The digital asset world is having a significant event that could impact prices and market sentiments in the long run.

In the dynamic realm of digital assets, a significant event is unfolding that could influence price trends and market sentiment in the long run.

As Wu Blockchain highlighted, different cryptocurrencies will engage in token unlocks from April 14 to April 21.

Among the assets that will be affected by token unlocks in the upcoming seven days, TRUMP is facing the steepest unlock amid its downward spiral.

According to the Tokenomist report, this includes a $339.53 Million unlock for TRUMP by Friday, April 18.

The report by the crypto analytics firm noted that the total value of these tokens is over $906 Million.

These unlocks are being closely observed by market watchers due to the impact they could have on the ecosystem.

To provide some context, token unlocks involve the release of previously locked tokens into circulation, thereby increasing the overall supply.

If the level of market demand does not correspond with the new supply, it could lead to a decline in prices and potentially result in losses for investors who are holding the affected coins.

TRUMP token unlock will attract ecosystem interest, given its 30.54% decline in the last 30 days.

The planned volume that would be unlocked is about 20% of the total supply.

This large volume hitting the market at once when TRUMP is battling price stability might spell further woes for the asset’s price.

If many holders decide to sell, this could trigger higher downward price pressure than currently in the ecosystem.

As of writing, TRUMP price was changing hands at $8., a 3.95% decline in the last 24 hours. This coin hit $75.35 three months ago, shortly after it launched.

Interestingly, TRUMP has been on a downward trajectory ever since and has not been able to ride on any hype to post a rebound.

This has raised concerns among holders about the possible price direction TRUMP will assume after the token unlock.

Solana and Doge Offer a Softer Landing with Linear Unlocks

As per the update, Solana (SOL) and Dogecoin (DOGE) will unlock 465,770 and 96,520,000 tokens, respectively. In that order, their values are $60.95 million and $15.92 Million.

A notable difference between these two unlocks is that they are “linear unlocks.” That is, the release of tokens into circulation will occur gradually, not in a large batch all at once.

Although linear token unlocks can still negatively impact price, the effect is more evenly spread and could reduce the overall downward pressure on value.

Solana plans to unlock only 0.09% of its circulating supply, and this quantity might not exert too much downward pressure on price.

This optimism relies on SOL’s recent performance, which shows the coin is pushing bullish in the crypto market space as it rebounds from $125.52 and has breached the $128 resistance level.

SOL trades at $134.25, a 4.59% increase in the last 24 hours. Investors remain actively interested as trading volume has recorded a 17.17% uptick to $4.54 Billion within the same time frame.

This suggests that the current market demand could match the potential supply from the planned unlock.

Similarly, the linear unlock for DOGE is unlikely to pose any meaningful threat, even under bearish conditions.

Only 0.06% of the circulating supply is set for release, which might not upset price movement from its current trajectory.

In the last seven days, DOGE price has climbed by over 11% as it continues to knock on different resistance levels, hinting at a potential breakout.

Will the Altcoin Market Witness More Sellaffs?

Aside from these highlighted assets, many more altcoins will engage in token unlocks within seven days.

How their price reacts following the process will indicate whether the digital asset market will witness a massive selloff.

Holders will likely monitor price actions and dump if it triggers downward pressure on price.