3 Major Token Unlocks to Watch This Week

This week brings some significant token unlocks that could shake up the market. Token unlocks refer to the release of previously locked tokens, which are often tied to fundraising or project milestones. While projects plan these releases carefully, factors like low liquidity or early investors taking profits can impact prices. Here are three key unlocks to keep an eye on.

1. Arbitrum (ARB)

- Unlock Date: September 16

- Tokens Unlocked: 92.65 million ARB

- Circulating Supply: 3.49 billion ARB

Arbitrum, a leading Layer-2 scaling solution for Ethereum, is set to unlock over 92 million ARB tokens, valued at around $49.87 million. This release will go to the team, advisors, and early investors. While Arbitrum’s strong reputation in the crypto space could minimize negative impacts, such large unlocks often influence short-term price action.

2. ApeCoin (APE)

- Unlock Date: September 17

- Tokens Unlocked: 15.6 million APE

- Circulating Supply: 674.64 million APE

ApeCoin, the token behind Yuga Labs’ Ape ecosystem, including the Bored Ape Yacht Club (BAYC), will release 15.6 million APE tokens. Historically, large unlocks for ApeCoin have led to price drops, so investors should watch closely for potential volatility. These tokens will be distributed to the treasury, founders, and team.

3. Space ID (ID)

- Unlock Date: September 22

- Tokens Unlocked: 78.49 million ID

- Circulating Supply: 430.5 million ID

Space ID, a decentralized identity protocol connecting users across blockchains, will unlock nearly 80 million ID tokens. These will be distributed to the Space ID Foundation, ecosystem fund, and team. This unlock could affect the token’s price dynamics, making it a key event to follow.

Other notable unlocks this week include Echelon Prime (PRIME), Pixel (PIXEL), Lista DAO (LISTA), and Astar Network (ASTR), with a combined value of over $116m. While token unlocks can lead to short-term price drops, they are also tied to long-term project milestones, driving growth and development.
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