4 Token Unlocks to Watch Next Week
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APTUSD
ARBUSD
RNDRUSD
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. Here are four major token unlocks to watch next week.
1 APTUSD
âą Unlock date: August 12
âą Number of tokens unlocked: 11.31 million APT
âą Current circulating supply: 471.14 million APT
Aptos is a Layer-1 blockchain that aims
Arbitrum ARBUSD
âą Unlock date: August 16
âą Number of tokens unlocked: 92.6 million ARB
âą Current circulating supply: 3.33 billion ARB
2 Starknet (STRK)
âą Unlock date: August 15
âą Number of tokens unlocked: 64 million STARK
âą 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
3 Arbitrum
, developed by Offchain Labs, is one of the most popular Layer-2 solutions for Ethereum. The mainnet launched in August 2021, with funding from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, entrepreneur Mark Cuban, and cryptocurrency exchange Coinbase.
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.
The Sandbox (SAND)
âą Number of tokens unlocked: 205.59 million 4 SAND
âą 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
