Aptos Unlocking Tokens Worth $222 Million
Aptos, a Layer-1 network that originated from Facebook’s Libra project, is set to unlock nearly 25 million tokens worth $222 million on February 11. This represents over 7% of the token’s circulating supply.
The Sandbox Unlocking Tokens Worth $88 Million
The Sandbox, a metaverse platform where users can buy virtual land, will unlock 205 million tokens worth $88 million on February 14. This accounts for 9% of the token’s circulating supply.
Avalanche Unlocking Tokens Worth $344 Million
Avalanche, a layer-1 network aiming to scale to 100,000 TPS, will unlock 9.5 million tokens worth $344 million on February 21. This represents 2.6% of the circulating supply and brings the total unlocked AVAX tokens to 60%.
Optimism Unlocking Tokens Worth $72 Million
On February 28, Optimism will unlock 24 million tokens worth $72 million. These tokens represent 2.5% of Ethereum L2 network’s circulating supply.
Smaller Unlocks in February
In addition to the major unlocks mentioned above, there are several smaller unlocks scheduled for February. These include Cyberconnect tokens worth $16 million on February 13, ApeCoin tokens worth $21 million on February 16, Manta Network tokens worth $18 million on February 18, and Space ID tokens worth $5 million on February 21.
Hot Take: Unlocking Tokens Impact on Crypto Market
The unlocking of significant amounts of tokens in various crypto projects throughout February could have a substantial impact on the market. As these tokens become available, they may enter circulation and potentially affect the token prices and overall market sentiment. It will be interesting to observe how these unlocks unfold and their consequences for the crypto industry.
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