Unlocking Tokens: A Look at Next Week’s Releases
Token unlocking is the release of previously frozen tokens based on the fundraising situation. The project carefully schedules these releases to avoid market pressure and prevent the token price from falling. However, factors such as lack of liquidity or profit-taking by early investors can have a significant impact on the dynamics of the asset. Here are the four main token unlocks to watch next week.
Aptos (APT)
- Unlock date: August 12
- Number of unlocked tokens: 11.31 million APT
- Current circulation: 471.14 million APT
Aptos is a layer 1 blockchain designed to provide secure and scalable infrastructure for decentralized applications. It focuses on security and performance, leveraging emerging technologies to enhance your blockchain experience. Aptos is considered one of the most successful blockchain projects in the past few years.
The Sandbox (SAND)
- Unlock date: August 14
- Number of unlocked tokens: 205.59 million SAND
- Current circulation: 2.228 billion SAND
The Sandbox unlocks tokens twice a year, in February and August. The project plans to unlock 225.59 million SAND tokens on August 14, equivalent to 9% of the circulating supply. This unlock is the last one for individual investors. The value of SAND has fallen significantly, but retail investors are still seeing high ROI.
Starknet (STRK)
- Unlock date: August 15
- Number of unlocked tokens: 64 million STRK
- Current circulation: 1.6 billion STRK
Starknet is developing ZK Rollup Layer-2 solutions to scale decentralized applications on Ethereum. The project will unlock 64 million STRK on August 15 and distribute them to investors and early contributors. The STRK token is critical to the decentralization of the network.
Next week’s Cliff Unlocks also include Arbitrum (ARB), Cyber (CYBER), Render (RNDR), Apecoin (APE), Ethena (ENA), and Oasis Network (ROSE), with a combined value of over $230 million. While many view token unlocking as bearish, a carefully planned timeline can enhance a project’s long-term viability.
