Aptos, Stark, XAI, Render gear up for $111M unlocks next week

• Token Unlocks data reveals that the crypto market will witness $111 million in new unlocks next week.
• Aptos and Starknet will see the largest unlock volume, adding $64 million and $25 million worth of tokens to their circulating supply.
• XAI, ENA, RENDER, and IO will also see a combined $15 million in unlocks next week.

The crypto market will witness rock unlocks totaling $111 million next week. Aptos (APT) and Starknet (STRK) will see the most volume, with $64 million and $25 million worth of new tokens entering circulation, respectively.

APT, STRK Lead Next Week’s Token Unlocks

Several crypto projects will see an increase in their circulating supply, totaling $111 million next week. Tokens set to unlock rocks include Aptos (APT), Starknet (STRK), Xai (XAI), Render (RENDER), Athena (ENA), io.net (IO) and Cyber ​​(CYBER).

Cliff unlocks refer to periodic unlocks of invested tokens to investors, team members, community members or other key stakeholders. Prices often tend to fall during cliff unlocks if demand fails to catch up with new supply.

Key highlights for next week’s rock unlock are Aptos (APT) and Starknet (STRK), which will unlock $66 million and $25 million worth of tokens, respectively.

Aptos will unlock 11.31 million APT tokens (2.32% of its supply) next week. These tokens will be distributed among the foundation, community, founder and private investors. Meanwhile, Aptos Labs announced that Libre Protocol launched its money market tokenized funds on its network on Friday, joining the likes of Solana and Near Protocol.

APT and STRK are currently down almost 3% and 2% in the last 24 hours.

Other tokens set to add to their current supply in circulation include XAI, with 6.3% of its $6 million supply in circulation. IO, RENDER, and ENA will each add $3 million worth of new tokens to their circulating supply.

Other tokens with low unlock volume include GMX, PENDLE and GLMR. Each of these tokens will release less than $1 million of their supply into circulation.