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Token unlocks are scheduled for February will release $588.4 million worth of tokens into circulation, according to data from Token Unlocks.
1inch ($1INCH), Moonbeam (GLMR), Aptos ($APT), ApeCoin ($APE), and Tornado Cash ($TORN) are among the 17 projects scheduled their unlocks throughout the month, according to Token Unlocks.
Top three largest unlocks
The Sandbox’s ($SAND) unlock, scheduled for Feb. 14, will be the most valuable of the month. The project will release 12.419% of its total supply, which equates to over 372 million $SAND tokens, valued at around $266 million.
BitDao (BIT) will host the second most valuable unlock of the month on Feb. 15 by releasing 187 million BIT tokens into circulation, which equates to $97 million. Finally, $APT’s unlock, expected on Feb. 12, will release $75 million worth of $APT tokens into circulation, marking the third largest unlock of the month.
Other unlocks by date
First unlock of the month will come from $1INCH on the first day of the month. The project will release 64,286 tokens into circulation, priced at $32,566.
Galxe (GAL), NYM, and X2Y2 will follow $1INCH with their unlocks scheduled for Feb. 2, 3, and 4, respectively. GAL will release $436,538 worth of tokens, while NYM and X2Y2 will unlock $23 million and $5 million, respectively. X2Y2’s unlock will take place on a daily basis, releasing $109,964 worth of tokens per day.
On Feb. 6, $TORN will release 175,000 tokens, valued at just above $1 million. Four days later, on Feb. 10, GLMR will add another $1.3 million into circulation by releasing 3 million tokens. GLMR will release $90,396 daily until the total unlock amount is reached.
SweatEconomy’s (SWEAT) release start on Feb. 13, following GLMR and will release a total 129 million tokens valued at $1.9 million, by unlocking $97,116 worth of tokensper day.
dYdX (DYDX) and Euler scheduled their unlocks for Feb. 14 and 15 and are expected to release $19 million and $496,792 worth of tokens, respectively. $APE’s unlock is scheduled for Feb. 17, and will release $42 million worth of $APE tokens into circulation.
Acala (ACA) and ImmutableX ($IMX) both scheduled their unlocks for Feb. 25 and are set to release $615,996 and $13.2 million worth of tokens, respectively. $IMX’s total unlocked amount will be released partially, with $485,245 every day.
The last unlocks of the month will come from Ronin and Yield Guild Games (YGG), which are scheduled for Feb. 27. Ronin will release 4.154% of its total supply, which equates to $32.9 million, while YGG will unlock $5.1 million worth of tokens.