Top 10 Crypto Token Unlocks For May 2024

New month, new scheduled token unlocks.

The market anticipates the arrival of $2.02 billion worth of crypto through the top 10 largest token unlocks for this month of May 2024.

(Read more: Ultimate Guide to Solana Airdrops 2024 and 10 Potential Crypto Airdrops to Watch Out For in 2024)

What are token unlocks?

Token unlocking is a process enabling the trading of cryptocurrencies or digital tokens after predetermined timeframes or conditions are met. This approach discourages immediate selling by team members, advisors, and early investors.

By gradually releasing tokens over extended periods, typically spanning months or years, this mechanism aims to stabilize prices and align the interests of token holders with the project’s long-term success.

May 2024 Token Unlocks

Sui (SUI)

• Unlock Date:  May 3
• Tokens: 34.62 SUI ($38.77 million)
• About SUI:

SUI functions as both the governance and utility token within the Sui Network, facilitating holding, spending, sending, and staking activities. Serving as the platform’s governance token, SUI holders have the authority to vote on and suggest updates to the Sui protocol, influencing aspects such as fee distribution among platform users and overall structure.

All tokens to be unlocked will go to Sui’s Community Access Program.

Currently, 35% of SUI tokens are locked, 52% are TBD for locking, and 13% are unlocked.

MEMEcoin (MEME)

• Unlock Date:  May 03
• Tokens: 5.3 billion MEME ($128.26 million)
• About MEME:

MEMEcoin strives to become the premier meme-based cryptocurrency. It is the native ecosystem token of Memeland, the web3 venture studio by 9GAG, the globally popular meme platform.

On May 3, 2024, MEMEcoin will initiate a significant distribution event dividing 5.3 billion in two unlocks.

For the Cliff Unlock, there will be an Airdrop distribution of 3.45 billion tokens, representing 20.39% of the circulating supply. Moreover, the Advisory will receive 1.04 billion tokens, equivalent to 6.12% of the circulating supply, and the Investors will have an allocation of 828.00 million tokens.

Additionally, a Linear Unlock event will happen where a Fire Sale distributes 10.41 million tokens per day for 184 days. Further, an Ecosystem allocation of 25.49 million tokens per day for 184 days will occur, and a new allocation for Investors will also happen where 13.57 million tokens per day will be released for 184 days.

Mavia (MAVIA)

• Unlock Date:  May 06
• Tokens: 7.66 million APT ($26.96 million)
• About MAVIA:

Mavia (MAVIA) is the native token of Heroes of Mavia, a mobile web3 MMO Strategy game. MAVIA powers the game’s ecosystem and governance. It enables players to earn tokens through gameplay, facilitates base building, and allows competition for cryptocurrency rewards. Holding MAVIA tokens grants exclusive in-game benefits, including access to cosmetics, decorations, and skins, as well as participation in Legendary Marketplace trading for non-fungible tokens (NFTs) within the game.

The upcoming Cliff Unlock will include a Pre-Sale that is set to distribute 2.33 million MAVIA tokens, Gameplay Rewards have an allocation of 978.26 thousand tokens, and the Community & Ecosystem will receive 4.35 million MAVIA.

Aptos (APT)

• Unlock Date:  May 12
• Tokens: 11.31 million APT ($98.40 million)
• About APT:

The Aptos (APT) token functions as a utility and governance token in its ecosystem, serving as the native token for transaction and network fees on the Aptos network. It provides incentives to validator nodes and participants in Aptos projects through rewards.

On May 12, Aptos is set to have a cliff unlock where the Foundation receives 1.33 million APT tokens, the Community will have 3.21 million APT, Core contributors will be allocated 3.96 million tokens, and Investors will get 2.81 million APT tokens.

Starknet (STRK)

• Unlock Date:  May 15
• Tokens: 64 million STRK ($78.08)
• About STRK:

The Starknet Token (STRK) is a crucial component of Starknet, a platform developed by StarkWare Industries to overcome Ethereum’s scalability issues using STARK technology. Starknet ensures unlimited scalability for Ethereum applications while upholding security and decentralization. STRK has various roles within the network, such as covering transaction fees, contributing to governance decisions, and participating in staking activities.

For its Cliff Unlock, Early Contributors will receive 33.57 million STRK tokens, constituting 4.61% of the circulating supply; while Investors will be allocated 30.43 million STRK tokens, comprising 4.18% of the circulating supply.

Aevo (AEVO)

• Unlock Date:  May 15
• Tokens: 882.77 million AEVO ($1.6 billion)
• About AEVO:

Aevo (AEVO) serves as the core cryptocurrency of the Heroes of Mavia gaming ecosystem, a mobile web3 MMO strategy game. AEVO functions in multiple crucial roles, acting as the native token for gameplay, facilitating land acquisition for base construction, and offering players the opportunity to compete for real cryptocurrency rewards.

Holding AEVO provides gamers with exclusive in-game benefits, including access to unique cosmetics, decorations, and skins, as well as the ability to trade Legendary Items, NFTs utilized and traded within the game. Moreover, AEVO token holders play an active role in the governance of the Heroes of Mavia ecosystem, contributing to decisions on network upgrades, new listings, and general DAO governance.

During the Cliff Unlock on May 15, a significant allocation of AEVO tokens will be distributed across various categories. Initial Private Sale Investors will receive 172.97 million AEVO tokens, while the Team was allocated 215.04 million tokens. Moreover, the DAO Treasury will receive 336.59 million AEVO tokens, equivalent to 305.99% of the circulating supply. Additionally, the remaining RBN in circulation amounts to 103.00 million AEVO tokens, valued at $144.20 million.

Following the Cliff Unlock, a Linear Unlock event was introduced with a duration of 9 days. During this period, Initial Private Sale Investors were granted 1.46 million AEVO tokens per day, totaling approximately $18.45 million. Similarly, the Team received 1.82 million AEVO tokens per day, totaling approximately $22.94 million. Additionally, the DAO Treasury was allocated 2.85 million AEVO tokens per day, totaling approximately $35.90 million.

Arbitrum (ARB)

• Unlock Date:  April 16
• Tokens: 92.65 million ARB ($94.78 million)
• About ARB:

The ARB token serves as a utility token for the Arbitrum Network’s transaction fees and governance decisions. Users can pay transaction costs with ARB, while token holders influence governance choices such as fund allocation and Security Council elections. The Security Council oversees Arbitrum’s treasury and network security, ensuring overall network functionality and governance empowerment.

During the Cliff Unlock, ARB tokens will be distributed among various entities as follows: The Team, Future Team, and Advisors will collectively receive 56.13 million ARB tokens. Furthermore, Investors will be allocated 36.52 million ARB tokens.

Immutable (IMX)

• Unlock Date:  May 17
• Tokens: 25.53 million IMX ($49.27)
• About IMX:

The IMX token powers gas-free NFT minting and trading with zero-knowledge rollups in Immutable, ensuring security. It supports web3 gaming infrastructure, offering seamless integration for developers and authentic digital asset ownership in games. Additionally, IMX acts as a utility token, gathering fees, incentivizing contributors, and facilitating governance in the Immutable X ecosystem.

For the May unlock, IMX tokens will be distributed to two developments. Ecosystem Development will receive 15.91 million IMX tokens, while Project Development will be allocated 9.62 million IMX tokens.

Avalanche (AVAX)

• Unlock Date: May 22
• Tokens: 9.54 million AVAX ($312.20 million)
• About AVAX:

Avalanche (AVAX) is a cryptocurrency and blockchain platform positioned as a competitor to Ethereum. Serving as the native token of the Avalanche blockchain, AVAX employs smart contracts similar to Ethereum, supporting various blockchain projects. AVAX is primarily for transaction fee payments, among other use cases.

For this month’s Cliff Unlock, AVAX tokens will be distributed as follows: Strategic Partners will receive 2.25 million AVAX tokens, 5he Foundation will be allocated 1.67 million tokens, the Team will receive 4.50 million AVAX, and there will also be an airdrop of 1.13 million AVAX tokens.

Optimism (OP)

• Unlock Date: May 29
• Tokens: 24.16 million OP ($61.36 million) 
• About OP:

The OP token functions as the governance token within the Optimism ecosystem, granting holders the ability to engage in governance activities within the Optimism Collective and shape protocol-related decisions.

For this month, OP tokens will be distributed to only two allocations. Core Contributors will receive 12.75 million OP tokens, and Investors will be allocated 11.41 million OP tokens.

April 2024 Token Unlocks

Sui (SUI)

• Unlock Date:  April 3
• Tokens: 34.62 SUI ($66.46 million)
• About SUI:

SUI functions as both the governance and utility token within the Sui Network, facilitating holding, spending, sending, and staking activities. Serving as the platform’s governance token, SUI holders have the authority to vote on and suggest updates to the Sui protocol, influencing aspects such as fee distribution among platform users and overall structure.

This month’s cliff Unlock will allow access to $66.46 million worth of tokens through the Community Access Program, comprising 34.62 million SUI tokens.

Currently, 36% of SUI tokens (3.56 billion) are locked, while 35.59% (5.22 billion) are TBD for locking, and 52.17% (1.22 billion) are unlocked.

Aptos (APT)

• Unlock Date:  April 12
• Tokens: 24.84 million APT ($429.77 million)
• About APT:

The Aptos (APT) token functions as a utility and governance token in its ecosystem, serving as the native token for transaction and network fees on the Aptos network. It provides incentives to validator nodes and participants in Aptos projects through rewards.

For this month, Aptos will have a cliff Unlock where the Foundation will hold 3.21 million APT tokens, Core Contributors will possess 11.88 million APT tokens, and Investors will own 8.42 million APT tokens.

Starknet (STRK)

• Unlock Date:  April 15
• Tokens: 64 million STRK ($136.32)
• About STRK:

The Starknet Token (STRK) is integral to Starknet, a validity rollup platform by StarkWare Industries. Starknet leverages STARK technology to address Ethereum’s scalability limitations, providing unlimited scale for Ethereum applications while maintaining security and decentralization. 

STRK serves multiple functions within the network, including paying transaction fees, participating in governance decisions, and involvement in staking processes. 

Read: StarkNet Airdrop – $TRK and Ecosystem Strategy to be Eligible

The unlock this month will distribute 33.57 million STRK tokens, valued at $71.50 million, to early contributors while Investors will have 30.43 million STRK tokens, valued at $64.82 million. As per the Token Unlock website, 7% of STRK tokens are currently unlocked, 38.21% of tokens are still locked, and 54.59% are yet to be determined (TBD) for locking.

Arbitrum (ARB)

• Unlock Date:  April 16
• Tokens: 92.65 million ARB ($151.94 million)
• About ARB:

The Abitrum Network’s ARB token serves as a utility token for transaction fees and governance decisions. Users can pay transaction costs with ARB, while token holders influence governance choices such as fund allocation and Security Council elections. The Security Council oversees Arbitrum’s treasury and network security, ensuring overall network functionality and governance empowerment.

For the April unlock of ARB, 56.13 million of the tokens will be distributed to Team, Future Team + Advisors, and 36.52m for Investors. As of writing, 27% of ARB tokens are currently unlocked (2.70 billion) 38.95% (3.90 billion) of tokens are locked, while 34.04% (3.40 billion) are yet to be determined (TBD) for locking.

Axie Infinity Shards (AXS)

• Unlock Date:  April 17
• Tokens: 10.87 million ($117.61 million)
• About AXS:

AXS functions as an ERC-20 governance token within the Axie Infinity ecosystem, enabling holders to engage in significant governance decisions and influence the allocation of funds from the Axie Community Treasury.

The token unlock allocations this month includes 3.10 million tokens for Staking Rewards, the Team will hold 6.08 million tokens, and the Ecosystem Fund will have 1.69 million tokens. Data shows that out of the total AXS tokens, 17.12% are locked, 74.07% are unlocked, and 8.81% are untracked.

Manta Network (MANTA)

• Unlock Date:  April 18
• Tokens: 15 million MANTA ($43.80)
• About MANTA:

The MANTA Token serves as the primary utility token of the Manta Network, designed specifically for zero-knowledge (ZK) applications. It facilitates confidential transactions across decentralized finance (DeFi), supply chain management, and identity management sectors, while also supporting the creation of privacy-focused applications.

The tokens to be unlocked will be allocated for the network’s New Paradigm (Airdrop 2). 
Token Unlocks website disclosed that of the total MANTA tokens, 71.92% amounting to 719.20 million tokens are currently locked, while the remaining 28.08% totaling 280.80 million tokens are unlocked.

Immutable (IMX)

• Unlock Date:  April 19
• Tokens: 34.19 million IMX ($105.99)
• About IMX:

The IMX token enables gas-free NFT minting and trading while ensuring security via zero-knowledge rollups in Immutable. It fuels web3 gaming infrastructure, providing seamless integration for developers and facilitating genuine digital ownership of in-game assets.

Furthermore, IMX functions as a utility token, collecting fees, incentivizing contributors, and facilitating governance functions within the Immutable X ecosystem.

For the unlock, 8.66 million IMX will go to private sales, 15.91 million IMX will be for ecosystem development, and 9.62  million tokens for project development. Currently, 28.32% of IMX tokens, amounting to 566.35 million, are locked, while the remaining 71.68%, totaling 1.43 billion tokens, are unlocked.

Pixels (PIXEL)

• Unlock Date: April 19
• Tokens: 53.38 million PIXEL ($39.76)
• About PIXEL:

The PIXEL token is an important part of the Pixels ecosystem, a blockchain-based gaming universe focusing on farming and exploration. It performs various roles such as facilitating in-game transactions, NFT minting, VIP membership, and community governance. 

For the 2nd token unlock of Pixels, advisors will receive 8.33 million PIXEL, Ecosystem Rewards will have 28.33 million tokens, and the treasury will receive 17.71 million PIXELs.

Optimism (OP)

• Unlock Date: April 29
• Tokens: 24.16 million OP ($88.66) 
• About OP:

The OP token functions as the governance token within the Optimism ecosystem, granting holders the ability to engage in governance activities within the Optimism Collective and shape protocol-related decisions.

There are only two allocations for this unlock, 12.75m op for  Core Contributors and 11.41 million tokens for Investors.

At the time of writing, 21.43% of OP tokens, amounting to 920.53 million, are locked, while 55.77% (2.40 billion) are yet to be determined (TBD) for locking. On the other hand, only 22.80% (979.33 million) of tokens are already unlocked.

Echelon Prime (PRIME)

• Unlock Date:  April 30
• Tokens: 1.66 million PRIME ($35.25)
• About PRIME:

Echelon Prime (PRIME) serves as the native token of the Echelon Prime Foundation, a web3 ecosystem with a focus on advancing the next generation of gaming. PRIME token aims to enhance gaming experiences by leveraging blockchain features, aiming for frictionless and compelling utility within the web3 gaming landscape.

The tokens for this unlock will go to Parallel Studios Reserve (912.04k PRIME) and Parallel Studios Investors (750.00k tokens).

As per the Token Unlock, 24.08% of PRIME tokens (26.75 million) are still locked, 11.19% (12.43 million) are yet to be determined (TBD), 33.03% (36.70 million) of tokens are already unlocked, and 31.70% (35.23 million) are untracked.

March 2024 Token Unlocks

HashFlow (HFT)

• Unlock Date:  March 07
• Tokens: 13.62 HFT ($6.47 million)
• About HFT: 

The HFT token serves as the governance mechanism for the Hashflow protocol, facilitating staking, voting, and granting access to exclusive functionalities.

During the initial two months of 2024, Hashflow has distributed a cumulative sum exceeding 27.5 million HFT tokens, comprising 13.65 million released in January and an additional 13.85 million in February. This month’s release brings the total to 41.12 million HFT tokens.

As of writing, data from Token Unlocks indicates that 53% of HFT tokens remain locked, 44% have been unlocked, and 3% are untracked.

Aptos (APT)

• Unlock Date:  March 13
• Tokens: 24.84 APT ($298.85 million)
• About APT: 

The Aptos (APT) token serves as both a utility and governance token within its ecosystem. It acts as the native token for transaction and network fees on the Aptos network, incentivizing validator nodes and rewarding participants in Aptos projects.

This month’s release will be a cliff unlock distributing in various segments: Foundation, Community, Core Contributors, and Investors. The Foundation will receive 1.33 million APT, valued at $16.04 million. The Community segment was allocated 3.21 million APT, valued at $38.62 million. Core contributors obtained 11.88 million APT, valued at $142.86 million. Lastly, Investors were allocated 8.42 million APT, valued at $101.34 million—prices are noted as of writing.

CyberConnect (CYBER)

• Unlock Date: March 15
• Tokens: 886,120 CYBER ($8.95 million)
• About CYBER: 

CyberConnect, a decentralized social network protocol, enables developers to create equitable and transparent social applications. Its native utility and governance token, CYBER, are instrumental in acquiring CyberProfiles with premium usernames, incentivizing validator nodes, and rewarding active users participating in CyberConnect projects. 

As per Token Unlock data, only 20% of CYBER tokens have been unlocked, with the remaining 80% still locked. This month’s release will be a cliff unlock; the community treasury will receive 163.20k CYBER tokens, while the ecosystem development will have 722.92k CYBER tokens.

Arbitrum (ARB)

• Unlock Date: March 16
• Tokens: 11.1 billion ARB ($2.23 billion)
• About ARB: 

The ARB token serves as a utility token vital for transaction fees and governance decisions in the Arbitrum Network. Users can utilize ARB for transaction costs, while token holders influence governance choices, including fund allocation and Security Council elections. The Security Council manages Arbitrum’s treasury and network security. Overall, ARB facilitates transactions, empowers governance, and ensures network functionality.

The release this March will be a cliff unlock; Arbitrum’s Team, Future Team + Advisors will receive 673.50 million ARB tokens, constituting 52.82% of the circulating supply and investors will get 438.25 million ARB tokens, comprising 34.37% of the circulating supply.

As per Token Unlock, 16% of the total ARB tokens are unlocked, while 50.35% are currently locked, with an additional 34.04% to be determined (TBD). Out of the locked tokens, 15.61% remain untracked.

ApeCoin (APE)

• Unlock Date: March 17
• Tokens: 15.60 million APE ($35.73 million)
• About APE: 

APE serves as the governance token within the Bored Ape Yacht Club ecosystem, offering utility in multiple applications, including transactions involving in-game assets.

The token’s March unlock will release to various allocations to different entities within the ecosystem. Yuga Labs founder will receive 2.22 million APE tokens, while Launch Contributors will obtain 833,330 tokens. Additionally, a portion of tokens, totaling 277,780, was dedicated to charity, and launch contributors are to receive 757,580 APE tokens. Moreover, the treasury will hold the largest share, with 7.34 million APE tokens allocated to it. Lastly, Yuga Labs retained 4.17 million APE tokens.

As of writing, 38% of ApeCoin is still locked and 62% are already released into circulation as per Token Unlocks.

Manta Network (MANTA)

• Unlock Date: March 18
• Tokens: 6.67 million MANTA ($19.27 million)
• About MANTA: 

The MANTA Token is the native utility token of the Manta Network, tailored for zero-knowledge (ZK) applications. It facilitates privacy-preserving transactions in decentralized finance (DeFi), supply chain management, and identity management. Additionally, it enables the development of privacy-centric applications. 

All tokens scheduled for unlocking will be allocated to the public sale, comprising 2.66% of the circulating supply.

Token Unlock data shows that only 27% of MANTA tokens are unlocked while 73% remains locked.

Pixels (PIXEL)

• Unlock Date: March 19
• Tokens: 54.98 million PIXEL ($29.52 million)
• About PIXEL: 

The PIXEL token is a fundamental component of the Pixels ecosystem, a blockchain-based gaming universe centered on farming and exploration. The token serves multiple functions including in-game transactions, NFT minting, VIP membership, and community governance. It also incentivizes player engagement through rewards and campaigns, contributing to ecosystem growth.

This will be the first token unlock for Pixel as it was only launched last February 20. 

This will be a cliff unlock, allocating to advisors, ecosystem rewards, and the treasury. Advisors will receive 8.33 million PIXEL tokens, while 28.33 million tokens were designated for ecosystem rewards. Additionally, 17.71 million PIXEL were allocated to the treasury.

As of writing, 15.42% of PIXEL tokens are already unlocked and 84.58% are still locked.

Immutable (IMX)

• Unlock Date: March 22
• Tokens: 34.19 million IMX ($109.41 million)
• About IMX: 

The IMX token is central facilitates gas-free NFT minting and trading while ensuring security through zero-knowledge rollups. It powers web3 gaming infrastructure, offering easy integration for developers and enabling true digital ownership of in-game assets. Additionally, IMX serves as a utility token, collecting fees, rewarding contributors, and enabling governance functions within the Immutable X ecosystem.

The unlock will release tokens for private sales (8.66 million IMX), ecosystem development (15.91 million IMX), and project development (9.62 million IMX).

Yield Guild Games (YGG)

• Unlock Date: March 27
• Tokens: 16.69 million YGG ($12.04 million)
• About YGG: 

The YGG token, the native token of Yield Guild Games (YGG), enables governance participation, allowing token holders to vote on platform decisions through the YGG DAO. It is also essential for liquidity provision and yield farming, providing rewards for supplying liquidity to decentralized exchanges. Additionally, stakeholders can access exclusive content and events using YGG tokens. 

The distribution for this unlock includes allocations for the community, founders, investors, and treasury. 

Optimism (OP)

• Unlock Date: March 29
• Tokens: 24.16 million OP ($95.43 million)
• About OP: 

The OP token is governance token of the Optimism ecosystem. It empowers holders to participate in governance activities within the Optimism Collective, influencing protocol-related decisions. 

The unlock will allocate 12.75 million OP tokens to core contributors and 11.41 million OP to investors.

As per Token Unlock, 22.21% of tokens remain locked, 55.77% are locked with the status to be determined (TBD), and only 22.02% are currently unlocked.

February 2024 Token Unlocks

Acala (ACA)

• Unlock Date: February 1
• Tokens: 27.43 million ACA ($2.15)
• About ACA: 

ACA serves as the native utility token of Acala, facilitating the execution of smart contracts and empowering token holders with the ability to participate in network development through voting. Acala is a decentralized, cross-chain stablecoin and liquidity blockchain that operates within the Polkadot ecosystem.

This month will be a cliff unlock releasing 16.18 million ACA for strategic partners and 11.25 million ACA for the Acala Team. The release is 3.10% of the total circulating supply. According to Token Unlocks, 24% of ACA tokens are still locked, 38% are unlocked and another 38% are untracked.

Euler (EUL)

• Unlock Date: February 1
• Tokens: 104,460 EUL ($415,760)
• About EUL: 

Euler, a decentralized protocol enabling digital asset borrowing and lending, features its native governance token, EUL. EUL holders possess the authority to vote on network development, actively participating in shaping Euler Finance’s future decisions and direction.

According to Token Unlocks, 81% of EUL tokens are already unlocked, 19% are still locked.

Liquity (LQTY)

• Unlock Date: February 5
• Tokens: 657,350 LQTY ($854,560)
• About LQTY : 

Liquity (LQTY) is a USD-pegged stablecoin on the decentralized borrowing protocol built on Ethereum. Ether holders can draw loans in the form of LQTY, with redemption and loan issuance fees algorithmically adjusted according to the protocol’s collateral ratio.

Galxe (GAL)

• Unlock Date: February 5
• Tokens: 5.18 million GAL ($9.06 million)
• About GAL : 

Galxe, introduced on April 28, 2022, through Binance Launchpool 1, is a global web3 credential data network. It aims to establish a collaborative public credential data network, empower web3 developers to enhance products, and foster communities using credential data. 

Within the Galxe ecosystem, the GAL token plays a pivotal role, serving as the governance token, encouraging user engagement, and acting as the primary payment token.

Galxe’s token unlock distribution includes a Seed Sale of 1.77 million GAL (1.97% of the circulating supply, raising $3.10 million), Strategic Sale 1 with 973.87 thousand GAL (1.08% of circulating supply, raising $1.70 million), and Advisors and Partners holding 913.68 thousand GAL (1.02% of circulating supply, raising $1.60 million).

Hashflow (HFT)

• Unlock Date: February 7
• Tokens: 13.85 million HFT ($4.19 million)
• About : 

HFT is the governance token for the Hashflow protocol, enabling staking, voting, and access to exclusive features.

Last month, the token also unlocked 13.62 million ($5.08 million) HFT tokens through a cliff unlock, and 31.63k tokens ($11.79k) through a linear unlock.

As of writing, data from Token Unlocks indicates that 54% of HFT tokens remain locked, 43% have been unlocked, and 3% are untracked.

Aptos (APT)

• Unlock Date: February 11
• Tokens: 24.84 million APT ($217.87 million)
• About APT: 

The Aptos (APT) token, functioning as a utility and governance token, adheres to the Aptos token standard, ensuring interoperability within the ecosystem. APT serves as the native token for transaction and network fees on the Aptos network, incentivizing validator nodes and rewarding participants in Aptos projects.

Aptos operates as a Layer 1 Proof-of-Stake blockchain, utilizing the Move smart contract programming language, developed independently by Meta’s Diem blockchain engineers.

CyberConnect (CYBER)

• Unlock Date: February 14
• Tokens: 2.36 million CYBER ($16.91 million)
• About CYBER: 

CyberConnect is a decentralized social network protocol, empowers developers to construct fair and direct social applications. Its native utility and governance token, CYBER 12, plays a key role for acquiring CyberProfiles featuring premium usernames, motivating validator nodes, and rewarding users actively engaged in CyberConnect projects.
According to Token Unlocks, only 17% of CYBER tokens are unlocked and 83% are still locked.

The Sandbox (SAND)

• Unlock Date: February 14
• Tokens: 205.59 million SAND ($94.42 million)
• About SAND: 

SAND is the primary currency for all in-game transactions and interactions, obtainable through gameplay or contests within The Sandbox, and is available for purchase on exchanges like Binance. Additionally, SAND, being an ERC-20 token, allows owners to stake it and earn rewards through staking.

The Sandbox is a blockchain-based virtual world where users can create, buy, sell, and build digital assets within a gaming environment.

As per the data from Token Unlocks, SAND already unlocked 79% of its total supply while 21% is still locked.

ApeCoin (APE)

• Unlock Date: February 17
• Tokens: 15.60 million APE ($22.31 million)
• About APE: 

APE serves as the governance token within the Bored Ape Yacht Club ecosystem, offering utility in multiple applications, including transactions involving in-game assets.

As of writing, 60% of ApeCoin is still locked and 40% are already released into circulation as per Token Unlocks.

Avalanche (AVAX)

• Unlock Date: February 22
• Tokens: 9.54 million AVAX ($339.78 million)
• About AVAX : 

AVAX is the native token on the Avalanche blockchain, leveraging smart contracts to facilitate diverse blockchain projects. As a hard-capped and scarce asset, AVAX serves multiple purposes, including covering transaction fees, ensuring platform security through staking, and serving as a fundamental unit of account across the various Subnets established on Avalanche.

Token Unlocks data shows that 58% of the total supply of AVAX are still locked and 42% are already unlocked.

This article is published on BitPinas: Top 10 Crypto Token Unlocks For February 2024

Disclaimer:

• Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
• BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.