• Aptos, Cyber, The Sandbox, and ApeCoin have voluminous token unlocks scheduled for next week.
  • APT, CYBER, SAND, and APE worth millions of dollars are set to flood markets in a cliff unlock.
  • Increased token supply could create massive sell pressure.  

February has major token unlocks lined up, with millions of dollars worth of tokens due to flood markets. Investors should expect volatility around the calendar dates of the token unlocks and maintain cognizance that this event is often a bearish catalyst.

Also Read: Sandbox price trades sideways ahead of $88 million Valentine’s token unlock

Brace for these four token unlocks this week

First in line is the Aptos ecosystem, due to release 24.84 million APT tokens worth $229.79 million on Sunday, February 11. Constituting 7.32% of the network’s circulating supply, the tokens will be allocated to the foundation, community, core contributors, and investors, with the last two likely to cash in for a profit.

The CyberConnect network will follow, releasing 2.36 million CYBER tokens worth $16.91 million on Valentine’s Day, February 14.  The tokens will make up for 15.93% of the network’s circulating supply.

Metaverse gaming ecosystem, The Sandbox, will be unleashing 209.59 SAND tokens into the markets in a cliff unlock on February 14, worth around $97.19 million at current rates. This will mark the network’s first issue, comprising 9.19% of the circulating supply.

Last, but not the least, the ApeCoin ecosystem will be unlocking 15.6 million APE tokens on February 15. Worth $22.62 million at current rates, these tokens will comprise 2.61% of the network’s circulating supply.

Reasons for these unlocks

Cryptocurrency projects have a defined roadmap from the time they launch. The ecosystem carefully plans how it will release specified proportions of its token supply into circulation on a batch-by-batch basis. The goal of such a structure is to promote the stability of the token while fostering long-term health.

Token allocation varies, depending on how they have been earmarked. The recipients determine whether selling pressure should be expected or not, depending on their assumed selling appetite.

Traders tend to keep an eye out for such events because of their nature to cause price volatility. Proactive traders know how to make a profit by trading around these events. The other lot is often rekt as part of exit liquidity.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Price Forecast: Analysts anticipate increased volatility as the US presidential election looms

Bitcoin Price Forecast: Analysts anticipate increased volatility as the US presidential election looms

Bitcoin price teased its all-time high of $73,777 last week but declined to trade below $69,000 on Monday. Analysts suggest that market volatility is expected to rise as the US presidential election approaches.

More Bitcoin News
Litecoin poised for double-digit decline after breaking ascending trendline

Litecoin poised for double-digit decline after breaking ascending trendline

Litecoin breaks and closes below an ascending trendline, signaling a change in market structure. On-chain metrics paint a bearish picture, as LTC’s dormant wallets are active, and the NPL indicator shows a negative spike.

More Litecoin News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP decline ahead of US elections

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP decline ahead of US elections

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all faced resistance at crucial levels ahead of the US Elections, leading to a price decline. As of Monday, they neared key support levels, and a firm close below these marks could signal further declines.

More Cryptocurrencies News
21Shares files S-1 for XRP ETF amid ongoing tension between Ripple and SEC

21Shares files S-1 for XRP ETF amid ongoing tension between Ripple and SEC

21Shares filed an S-1 registration with the Securities and Exchange Commission (SEC) on Friday for an XRP exchange-traded fund (ETF). While the chance of approval is slim with the current SEC administration, the landscape could change after the upcoming elections.

More Cryptocurrencies News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP