According to data from Token Unlocks, there are significant unlock events in the cryptocurrency market in February. While some of these are taking place, the unlock event for some altcoin projects will take place in the coming days.
Major unlock events taking place
cryptocoin.comAs you follow, the first lock of the month came from 1inchNetwork (1INCH) on the first day of the month. The project has circulated 64,286 tokens priced at $32,566. Galxe (GAL), NYM and X2Y2 unlocked on February 2, 3 and 4 respectively. GAL released $436,538 worth of tokens, while NYM and X2Y2 unlocked $23 million and $5 million worth of tokens, respectively.
At Aptos (APT)’s un-lock event on February 12, it circulated $75 million worth of APT tokens, unlocking the third largest unlock of the month. The Sandbox (SAND) unlock took place on February 14th. One of the most important events of this month was this un-lock event. The project has released 12,419% of its total supply, which equates to over 372 million SAND tokens worth approximately $266 million. BitDao (BIT) unlocked the second most valuable of the month by circulating 187 million BIT tokens on February 15, which equates to $105.85 million. This event unlocked 1.88% of the total supply.
The decentralized exchange UniSwap also had an unlock event. The altcoin project released $52.5 million worth of locked UNI on February 16, accounting for 0.83% of the total supply. exists. Also, today there was an unlock event for the popular metaverse coin ApeCoin (APE). The altcoin has unlocked approximately $37.09 million worth of locked APE tokens, accounting for 0.73% of its total supply. In addition, the artificial intelligence coin The Graph (GRT), which is the trend of recent times, held the un-lock event today. The released token is worth $11.5 million, accounting for 0.73% of the total supply.
7 upcoming altcoin unlock events
The un-lock event of Lido DAO Token (LDO) and Oasis Network (ROSE) is scheduled to take place tomorrow (February 18). The Lido DAO will release LDO tokens worth approximately $18.72 million, accounting for 0.79% of its total supply. Oasis Network will launch ROSE, which is worth $11.87 million and equals 1.66% of the total supply.
Alpine (ALPINE), a FAN token, plans to unlock the ALPINE token on February 21, which is worth approximately $23.65 million and accounts for 18.4% of the total supply.
Acala (ACA) and ImmutableX (IMX) are scheduled to unlock on February 25 and will issue tokens worth $615,996 and $13.2 million respectively. The total unlocked amount of IMX will be partially released at $485,245 each day.
The last unlocks of the month will come from Ronin and Yield Guild Games (YGG), scheduled for February 27. Ronin will release 4.154 percent of its total supply, which corresponds to $32.9 million, while YGG will unlock $5.1 million of its token.
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