3 Token Unlocks to Watch Next Week
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Here are three major unlocks to watch next week.
Xai (XAI)- Unlock date: September 9
- Number of tokens unlocked: 35.88 million XAI
- Current circulating supply: 572.10 million XAI
Xai is the world’s first Layer-3 solution tailored for AAA gaming, built on Arbitrum technology. By simplifying wallet management, Xai eliminates the usual complexities of blockchain integration, making it a seamless addition to the gaming ecosystem.
On September 9, the project will unlock 35.88 million XAI tokens and distribute them to the team, investors, reserves, and the broader ecosystem.
Read more: The 6 Best Cryptocurrency Powered Games in 2024
XAI Unlock. Source: token.unlocks
Aptos (APT)
- Unlock date: September 11
- Number of tokens unlocked: 11.31 million APT
- Current circulating supply: 486.98 million APT
Aptos is a Layer-1 blockchain designed to provide a secure and scalable infrastructure for decentralized applications. With a focus on security and performance, it incorporates innovative technologies to enhance the blockchain experience.
Despite being one of the most successful blockchain projects in recent years, Aptos has faced criticism from the crypto community for its tokenomics, which are heavily influenced by venture capital.
A major portion of APT tokens remains locked. On September 11, the project will distribute 11.31 million APT tokens to community members, core contributors, and investors.
Read more: Where To Buy Aptos (APT): 5 Best Platforms for 2024
APT Unlock. Source: token.unlocks
Starknet (STRK)
- Unlock date: September 15
- Number of tokens unlocked: 64 million STARK
- Current circulating supply: 1.77 billion STARK
Starknet is developing a ZK-Rollup Layer-2 solution to scale decentralized applications on Ethereum. Following a successful investment round, the team introduced the STRK token, essential for decentralizing the network.
“The STRK Token was born so that STARK-based scaling can happen in a more decentralized way. The token design helps Starknet to be run and managed by the community, and Provisions is a powerful means to achieve this,” said Diego Oliva, CEO of Starknet Foundation.
On August 15, the project will unlock 64 million STRK, distributed to investors and early contributors.
Read more: A Deep Dive Into Starkware, StarkNet, and StarkEx
STRK Unlock. Source: token.unlocks
Other next-week cliff unlocks include io.net (IO), Ethena (ENA), Cyber (CYBER), and Render (RNDR), with a total value exceeding $114 million. Although many consider unlocks bearish, a well-planned schedule can strengthen a project’s long-term viability. Aligned with milestones and development progress, unlocks will motivate team members, boost community engagement, and promote ecosystem growth.
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