The crypto industry will witness a series of token unlocks this week. Several prominent projects are set to release millions of dollars worth of tokens into circulation.
According to a tweet by Coin Post, here are the top 7 token unlocks for this week that investors should pay attention to.
Top 7 Token Unlocks This Week
- Aptos (APT) – $92.88M
- Arbitrum (ARB) – $90.01M
- Uniswap (UNI) – $83.29M
- StarkNet (STRK) – $72.40M
- Sei Network (SEI) – $62.63M
- Immutable (IMX) – $51.28M
- Internet Computer (ICP) – $35.65M
The unlocks span a diverse range of projects, from Layer 1 blockchains like Aptos and Internet Computer to Layer 2 scaling solutions such as Arbitrum and StarkNet. Other notable projects include Uniswap, blockchain infrastructure platform Sei Network, and NFT and gaming ecosystem Immutable.
Token unlocks can have both positive and negative effects on the market. On one hand, the release of tokens can increase liquidity and trading volume, potentially leading to increased price volatility. This can be particularly true for projects with strong fundamentals and growing adoption.
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Show more +On the other hand, token unlocks can also create selling pressure, as early investors and project team members may choose to liquidate their newly unlocked tokens. This increased supply can lead to a temporary price decrease, especially if the market sentiment is not strong enough to absorb the additional tokens.
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