The Sandbox

ApeCoin

<ul><li>Sandbox and ApeCoin are set to unlock $125 million worth of tokens, potentially swaying market dynamics with an influx of supply.</li><li>Detailed unlocks include $95 million in SAND tokens and $25 million in APE tokens, marking significant moments for their respective markets.</li><li>Anticipation builds as other gaming and NFT tokens, including Immutable&#39;s IMX and Yield Guild Games&#39; YGG, prepare for similar market entries.</li></ul>The cryptocurrency market is on the cusp of witnessing a substantial influx of tokens as key gaming and NFT projects, Sandbox and ApeCoin, are set to release a combined total of $125 million worth of tokens into circulation. This process, known as token unlocks, typically results in previously restricted tokens becoming available for trading, potentially influencing market dynamics through increased selling pressure.Scheduled for <a href="https://token.unlocks.app/the-sandbox" rel="noopener noreferrer nofollow">imminent release</a>, $95 million worth of Sandbox&#39;s SAND tokens will be unlocked on Wednesday, significantly boosting its circulating supply to nearly 90% of the total. This release constitutes 10% of SAND’s total supply, pivotal for transactions within Sandbox’s digital realms, against a backdrop of a $1 billion market capitalization.Concurrently, ApeCoin is <a href="https://token.unlocks.app/apecoin" rel="noopener noreferrer nofollow">preparing to unlock</a> nearly $25 million worth of APE tokens by Friday, augmenting its circulating supply by over 2.5%. A substantial portion of its total supply is earmarked for <a href="https://cryptotale.org/apecoin-market-braces-for-major-unlock-event-on-january-17-2024/" rel="noopener noreferrer nofollow">various stakeholders</a>, including Yuga Labs and the ApeCoin DAO.Amid these developments, SAND has seen a <a href="https://www.coingecko.com/en/coins/the-sandbox" rel="noopener noreferrer nofollow">2.6% dip</a> in value over the last 24 hours, while APE has appreciated by 2.2%, according to <a href="https://www.coingecko.com/en/" rel="noopener noreferrer nofollow">CoinGecko</a>. This variance illustrates the market&#39;s <a href="https://cryptotale.org/bitcoin-surge-and-token-unlocks-garner-attention-top-altcoins-in-red-zone/" rel="noopener noreferrer nofollow">nuanced reaction to impending unlocks</a>, which is contingent on the perceived impact on each token&#39;s supply and demand equilibrium.The broader gaming and NFT token sector is also bracing for a slew of significant token unlocks that promise to recalibrate the trading landscape. For instance, <a href="https://cryptotale.org/immutable-zkevm-mainnet-launches-in-early-access-for-web3-gaming-report/" rel="noopener noreferrer nofollow">Immutable</a> is set to commence a <a href="https://token.unlocks.app/immutable-x" rel="noopener noreferrer nofollow">28-day linear unlock</a>, distributing 1.22 million tokens daily, culminating in nearly $29.3 million worth of unlocks before February&#39;s end. Similarly, the PRIME token, associated with the Parallel game, will <a href="https://token.unlocks.app/echelon-prime" rel="noopener noreferrer nofollow">unlock 1.66 million tokens</a>, equivalent to about $16.1 million, representing just under 5% of the current circulating supply.Read full article at <a href="https://cryptotale.org/sandbox-and-apecoin-to-release-125-million-in-tokens-shaking-up-crypto-market/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Sandbox and ApeCoin to Release $125 Million in Tokens, Shaking Up Crypto Market

CryptoTale

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