cryptobriefing.com
Several projects are set to release a substantial volume of tokens in February, according to data from Token Unlocks. Among them, Avalanche (AVAX), Aptos (APT), The Sandbox (SAND), and dYdX (DYDX) are expected to see the most extensive token releases.
Kicking off the month on February 1, dYdX will unlock 33.33 million DYDX tokens, representing approximately 10.6% of its circulating supply and carrying an estimated value of $92 million. These tokens have been designated for distribution to the project’s investors and are allocated for ongoing development and operations.
Aptos is set to follow on February 11 with the unlock of 24.84 million APT tokens, worth around $229 million based on current valuations. This release constitutes roughly 7.3% of the total APT in circulation. The allocation strategy for these tokens includes provisions for the Aptos Foundation, core project contributors, the broader community, and the project’s initial investors.
The next major unlock belongs to The Sandbox, which is scheduled to release 205.59 million SAND tokens, worth around $95 million on February 14. These tokens, accounting for about 9.1% of the circulating supply, are earmarked for the project’s team, advisors, and company reserves.
Towards the end of the month, Avalanche is preparing for a significant token unlock event that will see the release of 9.54 million of AVAX tokens, worth around $344 million. This accounts for 2.6% of the circulating supply. The tokens will be allocated to the project’s partners, the team, the Avalanche Foundation, and the community through an airdrop.