Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.

Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.

5 unlocks to watch this week

Aptos (APT)

  • Unlock Date: March 12

  • Number of Unlocked Tokens: 24,840,000 APT

  • Current Circulating Supply: 369,042,328 APT

Although the first-level blockchain Aptos can definitely be considered one of the most successful projects of 2023, it is regularly criticized by the crypto community for its tokenomics, which is largely dominated by venture capital. The majority of the #APT supply is still locked. Unlocks will occur every month over the next ten years. Tokens released on March 12 will be distributed among the Aptos fund, community members, and investors.

CyberConnect (CYBER)

  • Unlock Date: March 15

  • Number of Unlocked Tokens: 886,120 CYBER

  • Current Circulating Supply: 14,821,350 CYBER

CyberConnect is a decentralized social graph protocol built on the BNB Smart Chain blockchain. It helps create social connections between users and projects on various platforms and manage them. The native token #CYBER allows holders to buy CyberID, vote on protocol improvement issues, and pay transaction fees. Tokens unlocked next week are reserved for the project treasury and ecosystem development.

Flow (FLOW)

  • Unlock Date: March 16

  • Number of Unlocked Tokens: 2,600,000 FLOW

  • Current Circulating Supply: 1,493,452,839 FLOW

Flow is a blockchain platform designed for issuing non-fungible tokens (NFTs) and creating gaming applications. The platform was developed by Dapper Labs, the creator of the popular game CryptoKitties. The Flow ecosystem is supported by leading sports associations, including the NBA, UFC, and NFL. The project's native token is used for fee payments, executing smart contracts, consensus algorithm operation, and asset issuance collateral. Coins unlocked on March 16 are intended for Dapper Labs.

Arbitrum (ARB)

  • Unlock Date: March 16

  • Number of Unlocked Tokens: 1,110,000,000 ARB

  • Current Circulating Supply: 1,451,000,000 ARB

Arbitrum is one of the most popular Layer 2 (L2) solutions for Ethereum. Arbitrum is developed by Offchain Labs. The project's mainnet was launched in August 2023. The development funding involved Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, entrepreneur Mark Cuban, and popular crypto exchange Coinbase. Next week, the project will unlock over 1 billion #ARB tokens - at the current price, their value is about $2.28 billion. The coins unfrozen during this event will be distributed among the team, advisors, and project investors.

ApeCoin (APE)

  • Unlock Date: March 17

  • Number of Unlocked Tokens: 15,600,000 APE

  • Current Circulating Supply: 612,239,583 APE

ApeCoin is the native token of the Ape ecosystem from Yuga Labs, which includes one of the most popular NFT collections, Bored Ape Yacht Club. #APE usually reacts to unlocks with a drop, but considering the renewed interest of users in NFTs in general and BAYC in particular, the next dip may not be as significant.

Liked the overview? Give it a thumbs up! ๐Ÿ‘