This week, over $1.2 billion in cryptocurrencies is expected to unlock, which might cause volatility in the token market. This article highlights the top 7 tokens that will be unlocked.
WhiteBIT Coin (WBT)
On Sunday, May 13, nearly 39.5 million WBT tokens will be unlocked, representing 12% of the total supply. So far, almost 70% of the total supply has been unlocked, according to CryptoRank. The unlock amount is $1.2 billion, or 27.4% of the fully diluted market cap of the token at over $9.8 billion. Currently, WBT is trading above $30 with a market cap of over $29.7 million.
Aptos (APT)
Today, over 11.3 million APT tokens are unlocked, or almost 1% of the total supply. So far, over 41% of the supply has been unlocked. The unlock amount is over $68 million, representing almost 2% of the fully diluted market cap of the coin at over $6.9 billion. At the moment of writing this article, APT is trading above $6 with a market cap of over $3.77 billion, and the digital asset is up by over 2.5% in the past 24 hours.
Other Significant Token Unlocks
In addition, this week will also see token unlocks for Arbitrum (ARB), StarkNet (STRK), Immutable (IMX), ApeCoin (APE), and BounceBit (BB), each showing significant unlock volumes that may impact market prices and fluctuations.
The token unlocks this week represent significant events, especially the unlocking of WBT tokens, which may have a strong influence on the market.
