Crypto Market Braces For $230M In Token Unlocks

The crypto community is waiting for significant token unlocks to take place in near future. As per the data from Phoenix Group, the notable crypto token unlocks to come include Aptos ($APT), BounceBit ($BB), and Sei ($SEI). The crypto analytics firm shared the list of these upcoming top token unlocks in its recent X post. Aptos Leads Top Crypto Token Unlocks to Come with .20M in Allocation The 1st top crypto project to see token unlocks is Aptos ($APT). It will witness up to 0.98% of the cumulative supply thereof in token unlock on May 12. Specifically, 11.31 $APT (equaling $68.20M) are set to be unlocked. After that, BounceBit ($BB) is going to see 2.13% of the cumulative token supply in the latest token unlock. This event will include 44.70M $BB, denoting $7.80M in total. Subsequently, on the 15th of May, Sei ($SEI) will record 1.09% of the total supply in token unlock event. In this respect, up to 55.56M $SEI tokens will be unlocked, accounting for $14.93M. Additionally, StarkNet ($STRK) has scheduled 127.00M $STRK (nearly $23.87M) tokens for the impending unlock. This amount represents 4.09% of StarkNet’s total token supply. Apart from that, Arbitrum ($ARB) is another prominent crypto player that has scheduled a token unlock for May 16. In this event, 92.63M $ARB (approximately $42.78M) tokens will be unlocked, equaling 0.93% of overall token supply. In addition to this, Immutable ($IMX) has allocated 24.52M $IMX tokens, representing 1.23% of supply, to be unlocked. This token unlock will occur on May 16, comprising a total value of up to $18.34M. Manta Network Bottoms List with .41M in Token Allocation for Upcoming Token Unlock Phoenix Group’s list of noteworthy token unlocks includes Apecoin ($APE) in the 7th rank. The token unlock is scheduled for May 17 and will comprise nearly 1.54% of the total $APE supply. In this respect, almost 15.38M $APE tokens will be unlocked, accounting for $10.72M in value. Along with that, Avalanche ($AVAX) has allocated 0.40% (1.67M $AVAX) of the token supply for the impending token unlock. The token unlock will take place on May 17, valued at $43.85M. Moreover, Manta Network is another considerable crypto project in the case of token unlocks. Specifically, on May 18, it will unlock 1.36% (13.63M $MANTA) of the cumulative token supply thereof, denoting $4.41M in total. Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse. Source: https://blockchainreporter.net/upcoming-token-unlocks-crypto-market-braces-for-230m-in-token-unlocks/