The platform’s token unlock data highlighted that the tokens released by projects since the beginning of the year have amounted to over $1.3 billion. CryptoRank data also revealed that the largest unlock value recorded was on January 1, valued at $910 million, while the lowest was on January 2, valued at $62 million. The week began with token unlocks worth $63 million, with more expected throughout the week.
The research platform also confirmed that the third week of this month, from January 13 to 19, will record the highest unlock value, worth $4 billion. The January 6-12 week, the 20-26 week, and the January 27- February 2 week are expected to record $986 million, $509 million, and $1 billion in unlocks, respectively.
CryptoRank confirmed that token unlocks involved releasing tokens locked up by different projects over a certain period, referred to as the vesting period. Token unlocks release the tokens to different project areas, including investors, the project’s team, governance nodes, development funding, marketing, and rewards.