3 cryptocurrencies to avoid trading this week:
1. Heroes of Mavia (MAVIA): MAVIA will dominate the 7-day inflation with a significant amount of tokens being unlocked on May 6. This could potentially have a large impact on the price in the short term.
2. Galxe (GAL): Galxe will release a substantial number of tokens this week, representing a significant portion of the project’s capitalization. This supply inflation is a strong signal to avoid trading GAL.
3. Hashflow (HFT): Hashflow has a sizable cliff unlock scheduled for May 7, with a significant value entering circulation. The distribution of these tokens is heavily weighted towards early investors, ecosystem development, and team profits.
While these cryptocurrencies may still perform well in the coming days, it is important to exercise risk management and avoid trading them due to the potential supply pressure created by the unlocking of tokens.