5 Biggest Token Unlocks February 2024
Avalanche (AVAX)
AVAX unlocked 9.54 million AVAX tokens on February 22 2024 or 2.6% of total circulation. The unlock value is equivalent to US$315.26 million. These unlock tokens are allocated to the Avalanche Foundation, strategic partners, teams, and airdrops .
The previous unlock occurred on November 24, 2023 with the same number of tokens and allocation distribution. After unlocking , the price of AVAX decreased -9% from US$21.46 to US$19.53 in four days.
Apts (APT)
APT unlocked 24.84 million APT tokens on February 11 2024 or 7.37% of total circulation. This unlock value is equivalent to US$229.05 million. These unlock tokens are allocated to the Aptos Foundation and community as in regular monthly unlocks , as well as contributors and investors.
The previous unlock occurred on January 12, 2024 with the same number of tokens and allocation distribution. APT price decreased -14% from US$9.94 to US$8.55 the day after unlock .
The Sandbox (SAND)
SAND unlocked 205.59 million SAND tokens on February 14 2024 or 9.19% of total circulation. This unlock value is equivalent to US$93.72 million. These unlock tokens are allocated to the team, advisors and company reserves .
The previous unlock occurred on August 14 2023 with a larger number of tokens and the same allocation distribution plus a strategic sale . The price of SAND decreased -25.2% from US$0.397 to US$0.297 three days after unlocking .
Manta Network (MANTA)
MANTA unlocked 6.67 million MANTA tokens on February 18 2024 or 2.66% of total circulation. The unlock value is equivalent to US$24.13 million. This unlock token is allocated for public sale .
February 18 2024 will be the first time Manta Network will unlock tokens outside of an airdrop . MANTA tokens were given via airdrop on January 18 2024 with 251 million tokens (25.1% of the maximum supply ) released into circulation.
ApeCoin (APE)
APE unlocked 15.6 million APE tokens on February 17 2024 or 2.58% of total circulation. The unlock value is equivalent to US$22 million. This unlock token is allocated to the Yuga Labs founder , launch contributor , charity program, treasury , and the Yuga Labs Foundation.
The previous unlock occurred on January 17, 2024 with the same number of tokens and allocation distribution. APE price experienced a -21% decrease from US$1,657 to US$1,311 two days after unlocking .
About Unlock Tokens
Unlock tokens in the crypto world usually refer to the process where tokens that were previously locked, blocked, or restricted in circulation are re-opened and distributed. The impact of unlocking this token will generally affect the price and liquidity of the token, which will give rise to market speculation.
