- Large token unlocks, including CONX and SAND, could impact market liquidity significantly.
- AVAX and SOL lead with major unlocks, totaling millions in value this week.
- Tokens like ZKJ and BERA will see high percentage releases, driving potential volatility.
The cryptocurrency market is bracing for significant token unlock events between February 10 and February 17.
According to Tokenomist, the total value of these unlocks is expected to top $742 million. These events, split into cliff unlocks and linear unlocks, could seriously affect the liquidity and price action of several cryptocurrencies. Tokens with individual unlock values over $5 million include big names like CONX, SAND, APT, SOL, WLD, DOGE, and others.
Cliff Unlocks: High-Value Token Releases
Cliff unlocks will see major releases of locked tokens into the market. Notably, CONX will unlock 4.33 million tokens totaling $88.06 million, a whopping 376.30% of its circulating supply. Similarly, SAND is set to release 205.59 million tokens worth $79.34 million, making up 8.41% of its supply.
Related: $79.95M in Crypto Set to Unlock: A Token Shake-Up In Feb 2025?
Other significant unlocks include APT, which will release 11.31 million tokens valued at $64.35 million (1.97% of the supply), and BERA, with a release of 12.98 million tokens worth $62.82 million (12.08%). In the meantime, ARB will unlock 92.65 million tokens valued at $40.57 million, accounting for 2.13% of its circulating supply.
Additionally, AVAX will release 1.67 million tokens valued at $40.65 million, while ZKJ will unlock 17.22 million tokens worth $34.96 million, representing 28.52% of its circulating supply. Large releases are also expected for ATH (630 million tokens, $23.21 million), STRK (64 million tokens, $14.84 million), and SEI (55.56 million tokens, $12.06 million).
Linear Unlocks: Gradual Token Flow
Linear unlocks, which release tokens over a period, also involve significant values. SOL leads the list with 465.77 million tokens worth $93.05 million to be unlocked. WLD follows with 37.23 million tokens valued at $44.30 million, adding up to 3.92% of its supply.
Related: Insider Unlocks Set to Impact Market Dynamics: January 27 – February 2, 2025
Other notable unlocks include DOGE, releasing 95.52 million tokens worth $23.31 million, and TIA, with 6.99 million tokens valued at $21.37 million. Plus, AVAX will release 700,000 tokens worth $16.84 million, and TAO will unlock 50.40 million tokens valued at $18.17 million.
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