Token

The Sandbox

Million

Avalanche

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-prepares-for-900-million-token-unlock-in-february/" data-wpel-link="internal">Crypto Market Prepares for $900 Million Token Unlock in February</a><br></p>
<p class="p1" style="text-align: justify">The crypto market is gearing up for the release of approximately $900 million worth of locked tokens this month, led by projects such as <a href="https://en.coin-turk.com/unlocking-the-potential-a-technical-analysis-of-avaxs-market-movements/" data-wpel-link="internal">Avalanche</a>, Aptos, and The Sandbox. This event, known as crypto vesting, is a process where crypto asset owners’ wallets are locked for a predetermined period before they can fully access or transfer their holdings.</p> 
<h2 class="p1" style="text-align: justify" id="events-to-mark-february">Events to Mark February</h2> 
<p class="p1" style="text-align: justify">This event is designed to prevent early investors from quickly selling off their crypto assets for profit and to encourage long-term commitment to the project while preventing departures from the job. According to the Token Unlocks data provider, approximately $900 million worth of tokens will be released in February. Some of the crypto assets to be released include Avalanche, Aptos, The Sandbox, Optimism, and Sui.</p> 
<p class="p1" style="text-align: justify">Among the projects releasing tokens, Avalanche will unlock the largest amount. On February 22nd, the proof-of-stake (PoS) blockchain project is expected to unlock 9.5 million tokens. At the time of writing, the value of these tokens was around $320 million. Token Unlocks emphasized that the crypto assets were allocated to the Avalanche Foundation, the project’s strategic partners, team members, and for an airdrop event.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-310329 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/token-unlocks-.jpg" alt="" width="936" height="724"></p> 
<h2 class="p1" style="text-align: justify" id="noteworthy-token-unlock-events">Noteworthy Token Unlock Events</h2> 
<p class="p1" style="text-align: justify">The Layer-1 blockchain network Aptos will release approximately $233 million worth of 24.8 million crypto assets on February 11th, based on current market prices. About $180 million worth of tokens will be allocated to core participants and investors, while $39 million worth of tokens will be set aside for the community and foundation.</p> 
<p class="p1" style="text-align: justify">The metaverse project The Sandbox is unlocking approximately $90 million worth of 209 million tokens. Over $40 million in tokens are allocated to company reserves, with the remainder to be unlocked on February 14th for the team and advisors. Optimism will distribute approximately $70 million worth of 24 million OP tokens to core participants and investors on February 29th. Meanwhile, Sui will unlock $53 million worth of tokens for its community access program.</p> 
<p class="p1" style="text-align: justify">As token unlocks increase the circulating supply of a token, prices can be subject to extreme volatility. However, recent token unlock events have been following a different path than the crypto market is used to. Accordingly, the rise of many crypto projects following recent events points to an important factor in this field.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-prepares-for-900-million-token-unlock-in-february/" data-wpel-link="internal">Crypto Market Prepares for $900 Million Token Unlock in February</a></h5>

Crypto Market Prepares for $900 Million Token Unlock in February

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