GetBlock Magazine - What happened? The cryptocurrency market is preparing for a wave of token unlocks from February 10 to 17. More than 742 million tokens are expected to be released, which could create significant volatility, especially for well-known projects.
Several projects are ready to release large amounts of tokens. In particular, #CONX plans to unlock 4.33 million tokens worth $88.06 million, which will be 376.3% of its circulating supply. Similarly, #SAND ND will issue 205.59 million tokens worth $79.34 million, which constitutes 8.41% of its total supply. Analysts suggest that such unlocks will lead to immediate changes in liquidity.
What other tokens will be unlocked? The project #Aptos intends to release 11.31 million tokens worth $64.35 million, while BERA will release 12.98 million tokens worth $62.82 million. #AVAX✈️ will unlock 1.67 million tokens valued at $40.65 million.
Linear unlocks will also contribute to market changes. #solana OL leads with 465.77 million tokens worth $93.05 million, which will be released over a short period. Such a gradual flow could impact the market on a larger scale, especially for investors holding large positions in SOL.
AVAX will unlock an additional 700,000 tokens worth $16.84 million as part of a linear issuance. With the total value of tokens exceeding $742 million, the upcoming week poses a critical period for the cryptocurrency market. Experts believe that investors need to keep a close watch on unlocks as they can significantly affect token prices and trading volumes.
