In the coming days, several altcoins with substantial market capitalizations are scheduled to undergo token unlocks. These events often lead to price fluctuations due to shifts in supply and demand dynamics. However, it’s important to recognize that the entities behind these tokens have experienced similar events in previous years, suggesting they may be prepared to mitigate their impact on the market.
Let’s start with Aptos (APT), the first on our list. Token Unlocks data indicates that the protocol is set to release approximately 7.35% of its total supply in eight days, equivalent to around $240 million at current prices.
Next up is SAND, the native cryptocurrency of the popular Sandbox ecosystem. In just 10 days, the team will unlock $90 million worth of SAND tokens.
Following these are APE, MANTA, and ROSE, which will have smaller unlocks, each releasing approximately $20 million worth of coins in thirteen, fourteen, and fifteen days, respectively.
The largest unlock on the horizon is from AVAX, the largest altcoin by total market capitalization. Avalanche (AVAX) is expected to release a substantial $340 million worth of AVAX tokens in around 18 days.
It will be intriguing to observe how the market responds to these upcoming token unlocks and whether they will have any noticeable impact on the respective altcoins.