Aptos (APT),The Sandbox (SAND),Arbitrum (ARB),and Starknet(STRK). Here are four major token unlocks to watch next week.
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics.
Aptos (APT)
Unlock date: August 12
Number of tokens unlocked: 11.31 million APT
Current circulating supply: 471.14 million APT
2.The Sandbox (SAND)
Unlock date: August 14
Number of tokens unlocked: 205.59 million SAND
Current circulating supply: 2.28 billion SAND
The Sandbox conducts two token unlocks per year, i.e., in February and in August. Its second unlock for 2024 is scheduled for August 14, 2024. The project is scheduled to unlock 205.59 million SAND tokens, which make up 9% of the circulating supply, and spread it among the team, advisors and company reserve. Notably, this is the last unlock for private investors.
3.Starknet(STRK)
Unlock date: August 15
Number of tokens unlocked: 64 million STARK
Current circulating supply: 1.6 billion STARK
Starknet is developing a ZK-Rollup Layer-2 solution to scale decentralized applications on Ethereum. Following a successful investment round, the team introduced the STRK token, essential for decentralizing the network.
4.Arbitrum (ARB)
Unlock date: August 16
Number of tokens unlocked: 92.6 million ARB
Current circulating supply: 3.33 billion ARB
Next week, Arbitrum will unlock over 90 billion ARB, currently valued at approximately $53.5 million. The team, advisors, and investors will receive these tokens.
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