Bittime - April seems to be a month full of new token release events aka unlock tokens that attract public attention. Several prominent crypto projects such as Aptos, Arbitrum, and Starknet are in the spotlight.
According to data from Token Unlocks, these projects will experience the biggest token unlock this month, signaling the potential for significant market movement.
1. Aptos
Aptos led the parade with the release of 24.84 million APT tokens on April 12. These tokens are allocated to the Aptos Foundation, core contributors, investors, and communities, and represent 6.2% of the total circulating supply. The release is expected to increase the token's liquidity and attract new investors.
2. Starknet
Starknet followed by unlocking 64 million STRK tokens (approximately Rp 1.8 trillion) on April 15. These tokens represent almost 8.8% of the total supply and will be distributed to early contributors and project investors. This release marks an important step in Starknet's development and could drive adoption of its platform.
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3. Arbitrum
Arbitrum did not want to be outdone by releasing 92.69 million ARB tokens (around Rp 1.9 trillion) on April 16. These tokens are allocated to the project team and development, as well as advisors, and represent 3.5% of the total supply. This release is expected to increase community participation and strengthen the Arbitrum ecosystem.
In addition to these three giants, other projects such as Axie Infinity (AXS), Immutable (IMX), and Optimism (OP) are also scheduled to conduct token unlock in April.
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4. Axie Infinity
Axie Infinity will unlock 10.87 million AXS tokens on April 17, representing 7.6% of the total supply.
5. Immutable X
Immutable will release 34.19 million IMX tokens (approximately Rp 1.4 trillion) on April 19, which is 2.4% of the total supply.
6. Optimism
Optimism will unlock 24.16 million OP tokens (approximately Rp 1.1 trillion) on April 29, representing 2.4% of the total supply.
Conclusion
The release of these tokens can have a significant impact on token prices and market volatility. Investors and traders need to pay close attention to the latest developments and conduct in-depth analysis before making investment decisions.
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Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Arbitrum (ARB) Price Prediction in 2024
Exploring Axie Infinity (AXS): A Gaming Metaverse
Starknet Begins to Respond to STRK Token Airdrop Issue
Aptos (APT) Predictions According to Crypto Academy
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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