6 Major Token Unlocks in January 2023
According to Token Unlocks, six significant token unlocks are scheduled for the latter half of January 2023, with a total value reaching up to $169 million.
6 Major Token Unlocks in January 2023
From January 11 to January 27, 2023, six major token unlocks will occur, totaling approximately $169 million, as reported by Wu Blockchain with data from Token Unlocks.
According to Token Unlock, the following tokens will be unlocked in January:
— Wu Blockchain (@WuBlockchain) January 2, 2023
46,182,879.41 GLMR on January 11, accounting for 4.618% of the total supply, worth about $15m
4,543,478.03 APT on January 12, accounting for 0.454% of the total supply, worth about $16m
The upcoming token releases will affect Moonbeam (GLMR), Aptos (APT), BitDAO (BIT), ApeCoin (APE), Axie Infinity (AXS), and Ronin (RON), detailed as follows:
- Moonbeam – January 11: Unlocking 46,182,879.41 GLMR, which constitutes 4.618% of the total supply, valued at around $15 million.
- Aptos – January 12: Releasing 4,543,478.03 APT tokens, representing 0.454% of the total supply, valued at approximately $16 million.
- BitDAO – January 15: The largest unlock of the month with 187,500,000.02 BIT tokens, making up 1.82% of the total supply, worth $67 million.
- ApeCoin – January 17: Unlocking 7,343,750 APE tokens, equivalent to 0.734% of the total supply, valued at $28 million.
- Axie Infinity – January 23: The second-largest unlock with 4,893,759 AXS tokens, accounting for 1.812% of the total supply, worth $31 million.
Ronin – January 27: Unlocking 41,932,626 RON, which is 4.293% of the total supply, valued at $12 million.
Token Unlock Schedule for January 2023. Source: Token Unlocks
These are just the high-value token unlocks for January. Several other projects also have token unlock schedules around the same time, which users can check out for more details. Additionally, many more unlocks are planned throughout 2023, and Coin68 will continue to provide updates.
here is everything you need to know about crypto unlocks in 2023 pic.twitter.com/qccDRcO9Sr
— Karl (@karl_0x) December 22, 2022
Price Performance Overview
Among these tokens, BIT leads in weekly growth. It has surged by 31.27% over the past seven days and increased by 10.32% in the last 24 hours.
APT and APE have also seen gains, rising 2.99% and 7.7% over the past week, with adjustments of 5.09% and 1.05% in the past 24 hours, respectively.
1H Chart of APT/USDT on Binance as of 11:00 AM on 03/01/2023
1H Chart of APE/USDT on Binance as of 11:00 AM on 03/01/2023
However, AXS has shown a somewhat negative reaction. Despite a 2.14% increase in the past 24 hours, it has dropped 6.5% over the previous seven days.
1H Chart of AXS/USDT on Binance as of 11:00 AM on 03/01/2023
The community should be cautious about these token unlocks, as they may trigger profit-taking moves by holders, especially given the current highly sensitive market conditions.
