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There are six token unlocks scheduled to take place between Jan. 16 and Jan. 27, with a total amount equating to $169 million, Wu Blockchain reported, citing data from Token Unlocks.
The six tokens in question are Moonbeam (GLMR), Aptos ($APT), BitDAO (BIT), ApeCoin ($APE), Axie Infinity ($AXS), and Ronin ($RON).
The first unlock is GLMR’s on Jan. 11. The project will unlock 46,182,879.41 tokens that account for 4.618% of the total token supply. The USD equivalent of the unlock will be around $15 million.
The second unlock will release 4,543,478.03 $APT tokens, equating to around $16 million. The unlock is scheduled on Jan. 12 and represents 0.454% of the total supply.
The largest unlock is scheduled on Jan. 15 when 1.82% of the total BIT supply will be unlocked, releasing 187,500,000.02 tokens worth roughly $67 million.
On Jan. 17, $28 million worth of $APE tokens will be unlocked. The exact number is 7,343,750, which equates to 0.734% of the total supply.
The second largest unlock will come from $AXS on Jan. 23, where the project will release 4,893,759 tokens worth $31 million. The amount accounts for 1.812% of the total token supply.
Finally, on Jan. 27, 41,932,626 $RON tokens will be unlocked, which equates to the smallest amount at $12 million. The tokens represent 4.293% of the total $RON supply.
Weekly token performances
According to CryptoSlate data, the BIT token has the most considerable weekly increase rate amongst 2500 coins included in CryptoSlate’s data pool. The token recorded a 31.27% increase in the last seven days and a 6.41% increase over the previous 24 hours.
$APT and $APE have also recorded 2.99% and 7.7% increases in the last seven days and 6.97% and 6.05% spikes in the previous 24 hours, respectively.
$AXS, however, is on the negatives on a seven-day basis. Even though the token is up by 6.56% in the last 24 hours, it recorded a -6.5% fall in the previous seven days.