As reported by The Bit Journal, token unlocks refer to the process where locked tokens are released by projects at scheduled intervals, typically aiming to minimize price volatility and reduce pressure on the market. In the coming week, major projects will undergo significant token unlock events, which are likely to impact market dynamics. Here’s a closer look at three of the most prominent token unlocks investors are watching.
Leading the List: Aptos (APT)
On November 11, Aptos is set to release a whopping 11.31 million APT tokens. This Layer-1 blockchain platform is known for its secure infrastructure, which supports a wide array of decentralized applications. The token release will add to the current circulating supply of 519.93 million APT tokens.
However, Aptos has faced criticism from its community for its tokenomics structure, with a significant portion allocated to venture capital firms, raising concerns among investors. As community members, core contributors, and investors gain access to new tokens, a temporary sell-off may exert downward pressure on the market.
Starknet (STRK): Boosting Ethereum’s Layer-2 Space
As a Layer-2 solution on the Ethereum network, Starknet has introduced innovative scalability solutions. On November 15, Starknet will release 64 million STRK tokens, expanding the current circulating supply of 2.09 billion STRK. This release will be distributed among investors and early supporters.
While this event has the potential to strengthen the Starknet ecosystem, investors should remain vigilant of possible sell-offs. Price movements post-distribution will be closely monitored by traders looking to adjust their strategies accordingly.
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Arbitrum (ARB): The Leading Ethereum Layer-2 Solution
Arbitrum has gained prominence as one of the most widely-used Layer-2 solutions for Ethereum. On November 16, 92.65 million ARB tokens will be unlocked, contributing to the current supply of 3.97 billion ARB tokens. These tokens will be allocated to the project team, advisors, and investors.
This large unlock, valued at approximately $59.63 million, may lead to short-term price volatility for ARB. Investors are encouraged to monitor this event and adapt their positions as the market responds to the influx of tokens.
Other Noteworthy Unlocks to Watch
In addition to these, projects like Cheelee (CHEEL), Ethena (ENA), and Apecoin (APE) will also see substantial token unlocks in the coming week, totaling over $480 million. These events are expected to introduce notable fluctuations across the market, urging investors to stay alert and respond accordingly.
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