potentially causing a price slump.

Other cryptocurrencies affected by token unlocks include Pixels (PIXEL), ApeCoin (APE), Manta Network (MANTA), Render (RNDR), NYM Coin, and Euler (EUL). These unlocks may lead to a decrease in value for these coins.

Investors are advised to exercise caution when trading these cryptocurrencies. As seen in the past, token unlocks exceeding 1% of the circulating supply can significantly impact prices. The crypto market is eagerly watching these tokens for potential price shifts.

In conclusion, the impending token unlocks may lead to a bearish trend for these eight cryptocurrencies. Traders are advised to be cautious and monitor price movements closely.