The most significant token unlocks in August.

Token unlock is the process of unfreezing tokens that were previously locked according to investment rounds' terms or other fundraising programs.

Contents:

• Aptos (APT)
• ImmutableX (IMX)
• The Sandbox (SAND)
• ApeCoin (APE)
• Avalanche (AVAX)к

Teams of cryptocurrency projects usually carefully plan the token unlocking process to avoid significant bearish pressure at various stages and prevent token price drops. However, various factors such as liquidity shortage or investor selling after the unlock can significantly impact the asset's value.

Here are 5 important token unlocks to watch in August:

Aptos (APT)

Unlock Date: August 12th.

Number of Unlocked Tokens: 4,540,000 APT.

Current Circulating Supply: 218,166,150 APT.

While Aptos's layer one blockchain has been a successful project this year, its tokenomics has been criticized for significant venture capital dominance. The majority of the APT supply, over 80%, is still locked. Unlocks will occur monthly for the next ten years.

ImmutableX (IMX)

• Unlock Date: August 12th.
• Number of Unlocked Tokens: 18,080,000 IMX.
• Current Circulating Supply: 1,081,888,199 IMX.

Immutable X is a Layer 2 scaling solution for NFTs on the Ethereum blockchain. It has attracted significant investments, and over half of its supply is still locked. Unlocked tokens will be distributed to developers and participants of the private funding round.

The number of unlocked tokens allows the asset to be used and deployed in various scenarios and projects.

The Sandbox (SAND)

Unlock Date: August 14th.

Number of Unlocked Tokens: 332,550,000 SAND.

Current Circulating Supply: 1,934,931,926 SAND.

The Sandbox is a popular Ethereum-based metaverse, enabling users to create virtual worlds, objects, participate in mini-games, and more. Unlocked tokens constitute over 17% of the circulating supply, which could impact the asset's price volatility.

ApeCoin (APE)

Unlock Date: August 17th.

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

Current Circulating Supply: 368,593,750 APE.

ApeCoin is the token of Yuga Labs, the entity behind one of the most popular NFT collections, the Bored Ape Yacht Club. APE usually reacts to unlocks with a price decrease, and considering the recent Bored Ape Yacht Club sell-off, the next dip might be particularly significant.

Avalanche (AVAX)

1. Unlock Date: August 26th.
2. Number of Unlocked Tokens: 9,540,000 AVAX.
3. Current Circulating Supply: 346,020,014 AVAX.

Avalanche is an open-source platform for launching decentralized applications on its blockchain. The  AVAX token is used for network fees and settlements on the Avalanche network. Some of the unlocked tokens will be allocated to strategic partners, the project team, and participants of the airdrop