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.