5 Token Unlocks to Watch Next Week

Source Beincrypto

Token unlocks release previously restricted tokens tied to fundraising agreements. Projects schedule these events strategically to limit market pressure and stabilize 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 building a ZK-Rollup Layer-2 solution to enhance the scalability of decentralized applications on Ethereum. After completing a successful funding round, the team launched the STRK token, a key element in decentralizing the network.

On January 15, the project will unlock 64 million STRK tokens, allocating them to investors and early contributors.

STRK unlockSTRK Unlock. Source: Tokenomist

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 designed to provide high-performance infrastructure for decentralized finance (DeFi) and other decentralized applications (dApps). Built on the Cosmos SDK, SEI operates as a Layer-1 blockchain with a strong focus on speed, scalability, and user-centric features.

On January 15, the project is set to release over 55 million SEI tokens allocated to its team members.

SEI unlockSEI Unlock. Source: Tokenomist

Arbitrum (ARB)

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

Arbitrum, developed by Offchain Labs, is a leading Layer-2 solution for Ethereum. Launched in August 2021, it has backing from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase.

Next week, Arbitrum will unlock 92.65 million ARB tokens, worth approximately $68 million. These tokens are allocated to the team, advisors, and investors, marking a significant event for the ecosystem.

ARB unlockARB Unlock. Source: Tokenomist

Apecoin (APE)

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

ApeCoin, the token for Yuga Labs’ Ape ecosystem, will release over 15 million tokens on January 17. These tokens will go to the treasury, founders, team, and contributors.

In the past, APE’s price has fallen after large token releases. However, with growing interest in NFTs, the price drop might not be as severe this time. Investors and traders should watch this event closely, as it could have a big impact on the token’s price.

APE unlockAPE Unlock. Source: Tokenomist

Ondo (ONDO)

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

Ondo Finance, a real-world asset (RWA) project, plans a major token unlock on January 18. The release, valued at $2.42 billion, represents 134.21% of its circulating supply. The tokens will be allocated for private sale participants, ecosystem growth, and protocol development.

ONDO unlockONDO Unlock. Source: Tokenomist

Next week’s cliff token unlocks will also include Eigen Layer (EIGEN), Ethena (ENA), and Echelon Prime (PRIME), among others, with a total combined value exceeding $2.8 billion.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Circle stock plunges 15%, analysts predict bearish pressure from key long-term headwindsCircle (CRCL) shares slid 15% on Tuesday following analysts' predictions that declining interest rates and competition from other stablecoin issuers would affect its long-term growth.
Author  FXStreet
Jun 25, Wed
Circle (CRCL) shares slid 15% on Tuesday following analysts' predictions that declining interest rates and competition from other stablecoin issuers would affect its long-term growth.
placeholder
Gold price declines to fresh two-week low, further below $3,300 ahead of US PCE dataGold price (XAU/USD) attracts fresh sellers following the previous day's directionless price move and slides back below the $3,300 mark during the Asian session on Friday.
Author  FXStreet
22 hours ago
Gold price (XAU/USD) attracts fresh sellers following the previous day's directionless price move and slides back below the $3,300 mark during the Asian session on Friday.
placeholder
US core PCE inflation set to tick up slightly as markets mull timing of Federal Reserve rate cuts The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for May on Friday at 12:30 GMT. 
Author  FXStreet
21 hours ago
The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for May on Friday at 12:30 GMT. 
placeholder
Why Hasn't Ethereum Broken Through the $2,500 Key Level?Ethereum (ETH) fell nearly 1% in early trading on Friday. As of this writing, Ethereum is trading around $2,440.
Author  Insights
19 hours ago
Ethereum (ETH) fell nearly 1% in early trading on Friday. As of this writing, Ethereum is trading around $2,440.
placeholder
EUR/USD consolidates near highs as investors ramp up bets for Fed rate cuts The EUR/USD pair appreciates for the seventh consecutive day but remains capped below the nearly four-year high at 1.1745 reached on Thursday.
Author  FXStreet
19 hours ago
The EUR/USD pair appreciates for the seventh consecutive day but remains capped below the nearly four-year high at 1.1745 reached on Thursday.
goTop
quote