This week draws attention to key cryptocurrency unlock events, potentially leading to significant market changes. Such events can impact the overall crypto ecosystem.
The Sandbox (SAND) Unlock
On February 14, over 205.5 million SAND will be unlocked, representing over 6.8% of the total supply. The unlocked amount will be over $79.5 million, or 8.38% of the fully diluted market cap of the token at $1.16 billion. So far, over 93% of the total supply has been unlocked. This week, SAND has shown an upward trajectory, climbing from around $0.36 to above $0.41.
Aptos (APT) Unlock
On February 12, over 11.3 million APT tokens will be unlocked, representing almost 1% of the total supply. The unlock amount will be over $69 million, or almost 2% of the fully diluted market cap of over $6.7 billion. This week, APT also showed an upward trajectory, rising from $5.7 to over $6.36.
Market Impact and Other Tokens
Also noted this week are token unlocks for Berachain (BERA), Arbitrum (ARB), Moca (MOCA), StarkNet (STRK), and Staika (STIK). These events may lead to price changes and influence market volatility.
The upcoming token unlocks could significantly affect the cryptocurrency market, causing price shifts and increasing trading activity. Investors and observers should be vigilant and prepared for potential fluctuations.
