In the coming days, we are going to witness some prominent token unlocks. Gate.io has revealed the list of the top token unlocks that are going to occur between the 12th and 18th of this month and can considerably influence trading volumes, market sentiment, and token prices. The platform took to its official X account to provide the details about the respective token unlocks.
Gate.io Discloses the List of Top Token Unlocks to Occur between August 12 and 18
In its latest X post, Gate.io noted that the members of the crypto community pay much attention to such events. As per Gate.io, these projects take into account $ARB, $SAND, $STRK, $APE, and $SEI. The ARB token is reportedly going to see a token unlock of up to $52.98M worth on the 16th of August. The ARB token plays the central role in the ecosystem of Arbitrum
The token enables lower fees along with rapid transfers on the network of Ethereum. This huge unlock could affect the market dynamics of ARB. In this respect, the big coin releases can pave the way for heightened supply. This can likely influence the price of the token. SAND is another token to witness a token unlock of nearly $51.86M worth on the 14th of August. SAND operates as the native coin within the Sandbox ecosystem. It serves the functions like staking, governance, and transactions.
In addition to this, the STRK token will reportedly see $23.43M in the token unlock on the 15th of August. Moreover, APE will see a token unlock of approximately $9.07 million on the 17th of this month. Additionally, SEI will behold $7.11 million in the token unlock on the same date. CYBER is another token in this list. Its token unlock will record $5.74M on the 14th of August.
These Token Unlocks Play a Crucial Role in Wider Crypto Sphere, Grasping the Attention of Onlookers
Furthermore, the RENDER token will witness a token unlock of almost $3.44 million. Apart from that, ENA and ROSE will see $4.43M and $8.97M in token unlocks. According to Gate.io, the above-mentioned token unlocks denote major events for the respective projects as well as the wider crypto market.
