Multiple Major Token Unlocks Scheduled for Next Week: APT to Release $52.1 Million Worth of Assets

robot
Abstract generation in progress

According to Token Unlocks data compiled on August 10th, the cryptocurrency market faces a significant unlocking calendar over the coming seven days. Several major projects including Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), and others will release substantial token supplies, potentially impacting market dynamics.

High-Value Unlocking Events

Aptos stands at the forefront of next week’s unlocking schedule, with 11.31 million APT tokens set to enter circulation on August 12 at 8:00 AM Beijing time. This represents 2.20% of the current circulating supply and carries a market value of approximately $52.1 million based on current valuations.

Arbitrum follows with the largest raw volume, as 92.65 million ARB tokens are scheduled for release on August 16 at 9:00 PM Beijing time. Though substantial in quantity, this equates to 2.04% of circulating supply and roughly $41.9 million in value.

Avalanche will see 1.67 million AVAX tokens unlock on August 15 at 8:00 AM Beijing time, accounting for 0.51% of current circulation and valued at approximately $39.2 million. Meanwhile, Starknet (STRK) will release 127 million tokens the same day at 8:00 AM Beijing time, representing 5.98% of supply worth around $16.8 million.

Mid-Tier and Smaller Releases

Sei’s (SEI) unlock of 55.56 million tokens on August 15 at 8:00 PM Beijing time represents 1.21% of circulating supply valued at $17.5 million. Solayer (LAYER) will distribute 27.02 million tokens on August 11 at 10:00 PM Beijing time, comprising 9.51% of supply worth approximately $17 million.

io.net (IO) is scheduled to release 13.29 million tokens on August 11 at 8:00 PM Beijing time, representing 6.51% of circulation valued at $8.3 million. Peaq (PEAQ) will unlock 84.84 million tokens on August 12 at 8:00 AM Beijing time, accounting for 7.03% of supply at approximately $5.6 million.

BounceBit (BB) completes the week’s schedule with 42.9 million tokens unlocking on August 11 at 8:00 AM Beijing time, representing 6.36% of circulating supply and valued at roughly $5.4 million.

Market Implications

The cumulative impact of these releases, totaling several hundred million tokens across multiple chains, warrants close monitoring as potential selling pressure could influence short-term price action across these assets. Investors should remain vigilant regarding these specific unlocking timestamps and assess their portfolio exposure accordingly.

APT-2.55%
ARB-3.14%
AVAX-1.55%
STRK-4.37%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)