Key Token Unlocks Next Week
Token unlocking plays a crucial role in the cryptocurrency market, with scheduled releases helping to manage market pressure and maintain token prices. Let’s take a look at the key token unlocks to watch out for next week.
Aptos (APT) Unlock
Unlocking Date: August 12
Number of Unlocked Tokens: 11.31 million APT
Current Circulation: 471.14 million APT
Aptos, a layer 1 blockchain known for its focus on security and scalability, is set to release 11.31 million APT tokens on August 12. This release is aimed at community members, core contributors, and investors, contributing to the project’s ongoing development and growth.
Sandbox (SAND) Unlock
Unlocking Date: August 14
Number of Unlocked Tokens: 205.59 million SAND
Current Circulation: 2.228 billion SAND
The Sandbox project is gearing up for the release of 205.59 million SAND tokens on August 14. This unlock, which represents 9% of the circulating supply, will be distributed to teams, consultants, and company reserves. The move is expected to reduce selling pressure and benefit the project’s ecosystem.
StarNet (STRK) Unlock
Unlocking Date: August 15
Number of Unlocked Tokens: 64 million STARKs
Current Circulation: 1.6 billion STARKs
StarNet, a project focused on ZK Rollup Layer-2 solutions for Ethereum, will unlock 64 million STRK tokens on August 15. These tokens will be distributed to investors and early contributors, supporting the project’s decentralization efforts and community engagement.
As we approach next week’s token unlocks, it’s important to monitor these releases and their impact on the respective projects. By carefully managing token unlocks, projects can navigate market dynamics effectively and foster long-term sustainability.
