5 Token Unlocks to Watch Next Week

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The initial tokens are made available once a token is activated, which were earlier confined by funding contracts. The projects plan these releases tactfully, aiming to reduce market stress and maintain stable prices.

Here are five large token unlocks scheduled for next week.

Starknet (STRK)

  • Unlock date: January 15
  • Number of tokens unlocked: 64 million STRK
  • Current circulating supply: 2.41 billion STRK

Starknet is constructing a ZK-Rollup system for boosting the scalability of decentralized apps (DApps) within the Ethereum network. Following a successful funding phase, the team introduced the STRK token, which plays a crucial role in decentralizing the network’s structure.

On January 15th, we’ll release 64 million STRK tokens, distributing them among our investors and early supporters.

Sei (SEI)

  • Unlock date: January 15
  • Number of tokens unlocked: 55.56 million SEI
  • Current circulating supply: 4.20 billion SEI

SEI is a blockchain platform specifically engineered to offer robust infrastructure for Decentralized Finance (DeFi) and various decentralized apps (dApps). Constructed using the Cosmos SDK, SEI functions as a Layer-1 blockchain, emphasizing speed, scalability, and user-friendly attributes.

On January 15th, the project plans to distribute approximately 55 million SEI tokens that were earmarked for its staff members.

Arbitrum (ARB)

  • Unlock date: January 16
  • Number of tokens unlocked: 92.65 million ARB
  • Current circulating supply: 4.21 billion ARB

Offchain Labs’ Arbitrum is a prominent second-layer platform designed for compatibility with Ethereum, launched in August 2021. This innovative solution has gained support from significant investors such as Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase.

In the upcoming week, Arbitrum is set to release 92.65 million ARB tokens, valued around $68 million. These tokens have been earmarked for the project’s team, advisors, and investors – a substantial move that signifies a major milestone for their ecosystem.

Apecoin (APE)

  • Unlock date: January 17
  • Number of tokens unlocked: 15.60 million APE
  • Current circulating supply: 721.44 million APE

On January 17th, a total of 15 million ApeCoins, which serve as the currency for Yuga Labs’ Ape-centric universe, will be distributed. This distribution will include portions allocated to the treasury, founding members, staff, and key contributors.

Historically, the price of APE has dipped following significant token releases. But given the increasing buzz around NFTs, the decline in price may not be as drastic this occasion. Therefore, it’s crucial for investors and traders to keep an eye on this event, as it could significantly influence the token’s value.

Ondo (ONDO)

  • Unlock date: January 18
  • Number of tokens unlocked: 1.94 billion ONDO
  • Current circulating supply: 1.44 billion ONDO

On January 18th, Ondo Finance, a project focused on real-world assets (RWA), is set to carry out a significant token release worth approximately $2.42 billion. This amount corresponds to 134.21% of the current circulating supply. The distributed tokens will be utilized for various purposes, such as rewarding private sale participants, stimulating ecosystem growth, and funding protocol development.

In the upcoming week’s unveiling, you will find tokens like Eigen Layer (EIGEN), Ethena (ENA), and Echelon Prime (PRIME) alongside others. The collective worth of these tokens is anticipated to surpass a staggering $2.8 billion.

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2025-01-12 12:29