The crypto sector is moving toward a wave of noteworthy token unlocks during this month. As per the data from Phoenix Group, Solv Protocol $SOLV), Apecoin ($APE), and Manta Network ($MANTA) are among the well-known impending token unlocks. The crypto analytics platform took to social media to share the list of approaching token unlocks.
Solv Protocol to Release 117.55M $SOLV in Upcoming Token Unlock
Solv Protocol ($SOLV) is the leading project among the impending token unlocks. It will see 1.40% of its supply in token unlock on the 17th of February. This includes 117.55M $SOLV ($3.80M). The 2nd project is Apecoin ($APE) which is going to unlock 2.16% of token supply on February 17. This denotes 15.60M $APE (nearly $11.18M) in total. Subsequently, Manta Network ($MANTA) stands in the 3rd position with 13.63M $MANTA tokens to be released on the 18th of this month. The respective amount equals up to $5.49M.
Following that, the 4th upcoming token unlock is Polyhedra ($ZKJ) which will occur on this month’s 19th. In this event, up to 1.55% supply of the project will be issued, signifying 15.50M $ZKJ (almost $31.48M). Another well-known token unlock is Pixels ($PIXEL), with 1.79% thereof to be released. In this respect, on the 19th of February, the project will release $5.81M (89.37M $PIXEL).
Apart from that, Merlin Chain ($MERL) is also going to unlock a considerable 28.25M $MERL tokens, equivalent to $2.82M. Thus, on the same date, the project will unlock this amount, accounting for 1.35% of the project’s cumulative token supply. Additionally, Immutable ($IMX) also plans to conduct a noteworthy token unlock on the 21st of February. For this event, the project has allocated a 1.23% of its entire token supply. This figure reportedly accounts for 24.52M $IMX tokens, equaling $19.68M in total.
Space ID to Occur Last among Approaching Token Unlocks with 18.49M $ID Allocated
Phoenix Group’s list of the approaching token unlocks includes Plume Network ($PLUME) in the 8th position. On this month’s 21st, the project will unlock approximately 1.08% of its overall token supply. In this way, a $13.61M, denoting 108.34M $PLUME tokens, will be unlocked by Plume Network. The last token unlock event on the list is Space ID ($ID) with 0.93% of the supply to be released on the 22nd of February. Hence, up to 18.49M $ID tokens (equaling $5.65M) are to be released by Space ID.
