The ever-evolving crypto world is moving toward massive token unlocks as per tokenomics. As per the data from Phoenix Group, the approaching token unlocks take into account, Sleepless AI, Ethena, And Galxe in the prominent positions. The crypto analytics firm took to social media to disclose the list of these impending token unlocks.
Sleepless AI Dominates Top Impending Token Unlocks with 1.72% of Supply to Be Released
In Phoenix Group’s list of top token unlocks, Sleepless AI ($AI) takes the leading position for its occurrence before the rest. The crypto project is reportedly going to witness 1.72% of its token supply in the latest unlock, denoting 17.25M $AI ($5.47M). The 4th of February is the date scheduled for this token unlock. The 2nd major token unlock is Ethena ($ENA) with 7.93M $ENA ($4.99M) tokens to be unlocked on 5th of February. This accounts for a 0.25% of the project’s cumulative token supply.
Galxe ($GAL) is the top 3rd project in the case of prominent approaching token unlocks. Hence, a 2.59% of the supply thereof will be unlocked on the 5th of this month, accounting for $9.31M (5.18 $GAL). The next project is Kaspa ($KAS) to witness 0.67% of its supply in the token unlock to occur on February 5. This takes into account 172.01M $KAS tokens (nearly $17.10M). Subsequently, Jito ($JTO) is going to see a token unlock of 1.13% supply on the 7th of February. Thus, cumulative 11.31M new $JTO tokens will be available, accounting for $32.89M.
The 6th name on the list is Neon ($NEON), with 53.91M $NEON tokens ($14.30M) to be released on February 7. This amount reportedly equals 5.50% of the cumulative token supply of the project. In addition to this, the 7th rank in the list is obtained by Xterio ($XTER) as the project will release up to 5.50% of its total token supply. Thus, on the 8th of this month, 55.00M $XTER tokens will newly enter the market. The respective figure is equal to a great value of approximately $31.21M.
Xai Bottoms List with 2.32% of Supply to Be Released on February 9
Phoenix Group’s list of top impending token unlocks adds Movement ($MOVE) in the 8th place. The project has reportedly scheduled a token unlock of up to 50.00M $MOVE, equaling a staggering $31.21M for the 9th of February. This value represents 0.50% of Movement’s overall token supply. The last project in the list is Xai ($XAI) which will release 2.32% of its token supply on February 9. This comprises 355.89M $XAI tokens (nearly $3.78M).
