According to TokenUnlocks data, several cryptocurrency projects, including Aptos, Avalanche, and Optimism, will unlock a large number of tokens this month.
Layer 1 blockchain Aptos will unlock nearly 25 million APT tokens on Sunday (11th), which is valued at approximately $222 million based on the current price, accounting for over 7% of the circulating supply.
The SAND tokens of Web3 metaverse platform The Sandbox will unlock 205 million tokens on February 14th, valued at around $88 million based on the current price, accounting for 9% of the circulating supply.
Avalanche, a Layer 1 blockchain, will unlock 9.5 million AVAX tokens on February 21st, valued at approximately $344 million based on the current price, accounting for 2.6% of the circulating supply. This token unlock will also bring the total unlocked AVAX tokens to 60%.
Optimism, a Layer 2 network on Ethereum, will unlock 24 million OP tokens on February 28th, valued at around $72 million based on the current price, accounting for 2.5% of the circulating supply.
In addition to the mentioned projects, there are other smaller-scale tokens unlocking in February, including:
Web3 social network CyberConnect: On February 13th, approximately $16 million worth of CYBER tokens will unlock.
Bored Ape Yacht Club ecosystem token ApeCoin: On February 16th, approximately $21 million worth of APE tokens will unlock.
Modular blockchain Manta Network: On February 18th, approximately $18 million worth of MANTA tokens will unlock.
Privacy-focused blockchain Oasis Network: On February 18th, nearly $20 million worth of ROSE tokens will unlock.
Decentralized domain name protocol Space ID: On February 21st, approximately $5 million worth of ID tokens will unlock.
