Top Token Unlocks to Watch Next Week in the Cryptocurrency Market
Token unlocking is a critical event in the cryptocurrency market, as it involves the release of previously locked tokens based on various factors. Here are the top token unlocks to watch out for next week:
Aptos (APT) Token Unlock
On August 12, Aptos, a layer 1 blockchain project, is set to unlock 11.31 million APT tokens out of its total circulation of 471.14 million APT. This unlock is aimed at distributing tokens to community members, core contributors, and investors. Aptos focuses on security and scalability for decentralized applications.
The Sandbox (SAND) Token Unlock
Scheduled for August 14, The Sandbox will unlock 205.59 million SAND tokens, accounting for 9% of its total circulation. This unlock is the last one for individual investors and aims to allocate tokens to teams, consultants, and company reserves. The Sandbox aims to scale decentralized applications and has seen significant volatility in its token value.
StarkNet (STRK) Token Unlock
StarkNet, a project developing ZK Rollup Layer-2 solutions on Ethereum, will unlock 64 million STRK tokens on August 15. These tokens will be distributed to investors and early contributors. STRK tokens play a critical role in the decentralization of the StarkNet network and community operations.
Arbitrum (ARB) Token Unlock
Developed by Offchain Labs, Arbitrum is a popular layer 2 solution on Ethereum. On August 16, Arbitrum is set to unlock 92.6 million ARB tokens, worth around $53.5 million. These tokens will be distributed to teams, advisors, and investors. Arbitrum aims to enhance scalability and efficiency on the Ethereum network.
Next week’s token unlocks include Cyber (CYBER), Render (RNDR), Apecoin (APE), Ethena (ENA), and Oasis Network (ROSE), with a total unlock value exceeding $230 million. Token unlocks, when strategically planned, can boost a project’s long-term sustainability and community engagement.
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