$1.7 Billion Token Unlocks in April: A Detailed Look at Upcoming Token Release Events
Sunday, 31 March 2024, 11:55
$1.7 Billion Token Unlocks in April: Overview
The crypto market is gearing up for a wave of token unlocks in April, with anticipated releases totaling over $1.7 billion. Notable projects including Aptos, Axie Infinity, Arbitrum, and Ronin are poised to introduce significant amounts of tokens to the market.
Token Unlocks Strategy
Token unlocks serve as a method to gradually release locked assets into the market, aiming to align incentives among project investors. However, this approach often results in short-term volatility and price fluctuations.
Top Token Unlocks in April
- Aptos plans to release 24.84 million tokens on April 12, valued at approximately $418.75 million.
- Axie Infinity will unveil 14.8 million AXS tokens on April 17, estimated at around $167.40 million.
- Arbitrum is set to unlock 92.63 million tokens valued at over $152 million on April 16.
- Ronin Bridge will unleash 36.81 million tokens worth $151.66 million.
- StarkNet introduces 63.99 million tokens valued at $139 million.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.