As we reported at Kriptokon.com , token unlocks in the crypto market refer to the process of projects releasing locked tokens at certain time periods. This process is usually done to keep price fluctuations to a minimum and reduce pressure on the market. Next week, important unlocks of some major projects will take place. In addition, this situation will be closely monitored by investors. Here are three major token unlocks that stand out.
The First Crypto on the List: Aptos (APT)
Aptos will release exactly 11.31 million APT tokens on November 11. This project stands out as a Layer-1 blockchain that aims to provide a secure infrastructure. Creating a solid ground for decentralized applications, Aptos will add new tokens to the current circulating supply of 519.93 million APT.
However, Aptos’ tokenomics are the subject of criticism from the community. In particular, the fact that a large portion of the tokens are allocated to venture capital firms has raised concerns among some investors. With this unlock, community members, core contributors, and investors will have access to new crypto. However, this will lead to short-term selling pressure in the market.
Starknet (STRK)
Starknet is an innovative approach to problems as a Layer-2 solution running on the Ethereum network. The project, which will release 64 million STRK tokens on November 15, will expand the current circulating supply of 2.09 billion STRK. These coins will be distributed among investors and early contributors.
This unlock has the potential to strengthen the Starknet ecosystem. However, investors should be careful to watch for possible sell-offs in the market. Investors will be closely monitoring the price movements of the crypto following this massive distribution.
Arbitrum (ARB): Ethereum Layer-2 Leader
Arbitrum stands out as one of the most popular Layer-2 solutions for the Ethereum network. On November 16, there will be an unlock of 92.65 million ARB tokens. With this, the crypto current circulating ARB supply is calculated as 3.97 billion. These coins will be allocated to the project team, advisors and investors.
This grand unlock by Arbitrum marks a distribution of tokens worth approximately $59.63 million. In addition, this development will lead to short-term fluctuations in the price of the ARB token. Investors should carefully monitor this process and determine their strategies.
Other Notable Crypto Unlocks
Apart from these, projects such as Cheelee (CHEEL), Ethena (ENA) and Apecoin (APE) will also make important key openings next week. However, these openings, which exceed $ 480 million in total, will lead to significant movements in the market. Investors should be careful during this process and take positions according to market developments.
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