New data shared today by market analyst Phoenix Group listed the top upcoming token unlocks this week.
Top Token Unlocks This Week
Starknet (STRK)
On top of today’s list is Starknet (STRK) because it its unlock event happens tomorrow, July 15. The crypto project will release 127.60 million STRK tokens tomorrow, representing 1.28% of circulating supply, worth $18.18 million.
Arbitrum (ARB)
Arbitrum (ARB) is second on the list because its unlocking event takes place on Wednesday, July 16. The digital asset project will release a total of 92.63 million ARB tokens this Wednesday, amounting to $38.65 million, which is 0.93% of total supply.
Apecoin (APE)
Apecoin (APE) scheduled its upcoming unlock on Thursday, July 17. The crypto project will release 15.38 million APE tokens to the public market this Thursday, valued at $10.37 million (1.54% of its total supply).
SOLV Protocol (SOLV)
SOLV Protocol (SOLV) plans to release a significant amount of tokens on Thursday, July 17 this week. The crypto project will unlock 296.23 million SOLV tokens, worth $13.29 million (3.53% of supply).
Debridge (DBR)
Fifth on the list is Debridge (DBR). The crypto project will also release 590.78 million DBR tokens on this Thursday July 17, representing $13.29 million worth 5.91% of total supply.
UXLINK (UXLINK)
Next is UXLINK (UXLINK). The digital asset project will release 33.33 million UXLINK tokens this Friday, July 18, equivalent to $12.60 million (3.33% of circulating supply).
Sanctum (CLOUD)
Sanctum (CLOUD) is in seventh place. The project will unlock 125.40 million CLOUD tokens (12.50% of total supply) worth $10.06 million this Friday, July 18.
SAROS (SAROS)
SAROS (SAROS) scheduled to unlock 213.93 tokens (2.14% of supply) valued at $54.70 million this Saturday, July 19.
Layerzero (ZRO)
Lastly, Layerzero (ZRO)’s upcoming unlock is scheduled for this Sunday, July 20. The project will release 24.68 million ZRO tokens (2.47% of supply), valued at $53.98 million.
Learn How to Take Advantage of Upcoming Unlocks
Token unlock means the release of previously restricted (locked) coins into circulation. Multiple crypto projects have laid out plans to periodically release previously locked tokens to the open market. This routinely happens to prevent early investors from selling all their holdings at once.
Such unlocking events normally increase market supply and may lower token prices due to increase of tokens made available for trading. Despite these dynamics, the unlock events are crucial as they bring stability in the market and give traders access to previously locked tokens.
As the data highlighted the major upcoming token unlocks, knowing when coins are about to be released can help trader anticipate potential price volatility. Understanding how to handle token release events can help traders minimize risks and capitalize on opportunities. However, this needs strategic preparations and research.
Not all unlocking events trigger price drops. Projects with strong fundamentals, a committed development team, and enthusiastic community engagement can swallow the increased supply without causing adverse price movements.
Investors need to plan for their trades depending on the unlocking schedules. Waiting for a suitable market entry can be helpful if a token release is anticipated to trigger a price fall. Also, early positioning can be beneficial if a release indicates project growth.
