We tell you which tokens will be unlocked this week and how major unlocks can affect the market dynamics.
Unlock (English: unlock) is called the unlocking of tokens that were previously frozen under the terms of investment rounds or other funding programs.
Usually, the team carefully works out the tokenomics so as not to cause a lot of pressure from sellers at various stages of the unlock and thus not to collapse the price of the token. However, some factors, such as a lack of liquidity or profit-taking by early investors immediately after the unlocking of tokens, can seriously affect the asset’s quotes.
We’re sharing 3 important unlocks to keep an eye on this week.
Xai (XAI)
- Unlock date: September 9
- Number of unlocked tokens: 35.88 million XAI
- Circulating Supply: 572.10 million XAI
Xai is the first layer-3 gaming blockchain of its kind. Using Arbitrum technology, Xai focuses on simplicity and ease of use, removing the complexity of wallet management and making blockchain integration a seamless part of the gaming ecosystem.
On September 9, the project will unlock over 35 million XAI tokens, distributing them among the team, investors, the project reserve, and the ecosystem fund.
Aptos (APT)
- Unlock date: September 11
- Number of unlocked tokens: 11.31 million APT
- Circulating supply: 486.98 million APT
While the Aptos layer-one blockchain can certainly be called one of the most successful projects in recent years, it has regularly been criticized by the crypto community for its tokenomics, which is heavily dominated by venture capital.
The majority of the APT supply is still locked. Unlocks will occur every month for the next ten years. The tokens released on September 11 will be distributed among the Aptos Foundation, community members, and investors.
Starknet (STRK)
- Unlock date: September 15
- Number of unlocked tokens: 64 million STARK
- Current Circulating Supply: 1.77 billion STARK
Starknet is developing a second-layer (L2) ZK Rollup solution for scaling decentralized applications on Ethereum. After raising funds, the team launched the STRK token, which plays a key role in decentralizing the network.
On September 15, the project will unlock 64 million STRK, which will be distributed among investors and early participants.
Other cliff unlocks next week include io.net (IO), Ethena (ENA), Cyber (CYBER), and Render (RNDR). The total value of the tokens that will enter circulation is more than $114 million.
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Source: Cryptocurrency
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