Token unlocking includes the release of previously locked tokens according to fundraising conditions. Projects carefully schedule these releases to avoid market pressure and prevent token price declines.
Three key token unlocks to watch for next week are:
Aptos (APT)
- Unlock date: November 11
- Tokens to be unlocked: 11.31 million APT
- Current circulating supply: 519.93 million APT
Aptos is a layer-1 blockchain designed to provide a secure and scalable infrastructure for decentralized applications. It introduces innovative technology with a focus on security and performance to enhance the blockchain experience.
As one of the most successful blockchain projects in recent years, Aptos has faced criticism from the crypto community over its token economics, which has been heavily influenced by venture capital.
A significant portion of APT tokens remains locked. On November 11, 11.31 million APT tokens are scheduled to be distributed to community members, core contributors, and investors.
Starknet (STRK)
- Unlock date: November 15
- Tokens to be unlocked: 64 million STRK
- Current circulating supply: 2.09 billion STRK
Starknet is developing a ZK-Rollup layer-2 solution to scale decentralized applications on Ethereum. Following successful investment rounds, the team introduced the STRK token, which is essential for decentralizing the network.
On November 15, 64 million STRK tokens are scheduled to be distributed to investors and early contributors.
Arbitrum (ARB)
- Unlock date: November 16
- Tokens to be unlocked: 92.65 million ARB
- Current circulating supply: 3.97 billion ARB
Arbitrum is one of the most popular layer-2 solutions for Ethereum, developed by Offchain Labs. The mainnet was launched in August 2021 with funding from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, entrepreneur Mark Cuban, and the cryptocurrency exchange Coinbase.
Next week, Arbitrum is set to unlock 92.65 million ARB, valued at around $596.3 million. These tokens will be distributed to the team, advisors, and investors.
Next week, there will also be various token unlocks, including Cheelee (CHEEL), Ethena (ENA), and ApeCoin (APE), with a total value exceeding $480 million.
