Get Ready for a Wild Ride: Altcoin Market Braces for Major Events

The altcoin world is gearing up for a rollercoaster week as big events loom on the horizon, ready to shake up prices and send the market into a frenzy. Buckle up, because here's what's coming your way in the next few days.

Hold onto your hats, traders! The much-hyped $4 billion-token debut from pump.fun got delayed from its original June 25 launch, leaving everyone hungry for more chances to cash in on major token launches and other juicy market moves.

Get ready for a fireworks show, because in the coming days, a slew of tokens and projects have major events lined up that could send prices soaring or crashing and turn the market upside down.

Here's the lowdown on the altcoin announcements that'll keep you on the edge of your seat next week:

Infinex: Big Announcement on June 24

Infinex is about to drop a bombshell on June 24 at noon EST, according to their X account and a tease from Infinex Founder Kain Warwick at Token2049. The altcoin trading community is buzzing that it might have something to do with their new "Infinex Connect" platform.

Infinex Connect lets you link up your account with external dApps and tap into Infinex features through dApps. Even though Infinex doesn't have its own token, they've got a slick governance system where you can rack up "governance points" to juice up activity on the platform.

MGO: Token Launch and Airdrop Events on June 24

Mango Network is revving up to launch its token generation event with a mind-blowing 10 billion MGO in total supply. The token is set to hit the shelves on big crypto exchanges like Bitget, MEXC, and KuCoin on June 24, 2024 at 09:00 AM UTC.

Get ready for a feeding frenzy, because they're setting aside 1 billion MGO to rain down on early supporters through airdrops. 5% will be dropped during a testnet event, and another 5% during the mainnet airdrop. This could send the new token's price skyrocketing, but don't forget about the seven-year unlocking period that could throw a wrench in the works.

AST: AirSwapDAO Discord Call on June 25

AirSwap's native token, AST, just rocketed up 53% in the market ahead of a highly anticipated members-only Discord call. The call is scheduled to go down on June 25 at 6:30 UTC, and the hype surrounding the governance call might be fueling AST's current rally.

BLAST: 34% Token Unlocking on June 26

Hold tight, because on June 26 at 22:00 Beijing time (14:00 UTC), a whopping 10.5 billion BLAST tokens are set to hit the market. That's a massive 35% of the total circulating supply, worth around $25 million at current prices.

Brace yourself for a potential price drop, because history shows that unlocks this big can create a tidal wave of sell pressure. Analysts are predicting a 23% nosedive for BLAST next week. Keep your eyes peeled for a continued dip, but there's always a chance for a rebound if on-chain usage soaks up the decline.

INJ: Injective Summit on June 26

The Injective Summit on June 26 is gearing up to make some serious waves with announcements about "Injective Alpha" and other big-time integrations, according to the summit materials.

If the news is good, it could light a fire under INJ's price, as it usually climbs before and after events like these due to all the anticipation. A strong announcement might trigger a massive breakout, but if it's a dud, be ready for a sharp drop.

ACX: 100m Token Unlock on June 29

Across Protocol is set to unleash 100 million ACX tokens on June 29, which is a hefty 22.65% of its circulating supply and worth around $15.7 million. While it's not as big as the massive June 28 release, it could still stir up some selling pressure in the altcoin market.

If a bunch of traders decide to cash out instead of holding, the price could tank by 10% to 15%. But if they choose to stake or the protocol absorbs tokens for liquidity incentives, the impact might not be as bad.

OP: Over 31m Token Unlock on June 29

On June 29, Optimism is set to unlock a hefty 31.34 million OP tokens, which is around 1.83% of its circulating supply and worth approximately $18 million.

In the past, unlocks of this size have triggered 2% to 3% price drops as token holders rush to sell before the market corrects. But there's always a chance for new buyers to swoop in and soften the blow during the dip.

BERA: Berachain Begins to Shift Revenue Focus

Berachain's mainnet is shaking things up by focusing on revenue generation through its "proof-of-liquidity" model, pouring protocol fees back into liquidity over the coming weeks. This shift could draw in yield-hungry investors, potentially sending BERA's price soaring.

But remember, the real test is whether they can actually bring in the revenue and how the altcoin market reacts to the change.

SNX: Synthetix Exchange Prepares to Go Live on Ethereum

Synthetix dropped a bombshell earlier this month, announcing that they'll be launching their first perpetual futures DEX on the Ethereum Mainnet. They haven't spilled the beans on an exact date yet, but the altcoin trading community is buzzing with anticipation.

For SNX, live trading action could reignite demand as users move their positions and liquidity back to Ethereum. This move could also beef up SNX governance and fee-tier structures tied to perps volume.

BTC: Iran Geopolitical Risk Watch

With geopolitical tensions cranking up after the U.S. airstrikes on Iranian nuclear facilities, Bitcoin has taken a hit, dipping below the $100,000 mark and bottoming out at $98,467. It's clawed its way back up, barely hanging on above $100k at $101,857.

Keep your eyes peeled for any retaliation from Iran, which could send shockwaves through both the crypto and macro markets. U.S. agencies have warned that Iranian hacker groups might strike back with cyberattacks targeting financial systems, including crypto.

The fear has already spread to the Bitcoin ETFs market, with inflows dropping over 26% compared to the previous week.