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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
02/01/2023

17 Noteworthy Token Unlocks in February 2023

In February 2023, 17 projects, including 1inch, Tornado Cash, Moonbeam, ApeCoin, and Aptos, will unlock a portion of their tokens. The total value of tokens set to be unlocked this February amounts to $588.4 million, according to Token Unlocks. Among these, 1inch, Moonbeam, Aptos, ApeCoin, and Tornado Cash are notable for their significant unlock schedules. Top 3 Token Unlocks for the Month: * Sandbox (SAND) – February 14: The largest unlock of the month will release 372 million SAND, which

17 Noteworthy Token Unlocks in February 2023

In February 2023, 17 projects, including 1inch, Tornado Cash, Moonbeam, ApeCoin, and Aptos, will unlock a portion of their tokens.

The total value of tokens set to be unlocked this February amounts to $588.4 million, according to Token Unlocks.

Among these, 1inch, Moonbeam, Aptos, ApeCoin, and Tornado Cash are notable for their significant unlock schedules.

Top 3 Token Unlocks for the Month:

  • Sandbox (SAND) – February 14: The largest unlock of the month will release 372 million SAND, which represents 12.419% of the total supply, equating to approximately $266 million.
  • BitDao (BIT) – February 15: The second largest unlock will involve 187 million BIT tokens, valued at $97 million.
  • Aptos (APT) – February 12: Aptos will unlock tokens worth $75 million, marking the third largest unlock of the month.

14 Additional Noteworthy Unlocks:

The first unlock of the month came from 1inch Network (1INCH) on February 1, releasing 64,286 tokens valued at $32,500.

Following 1inch, Galxe (GAL), Nym (NYM), and X2Y2 (X2Y2) will have their unlocks on February 2, 3, and 4, respectively. GAL will release tokens worth $436,500, while NYM and X2Y2 will unlock tokens valued at $23 million and $5 million, respectively. X2Y2 will release tokens valued at $109,964 daily.

On February 6, Tornado Cash (TORN) will unlock 175,000 tokens valued at over $1 million. Four days later, Moonbeam (GLMR) will add $3 million worth of tokens to circulation, with GLMR releasing $90,396 worth daily until the total is unlocked.

The SweatEconomy (SWEAT) unlock will start on February 13, with 129 million tokens worth $1.9 million.

dYdX (DYDX) and Euler (EUL) have their unlocks scheduled for February 14 and 15, respectively, releasing tokens valued at $19 million and $496,700. On February 17, tokens worth $42 million from ApeCoin (APE) will enter circulation.

Acala (ACA) and ImmutableX (IMX) will unlock tokens on February 25, with values of $616,000 and $13.2 million, respectively. IMX will release 485,000 tokens daily.

Ronin (RON) and Yield Guild Games (YGG) will finalize their unlocks on February 27. Ronin will release 4.154% of its total supply, equating to $32.9 million, while YGG will unlock tokens valued at $5.1 million.

According to a five-year report from Token Unlocks, an estimated $102 billion in tokens remains to be unlocked in the coming years.

Read More: What is Galxe?

The community should be cautious, as the market is extremely sensitive, and significant unlocks may prompt profit-taking actions from holders.