February 2023 witnessed 17 rounds of unlocking tokens with a value of 588 million USD, has the price line fluctuated?

Investors need to pay attention that this February, there will be 17 token unlocks with popular names such as 1INCH, APT, APE, …

Data from Token Unlocks shows that the 17 token unlocks to be released into circulation this February will be worth approximately $588.4 million. Among these are new tokens that have “stormed” the market recently such as 1inch (1INCH), Moonbeam (GLMR), Aptos (APT), ApeCoin (APE) and Tornado Cash (TORN).

The 3 most notable large token unlocks

– Sandbox (SAND) – February 14: is the largest token payment of the month with 372 million SAND, accounting for 12.419% of the total supply, worth about 266 million USD.

– BitDao (BIT) – Feb 15: The second major unlock comes from 187 million BIT tokens, equivalent to $97 million.

– Aptos (APT) – February 12: releasing $75 million worth of APT tokens into circulation, marking the third major unlock of the month.

Other token unlocks

The first unlock of the month comes from 1INCH on February 1. The project will release 64,286 tokens worth $32,566.

Galxe (GAL), NYM, and X2Y2 will follow 1INCH with unlocks scheduled for February 2, 3, and 4, respectively. GAL will issue $436,538 worth of tokens, while NYM and X2Y2 will unlocked $23 million and $5 million respectively. The unlocking of X2Y2 will take place daily, releasing 109,964 USD worth of tokens per day.

On February 6, TORN will unlock 175,000 tokens, worth more than $1 million. Four days later, on February 10, GLMR will add another $1.3 million to circulation by issuing 3 million tokens. GLMR will issue $90,396 daily until the total number of coins unlocked.

SweatEconomy (SWEAT) unlocking begins on February 13, after GLMR, and will issue a total of 129 million tokens worth $1.9 million by unlocking $97,116 worth of tokens per day.

dYdX (DYDX) and Euler have scheduled their unlocks for February 14 and 15 and are expected to release $19 million and $496,792 worth of tokens respectively. The unlocking of APE is scheduled for February 17 and will release $42 million in APE into circulation.

Acala (ACA) and ImmutableX (IMX) are both scheduled to unlock on February 25 and are set to issue $615,996 and $13.2 million in token value respectively. IMX will be partially released with $485,245 per day.

The last unlock for the month will come from Ronin and Yield Guild Games (YGG), scheduled for February 27. Ronin will release 4,154% of the total supply, or $32.9 million, in when YGG will unlock $5.1 million worth of tokens.