Over $100 million in token unlocks could affect crypto this week
- Crypto protocols, Aptos, Starknet, Xai are set to unlock nearly $115 million in scheduled token unlocks this week.
- APT, STRK, XAI token unlocks range between 2 and 6% of their circulating supply.
- Token unlocks may influence asset prices negatively when it accounts for over 1% of the circulating supply.
Data from TokenUnlocks show key token unlocks worth $115 million scheduled for this week. The top three are Aptos (APT), Starknet (STRK) and Xai (XAI), these account for $115.80 million in unlocks this week.
Crypto token unlocks this week
This week’s top three cliff token unlocks, where a project distributes tokens locked for investors, community or advisors on a fixed schedule, include APT, STRK and XAI. Data from Tokenunlocks show
that these projects are scheduled to unlock $68.54 million worth of APT, $26.91 million worth of STRK and $6.52 million worth of XAI this week.
Cliff and linear unlocks this week
Typically, if demand fails to meet the increased supply of the unlocked tokens, price is affected negatively. The three token unlocks account for 2% to 6% of the supply, therefore they could influence asset prices this week.
Linear unlocks scheduled for the week include Solana (SOL), Worldcoin (WLD) and Avalanche (AVAX), these assets unlock $9.59 million, $7.39 million and $2.34 million every day respectively.
The benefit of a linear token unlock is that it creates stability for the token in the market, minimizes overselling and in turn increases confidence among investors.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
