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Crypto Projects Prepare for Significant Token Unlocks and Airdrops in February

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Crypto Projects Prepare for Significant Token Unlocks and Airdrops in February

Crypto Projects Prepare for Significant Token Unlocks and Airdrops in February

Crypto News – In the Upcoming Month, Several Crypto Projects to Unlock Substantial Token Reserves – February Overview by TokenUnlocks

Prominent Token Unlocks

In the forthcoming month, notable token unlocks are set to take place within the crypto space. Based on data from TokenUnlocks, here is a detailed breakdown of these significant events scheduled for February:

  1. Aptos: On February 11th, Aptos is set to unlock nearly 25 million tokens, with a current market value of $222 million. This release accounts for more than 7% of the circulating supply of Aptos tokens. Aptos, a Layer-1 network, originated from Facebook’s Libra project, similar to Sui.
  2. The Sandbox: February 14th marks the date when The Sandbox will unlock a staggering 205 million tokens, valued at $88 million according to current prices. This represents approximately 9% of the total circulating supply of The Sandbox tokens. The Sandbox is a metaverse platform where users can purchase virtual plots of customizable land.
  3. Avalanche: On February 21st, Avalanche, a Layer-1 network aiming to achieve 100,000 transactions per second (TPS), will unlock 9.5 million tokens, which are currently worth $344 million. This release constitutes 2.6% of the circulating AVAX token supply, pushing the total unlocked AVAX tokens to 60%.
  4. Optimism: As February draws to a close, specifically on February 28th (bearing in mind that it’s a leap year), Optimism will unlock 24 million tokens. At current prices, this release is valued at $72 million and represents 2.5% of the Ethereum L2 network’s circulating token supply.

Smaller Token Unlocks

Additionally, in February, there are several smaller token unlocks to watch out for:

  • On February 13th, Cyberconnect tokens worth $16 million will be unlocked.
  • February 16th will see the release of $21 million worth of ApeCoin tokens.
  • On February 18th, $18 million worth of Manta Network tokens and $20 million worth of Oasis Network tokens will be unlocked.
  • Lastly, on February 21st, $5 million worth of Space tokens will become available.

Stay tuned for these significant events within the cryptocurrency space as tokens are unlocked and airdropped throughout the month of February.

Crypto Projects Prepare for Significant Token Unlocks and Airdrops in February

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