Arbitrum, Aptos, Starkware, SAND Lead $220M Token Unlocks Next Week

• The crypto market will experience $220 million worth of token unlocks next week.
• ARB, APT, SAND and STRK lead unlocks with over $180 million in combined unlocks.
• CYBER, ENA, and RENDER will see additional unlocks, adding to previous increases in their circulating supply.

Friday’s token unlock data reveals that the crypto market will see $220 million worth of tokens enter circulation next week amid signs of recovery from the recent market crash. This marks the second consecutive week of releases in excess of $200 million.

The crypto market will witness the unlocking of $220 million tokens

The crypto market will see some projects launch tokens next week, including Aptos (APT), The Sandbox (SAND), Arbitron (ARB), Starknet (STRK), CYBER, Athena (ENA), Render (RENDER) , yo net (IO), Moonbeam (GLMR), Nym (NYM), Euler (EUL) and Forta (FORT). Data from Token Unlocks shows that these projects will release $220 million worth of tokens in their circulating supply.

The highest version projects include APT, SAND, and ARB; each view unlocks $64 million, $54 million, and $53 million, respectively.

Aptos (APT) rose 2% in the past 24 hours, suggesting investor optimism about the project may have been rekindled.

Future Token Unlocks

ARB also surged over 5% following the launch of Franklin Templeton’s Blockchain Funds on its network, registering as one of Ethereum’s top layer 2.

Meanwhile, several other tokens are witnessing additional unlocks to add to their previous supply in circulation. These tokens include ENA, RENDER, CYBER, FORT and IO.

Ethena (ENA) rallied on Wednesday following the launch of its USDe stablecoin on the Solana network, but is currently down 0.32% as the unlock approaches. The project will unlock tokens worth 0.82% of its current circulating supply.

APE has also seen a steady release of new supply coming into circulation in recent weeks and will unlock $9.52 million of its token offering.