- Nearly $900 million in vested tokens from crypto projects like Avalanche, Aptos, The Sandbox, Optimism and Sui will be released in February.
- Avalanche will release $320 million in tokens on Feb. 22, while Aptos will unlock $233 million in tokens on Feb. 11.
- The Sandbox is also unlocking tokens worth around $90 million on Feb. 14, and Optimism and Sui have additional token unlocks scheduled this month.
Crypto projects like Avalanche, Aptos, The Sandbox, Optimism and Sui are set to release millions in vested digital assets this month. Nearly $900 million in vested tokens will become unlocked in February according to data provider Token Unlocks. This news comes from Token Unlocks.
Avalanche Leads with a $320M Token Release
On Feb. 22, proof-of-stake blockchain project Avalanche is expected to release 95 million AVAX tokens worth around $320 million. The tokens are allocated to the Avalanche Foundation, the project’s strategic partners, team members and an airdrop.
Aptos Unlocks $233M in Crypto Tokens
Layer-1 blockchain Aptos will release 248 million crypto tokens on Feb. 11 worth around $233 million at current market prices. About 180 million in tokens are allocated to its core contributors and investors, while another 39 million in tokens are for its community and foundation.
The Sandbox to Unlock Tokens Worth $90M
Metaverse project The Sandbox is unlocking 209 million tokens worth around $90 million on Feb. 14. Over 40 million worth of tokens are allocated to company reserves, while the rest will be unlocked for its team and advisers.
Other Notable Token Unlocks
On Feb. 29, Optimism will release 24 million OP tokens worth around $70 million to its core contributors and investors. Meanwhile, Sui will unlock 53 million tokens for its community access program.
Impact on Token Prices
Tokenomics suggests that a sudden increase in the circulating supply of a token can negatively impact the market prices of cryptocurrencies. It remains to be seen how these scheduled token unlocks will affect the projects involved.
