The most important token unlocks this week
We tell you which tokens will be unlocked in the coming week, and how major unlocks can affect the market dynamics
Unlocking is the unlocking of tokens that were previously frozen under the terms of investment rounds or other fundraising programs.
Usually, the team works out the tokenomics carefully so as not to cause a lot of selling pressure at various stages of unlocking and thereby collapse the token price. Nevertheless, some factors, such as lack of liquidity or profit taking by early investors immediately after token unlocking, can seriously hit the asset's price.
BeInCrypto's editorial team has selected 5 important unlocks to watch out for next week.
1. Optimism (OP)
-- Unlock date: July 15
-- Number of tokens unlocked: 10,000,000 OP
-- Current circulating supply: 1,121,728,540 OP
2. Starknet (STRK)
--Unlock date: July 15
--Number of unlocked tokens: 64,000,000 STRK
--Current circulating supply: 1,300,311,845 STRK
3. Arbitrum (ARB)
--Unlock date: July 16
--Number of unlocked tokens: 92,650,000 ARB
--Current circulating supply: 3,231,588,116 ARB
4. Axie Infinity (AXS)
---Unlock date: July 16
--Number of unlocked tokens: 2,450,000 AXS
--Current circulating supply: 147,822,100 AXS
5. ApeCoin (APE)
---Unlock date: July 17
--Number of tokens unlocked: 15,600,000 APEs
--Current circulating supply: 674,644,886 APE
