Top 7 token unlocks of this week

Unlock (English unlock) is called the unlocking of tokens that were previously frozen under the terms of investment rounds or other funding programs.

Typically, the team carefully works out the tokenomics so as not to cause a lot of selling pressure at various stages of the unlock and thereby not bring down the price of the token. However, some factors, for example, a lack of liquidity or profit-taking by early investors immediately after the tokens are unlocked, can seriously affect the asset’s quotes.

We're talking about 7 important unlocks that you should keep an eye on this week.

1. Starknet (STRK)

• Unlock date: April 15
• Number of tokens unlocked: 64,000,000 STRK
• Current circulating supply: 728,000,000 STRK

Starknet is developing a Layer 2 (L2) ZK-Rollup solution for scaling decentralized applications on Ethereum. After attracting investments, the team released the STRK token, which plays a key role in the decentralization of the network.

On April 15, the project will unlock 64 million STRK, which will be distributed among investors and early participants.

2. Arbitrum (ARB)

• Unlock date: April 16
• Number of tokens unlocked: 92,650,000 ARB
• Current circulating supply: 2,653,939,384 ARB

Arbitrum is one of the most popular second layer (L2) solutions for Ethereum, developed by Offchain Labs. The main network of the project was launched in August 2021. The financing included participation from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, entrepreneur Mark Cuban and crypto exchange Coinbase.

The 90 million ARB tokens that will be unfrozen next week are intended for the project team and investors.

3. ApeCoin (APE)

• Unlock date: April 17
• Number of tokens unlocked: 15,600,000 APE
• Current circulating supply: 627,840,909 APE

ApeCoin is the native token of Yuga Labs' Ape ecosystem, which includes one of the most popular NFT collections, Bored Ape Yacht Club. Typically, APE reacts to unlocks by falling – however, given the renewed interest of users in non-fungible tokens in general and BAYC in particular, the next drawdown may not be so large.

4. Axie Infinity (AXS)

• Unlock date: April 17
• Number of tokens unlocked: 10,870,000 AXS
• Current circulating supply: 143,203,258 AXS

Axie Infinity is one of the most famous Play-to-Earn projects created by the Sky Mavis studio. The game takes place in a virtual environment inhabited by creatures called “axies”. The platform allows you to cross them, creating new characters. Players earn rewards by winning battles and selling axies.

The native token of the AXS platform is used to develop platforms and solve a number of other problems. Most of the coins released on April 17—about 6 million—belong to the project team. The remaining tokens will be used as staking rewards and sent to the ecosystem fund.

5. Manta (MANTA)

• Unlock date: April 18
• Number of tokens unlocked: 21,670,000 MANTA
• Current circulating offer: 250 036 078 MANTA

Manta Network is a modular blockchain for zero-knowledge (ZK) applications. It includes two networks:

• Manta Pacific is a modular L2 ecosystem for EVM-native ZK applications and dApps that want to provide the lowest cost and best experience for users
• Manta Atlantic is the fastest L1 blockchain on Polkadot that provides programmable ZK privacy IDs and on-chain credentials via zkSBTs

Unlocked at the end of next week, MANTA tokens are intended for participants in the public round of sale.

6. ImmutableX (IMX)

• Unlock date: April 19
• Number of tokens unlocked: 34,190,000 IMX
• Current circulating supply: 1,423,019,954 IMX

Immutable X is a layer two (L2) solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million in just an hour as part of the IMX token sale on the CoinList platform, then closed an investment round of $60 million, and in March 2022 received another $200 million from ParaFi Capital, Declaration Partners, Tencent Holdings and others companies. More than half of IMX's supply is still locked up. The tokens unfrozen on April 19 will be received by developers and participants in the private round of financing.

7. Pixels (PIXEL)

• Unlock date: April 19
• Number of tokens unlocked: 54,380,000 PIXEL
• Current circulating offer: 771 041 667 PIXEL

Pixels is a multiplayer game on the Ronin blockchain. The PIXEL token is used as in-game currency and for community management. Its holders can mint NFTs, buy items and VIP passes, join guilds and take part in voting on project development issues.