Crypto Market to Witness $220 Million Token Unlocks

The crypto market will see certain projects releasing tokens into circulation next week, including Aptos, The Sandbox, Arbitron, Starknet, CYBER, Ethena, Render, io.net, Moonbeam, Nym, Euler, and Forta.

Cryptocurrency markets will see an additional $220 million in token unlocks next week, continuing a trend that began in recent weeks. Aptos, The Sandbox, Arbitrum, and Starknet will lead the unlocks with over $180 million combined. Aptos will see the largest unlock, with 12.5% of its total supply hitting the market. RENDER will also experience further unlocks, adding to previous hikes in its circulating supply. This marks the second consecutive week of token unlocks greater than $200 million. Some projects, like Aptos and Arbitrum, have seen their prices rise significantly since their initial launches, while others have struggled to maintain their value. Aptos, which launched in October, has seen its token price increase by over 400%, while Arbitrum, which launched in August, has seen its token price increase by over 200%. On the other hand, projects like The Sandbox and Starknet have seen their token prices decrease since their initial launches. The Sandbox, which launched in December 2021, has seen its token price decrease by over 70%, while Starknet, which launched in March 2023, has seen its token price decrease by over 50%. Overall, the token unlocks will have a significant impact on the cryptocurrency markets, potentially leading to increased volatility and price movements.

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