Unlock

A massive $108 million worth of altcoins is set to be unlocked between January 20 and January 26. This comes at a time when the digital asset sector is recovering from last week’s sell-off. The unlock events are led by Immutable (IMX), a layer-2 scaling solution for NFTs on Ethereum, and Altlayer (ALT), a decentralized protocol for rollups.
According to a post on X (formerly Twitter) by Tokenomist (previously TokenUnlocks), the unlocking spree begins on January 20 with ApeX (APEX). Alongside Galxe (GAL) tokens worth $1.06 million, a substantial 10 million APEX tokens (18.71% of circulating supply) worth $18.80 million will be unlocked.

Key Token Unlock Events
Here’s a breakdown of the major unlock events happening this week:
January 21: Tokens worth $4.33 million from EigenLayer (EIGEN) will be released, accounting for 0.55% of its circulating supply.January 22: A total of 18.49 million Space ID (ID) tokens worth $8.14 million (4.29% of circulating supply) will be unlocked, along with 12.86 million Ethena (ENA) tokens valued at $12.11 million (0.42% of circulating supply).January 24: The spotlight will be on Immutable (IMX), with 24.52 million tokens worth $33.59 million being unlocked.January 25: A massive 240.10 million ALT tokens worth $24.38 million will be released, accompanied by Venom (VENOM) tokens worth $1.44 million.
How Unlock Events May Impact Altcoin Prices
Unlocking such a substantial amount of tokens can have a mixed impact. On the one hand, it may exert selling pressure on the respective cryptocurrencies, leading to potential short-term price declines. On the other hand, strong demand could absorb this pressure, driving prices upward.
For instance, tokens like Immutable (IMX), which benefit from growing adoption in the NFT space, or Altlayer (ALT), known for its innovative rollup technology, may experience increased investor interest despite the unlocking events.
Altcoin Market Capitalization: Positive Momentum
Despite the potential short-term volatility caused by the $108 million unlocking events, the broader trend in altcoin market capitalization remains bullish. Weekly charts of cryptocurrencies excluding Bitcoin and Ethereum highlight a sustained upward trajectory:
RSI (Relative Strength Index): Currently reading 65.91, it indicates a strong buying presence over selling. The upward slope further suggests potential for continued growth.MACD (Moving Average Convergence Divergence): The indicator remains bullish, with the MACD line (blue) staying above the signal line (red). Additionally, the growing intensity of the MACD histogram reflects increased interest in altcoins.

Outlook and Conclusion
The $108 million token unlocks represent one of the most significant market events this week. While short-term selling pressure could emerge, broader market indicators point to positive prospects for altcoins.
Whether projects like IMX, ALT, or APEX thrive amid these unlocks will depend on sustained demand and investor confidence. The coming days will be pivotal for observing the evolving dynamics in the altcoin sector.

#Altcoins👀🚀 , #unlock , #CryptoNewss , #altcoinseason , #CryptoUnlock

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Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.
Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.
6 unlocks to watch this week
Hashflow (HFT)
Unlock Date: May 7Number of Unlocked Tokens: 13,620,000 HFTCurrent Circulating Supply: 394,135,306 HFT
Hashflow is a decentralized exchange (DEX) that provides compatibility, zero slippage, and trading protection against MEV attacks. It offers a built-in cross-chain swap feature without using bridges or synthetic assets, allowing for seamless trading across one or multiple networks with guaranteed price execution. The native token of the protocol is called HFT. Users can stake it and gain access to various features within the Hashflow ecosystem. On May 7th, the project team will unlock over 13 million HFT tokens, which will be distributed among developers, early investors, and community participants.
Moonbeam (GLMR)
Unlock Date: May 11Number of Unlocked Tokens: 3,040,000 GLMRCurrent Circulating Supply: 859,513,080 GLMR
Moonbeam is a Polkadot parachain that simplifies integration with Ethereum network applications while increasing scalability. It also serves as a more accessible and user-friendly alternative to Substrate, Polkadot's native tool for DApps creation. The GLMR token is used to pay for gas fees for smart contract execution and transaction fees, as well as to reward users responsible for supporting the parachain and managing the network. On May 11th, the project will unlock over 3 million coins, which will be distributed among founders and early investors.
Aptos (APT)
Unlock Date: May 12Number of Unlocked Tokens: 11,310,000 APTCurrent Circulating Supply: 427,929,752 APT
Although the layer one blockchain Aptos can certainly be considered one of the most successful projects of 2023, it is regularly criticized by the crypto community for its tokenomics, which are heavily influenced by venture capital. A large portion of the APT supply is still locked. Unlocks will occur monthly over the next ten years. Tokens released on May 12th will be distributed among the Aptos fund, community participants, and investors.

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Unlock means the release of tokens that were previously frozen according to the terms of investment rounds or other fundraising programs.
Usually, the team carefully plans the tokenomics to avoid putting significant pressure on sellers at various #unlock stages and thus prevent the collapse of the token price. However, certain factors, such as a lack of liquidity or early investors taking profits immediately after token unlock, can significantly impact the asset's quotes.
5 unlocks to watch this week
Liquity (LQTY)
Unlock Date: February 14Number of Unlocked Tokens: 2,360,000 CYBERCurrent Circulating Supply: 14,821,350 CYBER
CyberConnect is a decentralized social graph protocol built on the BNB Smart Chain blockchain. It facilitates the creation of social connections between users and projects across various platforms and enables their management. The native token #CYBER allows holders to purchase CyberID, vote on protocol improvement matters, and pay transaction fees. Tokens unlocked this week are designated for participants in the public round and the project treasury.
The Sandbox (SAND)
Unlock Date: February 14Number of Unlocked Tokens: 205,590,000 SANDCurrent Circulating Supply: 2,237,731,926 SAND
The Sandbox is one of the most popular metaverses built on the Ethereum blockchain. Platform users can develop a virtual world, create real estate and objects, navigate, and participate in mini-games. The native token #SAND is used for ecosystem interactions and settlements. Tokens to be unlocked on February 14 represent almost 10% of the circulating supply, potentially causing increased volatility and impacting the asset's quotes significantly.
Flow (FLOW)
Unlock Date: February 16Number of Unlocked Tokens: 2,600,000 FLOWCurrent Circulating Supply: 1,487,858,625 FLOW
Flow is a blockchain platform designed for issuing non-fungible tokens (NFTs) and developing gaming applications. Developed by Dapper Labs, the company behind the popular game CryptoKitties, Flow's ecosystem is supported by major sports associations, including NBA, UFC, and NFL. The project's native token is utilized for fee payments, executing smart contracts, consensus algorithm operation, and as collateral for issued assets. Coins unlocked on February 16 are intended for Dapper Labs.
ApeCoin (APE)
Unlock Date: February 17Number of Unlocked Tokens: 15,600,000 APECurrent Circulating Supply: 596,638,257 APE
ApeCoin is the native token of the Ape ecosystem by Yuga Labs, encompassing one of the most popular NFT collections, Bored Ape Yacht Club. #APE typically reacts to unlocks with a decline; however, given the renewed interest in NFTs overall and BAYC in particular, the next dip may not be as substantial.
Manta (MANTA)
Unlock Date: February 18Number of Unlocked Tokens: 6,670,000 MANTACurrent Circulating Supply: 251,000,000 #MANTA
Manta Network is a modular blockchain for applications with zero-knowledge proofs (ZK). Tokens unlocked at the end of this week are designated for participants in the public sale round.
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Unlock means the release of tokens that were previously frozen according to the terms of investment rounds or other fundraising programs.
Usually, the team carefully plans the tokenomics to avoid putting significant pressure on sellers at various #unlock stages and thus prevent the collapse of the token price. However, certain factors, such as a lack of liquidity or early investors taking profits immediately after token unlock, can significantly impact the asset's quotes.
5 unlocks to watch this week
Liquity (LQTY)
Unlock Date: December 5Number of Unlocked Tokens: 657,350 LQTYCurrent Circulating Supply: 94,484,684 LQTY
LQTY is the token of the Liquity lending platform, issuing loans in the LUSD stablecoin at a 0% interest rate, using ETH as collateral. LQTY holders can stake their coins to earn a share of the fees generated during the opening and closing of loans. Unlocked tokens on December 5th will be distributed among the project team and advisors.
Galxe (GAL)
Unlock Date: December 5Number of Unlocked Tokens: 2,030,000 GALCurrent Circulating Supply: 89,922,000 GAL
Galxe, formerly known as Project Galaxy, is the largest web3 data network, aiding in the creation of decentralized products. The #gal token is utilized for payments within the Galaxy Oracle Engine and Credential API. Holders also have voting rights in the Project Galaxy DAO. Coins unfrozen in the upcoming unlocking will go to the project team, the Galxe fund, and the community.
Hashflow (HFT)
Unlock Date: December 7Number of Unlocked Tokens: 13,620,000 HFTCurrent Circulating Supply: 243,996,060 HFT
Hashflow is a decentralized exchange (DEX) with zero slippage and protection against MEV attacks. It offers a cross-chain swap feature without the need for bridges, enabling trading across different networks. The native #hft token can be staked for access to Hashflow's ecosystem functions. On December 7th, over 13 million HFT tokens will be unlocked and distributed among developers, early investors, and community participants.
Ethereum Name Service (ENS)
Unlock Date: December 8Number of Unlocked Tokens: 1,460,000 ENSCurrent Circulating Supply: 65,000,000 ENS
Ethereum Name Service (ENS) is a decentralized service for linking user domains to wallet addresses. The #ens token grants voting rights on proposals and the initiation of voting processes. The majority of unlocked coins on December 8th will go to the ENS treasury, with the rest allocated to key project participants.
Stepn (GMT)
Unlock Date: December 9Number of Unlocked Tokens: 104,280,000 GMTCurrent Circulating Supply: 1,390,000,000 GMT
STEPN is a Web3 application with elements of SocialFi and GameFi on the Solana blockchain. Developers offer users the opportunity to earn through the monetization of running and walking activities. Starting from March 1, 2023, the platform daily unlocks 812,903 GMT tokens for incentive payouts, along with approximately 580,000 tokens for the treasury and a similar amount for the team. However, the upcoming unlocking is expected to be more substantial and may impact #gmt token prices.
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Unlock means the release of tokens that were previously frozen according to the terms of investment rounds or other fundraising programs.
Usually, the team carefully plans the tokenomics to avoid putting significant pressure on sellers at various #unlock stages and thus prevent the collapse of the token price. However, certain factors, such as a lack of liquidity or early investors taking profits immediately after token unlock, can significantly impact the asset's quotes.
5 unlocks to watch in january
dYdX (DYDX)
Unlock Date: January 1Number of Unlocked Tokens: 33,330,000 DYDXCurrent Circulating Supply: 270,009,682 DYDX
At the beginning of 2023, the largest decentralized derivatives trading protocol, dYdX, announced changes to the project's initial tokenomics. According to the updated information, 30% of the total DYDX supply will go to early investors, another 30% will be distributed among the team and community reserve, 28% will be used to reward traders and liquidity providers, and the remaining portion will be allocated to future employees. Currently, around 28% of the total 1 billion #dydx supply is in circulation. The remaining tokens will be unlocked in small portions over the next two years.
Aptos (APT)
Unlock Date: January 12Number of Unlocked Tokens: 24,840,000 APTCurrent Circulating Supply: 307,421,111 APT
Although the first-layer blockchain Aptos can undoubtedly be considered one of the most successful projects of 2023, it regularly faces criticism from the crypto community for its tokenomics, largely dominated by venture capital. A significant portion of the #apt supply is still locked, and unlocks will occur every month for the next ten years. The tokens released on January 12 will be distributed among the Aptos fund, community members, and investors.
ApeCoin (APE)
Unlock Date: January 17Number of Unlocked Tokens: 15,600,000 APECurrent Circulating Supply: 368,593,750 APE
ApeCoin is the native token of Yuga Labs' Ape ecosystem, which includes one of the most popular NFT collections, the Bored Ape Yacht Club. #ape typically reacts to unlocks with a decline. However, considering the revived interest in non-fungible tokens in general and BAYC in particular, the next dip may not be as substantial.
Axie Infinity (AXS)
Unlock Date: January 18Number of Unlocked Tokens: 3,430,000 AXSCurrent Circulating Supply: 134,610,804 AXS
Axie Infinity, one of the most well-known Play-to-Earn projects, was created by the studio Sky Mavis. The game takes place in a virtual environment populated by creatures called "axies." The platform allows players to breed them, creating new characters. Players earn rewards by winning battles and selling axes. The native token of the #axs platform is used for platform development and various other tasks. The released coins on January 18 will be used as rewards for staking.
Injective Protocol (INJ)
Unlock Date: January 21Number of Unlocked Tokens: 3,670,000 INJCurrent Circulating Supply: 84,255,555 INJ
Injective is a universal platform for decentralized applications (dApps) that offers a wide range of financial products, including futures, perpetual swaps, and spot trading. The protocol is built on the Cosmos SDK and uses the Proof-of-Stake consensus algorithm based on Tendermint. The native token, INJ, grants holders voting rights in the DAO and serves as a reward for liquidity providers, developers, and network validators. The 3.67 million coins to be unlocked at the end of January will be allocated to the project team and advisors.
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Unlock means the release of tokens that were previously frozen according to the terms of investment rounds or other fundraising programs.
Usually, the team carefully plans the tokenomics to avoid putting significant pressure on sellers at various #unlock stages and thus prevent the collapse of the token price. However, certain factors, such as a lack of liquidity or early investors taking profits immediately after token unlock, can significantly impact the asset's quotes.
5 unlocks to watch this week
dYdX (DYDX)
Unlock Date: February 20Number of Unlocked Tokens: 575,340 DYDXCurrent Circulating Supply: 300,426,828 DYDX
At the beginning of 2023, the largest decentralized derivatives trading protocol, dYdX, announced changes to its initial tokenomics. According to the updated information, 30% of the total #DYDX supply will go to early investors, another 30% will be distributed among the team and community reserve, 28% will be used to reward traders and liquidity providers, and the remaining portion will go to future employees. Currently, about one-third of the total DYDX supply is in circulation. The remaining tokens will be unlocked gradually over the next two years.
Avalanche (AVAX)
Unlock Date: February 22Number of Unlocked Tokens: 9,540,000 AVAXCurrent Circulating Supply: 367,521,374 AVAX
Avalanche is an open-source platform for launching decentralized applications and deploying public and private blockchains within a unified scalable ecosystem. The #AVAX token is used for fee payments and settlements within the Avalanche subnets. Additionally, the asset can be staked with an annual yield of 11%. At the end of February, the circulating supply of AVAX will increase by over 9 million, with unlocked tokens distributed among strategic partners, the Avalanche fund, the project team, and airdrop participants.
Space ID (ID)
Unlock Date: February 22Number of Unlocked Tokens: 18,490,000 IDCurrent Circulating Supply: 430,506,132 ID
Space ID is a universal decentralized identification protocol that connects people, assets, and dApps across different blockchains. The platform enables the use of a single domain name to represent one's identity across various applications and networks. On February 22, the project will unlock over 18 million #ID tokens, which will be distributed among the Space ID fund and airdrop participants.
Сoin98 (С98)
Unlock Date: February 22Number of Unlocked Tokens: 18,880,000 C98Current Circulating Supply: 693,740,000 C98
Coin98 is a multifunctional DeFi platform designed to bridge traditional finance with decentralized services across multiple blockchains. Coin98 utilizes a range of tools, including Coin98 Wallet, Coin98 Exchange, and the cross-chain bridge Space Gate. The platform's utility token, C98, is used for fee payments, governance, and granting unique rights to holders. Unlocked on February 23, the coins will be distributed among the Coin98 community, team, advisors, and the project treasury.
ImmutableX (IMX)
Unlock Date: February 23Number of Unlocked Tokens: 34,190,000 IMXCurrent Circulating Supply: 1,370,000,000 IMX
Immutable X is a Layer 2 solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million in an #IMX token sale on the CoinList platform, followed by a $60 million investment round and an additional $200 million in March 2022 from ParaFi Capital, Declaration Partners, Tencent Holdings, and other companies. More than half of the IMX supply is still locked. Unlocked on February 23, the tokens will be allocated to developers and participants in the private funding round.
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