Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.

Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.

7 unlocks to watch this week

Starknet (STRK)

  • Unlock Date: April 15

  • Number of Unlocked Tokens: 64,000,000 STRK

  • Current Circulating Supply: 728,000,000 STRK

Starknet is developing a second-layer (L2) ZK-Rollup solution for scaling decentralized applications on Ethereum. Following an investment round, the team released the #STRK token, which plays a crucial role in decentralizing the network. On April 15th, the project will unlock 64 million STRK tokens, which will be distributed among investors and early participants.

Arbitrum (ARB)

  • Unlock Date: April 16

  • Number of Unlocked Tokens: 92,650,000 ARB

  • Current Circulating Supply: 2,653,939,384 ARB

Arbitrum is one of the most popular Layer 2 (L2) solutions for Ethereum, developed by Offchain Labs. The project's mainnet was launched in August 2021. Funding came from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, entrepreneur Mark Cuban, and the cryptocurrency exchange Coinbase. 90 million #ARB tokens, to be unlocked next week, are allocated for the project team and investors.

ApeCoin (APE)

  • Unlock Date: April 17

  • Number of Unlocked Tokens: 15,600,000 APE

  • Current Circulating Supply: 627,840,909 APE

ApeCoin is the native token of the Ape ecosystem by Yuga Labs, which includes one of the most popular NFT collections, the Bored Ape Yacht Club. #APE typically reacts to unlocks with a drop, but considering the renewed interest in non-fungible tokens overall and BAYC in particular, the next dip may not be as significant.

Axie Infinity (AXS)

  • Unlock Date: April 17

  • Number of Unlocked Tokens: 10,870,000 AXS

  • Current Circulating Supply: 143,203,258 AXS

Axie Infinity is one of the most well-known Play-to-Earn projects, created by Sky Mavis. The game is set in a virtual environment populated by creatures called "axies." The platform allows players to breed them, creating new characters. Players earn rewards by winning battles and selling axes. The platform's native token, AXS, is used for platform development and various other tasks. The majority of the released coins on April 17th, approximately 6 million, belong to the project team. The remaining tokens will be used for staking rewards and allocated to the ecosystem fund.

Manta (MANTA)

  • Unlock Date: April 18

  • Number of Unlocked Tokens: 21,670,000 MANTA

  • Current Circulating Supply: 250,036,078 MANTA

Manta Network is a modular blockchain for zero-knowledge proof (ZK) applications. Tokens unlocked at the end of next week are intended for participants in the public sale round.

ImmutableX (IMX)

  • Unlock Date: April 19

  • Number of Unlocked Tokens: 34,190,000 IMX

  • Current Circulating Supply: 1,423,019,954 IMX

Immutable X is a Layer 2 solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million in just one hour during the IMX token sale on the CoinList platform. It then closed a $60 million investment round and in March 2022, received an additional $200 million from ParaFi Capital, Declaration Partners, Tencent Holdings, and other companies. More than half of the IMX supply is still locked. Unlocked tokens on April 19th will be received by developers and participants in the private funding round.

Pixels (PIXEL)

  • Unlock Date: April 19

  • Number of Unlocked Tokens: 54,380,000 PIXEL

  • Current Circulating Supply: 771,041,667 PIXEL

Pixels is a multiplayer game on the Ronin blockchain. The #PIXEL token is used as in-game currency and for community governance. Holders can mint NFTs, purchase items and VIP passes, join guilds, and participate in project development voting.

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