Top 3 Token Unlocks This Week

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.

Arbitrum (ARB)

• Unlock date: September 16
• Number of unlocked tokens: 92.65 million ARB
• Circulating Supply: ARB 3.49B

Arbitrum is one of the most popular second-layer (L2) solutions for Ethereum. Arbitrum is being developed by Offchain Labs. The project’s mainnet was launched in August 2021. Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, entrepreneur Mark Cuban, and the popular crypto exchange Coinbase participated in funding the development.

This week, the project will unlock over 90 million ARB tokens, which at the current price are worth around $50 million. The coins unlocked during this event will be distributed among the team, advisors, and investors.

ApeCoin (APE)

• Unlock date: September 17
• Number of unlocked tokens: 15.60 million APE
• Circulating supply: 674.64 million APE

ApeCoin is the native token of Yuga Labs’ Ape ecosystem, which includes one of the most popular NFT collections, Bored Ape Yacht Club. APE usually responds to unlocks by falling — however, given the resurgent user interest in the sector in general and BAYC in particular, the next drop may not be as large.

Space ID (ID)

• Unlock date: September 22
• Number of unlocked tokens: 78.49 million ID
• Current Circulating Supply: 430.50 million ID

Space ID is a universal decentralized identity protocol that connects people, assets, and dApps across blockchains. The platform allows you to use a single domain name to represent your identity across all individual apps and networks. On September 22, the project will unlock almost 80 million ID tokens, which will be distributed among the Space ID foundation, team, community, and participants in several sales rounds.

Other cliff unlocks for next week include Echelon Prime (PRIME), Pixel (PIXEL), Lista DAO (LISTA), and Astar Network (ASTR). The total value of tokens that will enter circulation is over $116 million.

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