- Various crypto projects will inject $364.45 million into the crypto market between April 8 and 14.
- Aptos will dominate this week’s token unlock with a volume of $351.02 million.
- Other projects set to unlock new tokens include CyberConnect, Moonbeam, Euler, and 1inch Network.
According to Token Unlocks, the cryptocurrency tracking platform, various crypto projects will inject $364.45 million into the crypto market between April 8 and 14. In a recent post on X, the tracker cited Aptos (APT), CybeConect (CYBER), Moonbeam (GLMR), Euler (EUL), and 1inch Network (1INCH) as the crypto projects scheduled to unlock new tokens this week.
Token Unlock’s details showed that Aptos would release the highest volume among the set by introducing 6.24% of its total APT supply into the crypto market this week. The value of the APT volume set to be released is equivalent to $351.02 million, according to the post by Token Unlock.
Furthermore, the crypto token tracker noted that CyberConnect, the Web3 social network, will unlock 5.98% of its total token supply this week. The tracker also highlighted that the value of the tokens set to be unlocked is $11.71 million.
According to Token Unlock’s post, Aptos and CyberConnect will be responsible for the bulk of the volume injected into the cryptocurrency market this week. However, it recognized the contribution of the other three projects in line with their original token unlock schedules.
Moonbeam, the Ethereum-compatible smart contract parachain on Polkadot, will unlock 0.35% of its total GLMR supply. That will be worth $1.29 million, while Euler, the capital-efficient permissionless lending protocol, will contribute $380,000 to the crypto market by unlocking 0.41% of its total EUL supply.
Token Unlock also noted that 1inch Network, a blockchain project that unites decentralized protocols in the DeFi space, would release 0.03% of its total supply this week. That will amount to $132,000, contributing to the total volume injected into the crypto market between April 8 and 14.
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