3 Token Unlocks to Watch Next Week
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Here are three major unlocks to watch next week.
Arbitrum (ARB)- Unlock date: September 16
- Number of tokens unlocked: 92.65 million ARB
- Current circulating supply: 3.49 billion ARB
Arbitrum, developed by Offchain Labs, is one of the most popular Layer-2 solutions for Ethereum. The mainnet launched in August 2021, with investments from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, entrepreneur Mark Cuban, and cryptocurrency exchange Coinbase.
Next week, Arbitrum will unlock over 90 billion ARB, currently valued at approximately $49.87 million. The team, advisors, and investors will receive these tokens.
Read more: How to Buy Arbitrum (ARB) and Everything You Need to Know
ARB Unlock. Source: token.unlocks
ApeCoin (APE)
- Unlock date: September 17
- Number of tokens unlocked: 15.60 million APE
- Current circulating supply: 674.64 million APE
ApeCoin is the native token of Yuga Labs’ Ape ecosystem, which includes the popular Bored Ape Yacht Club (BAYC) NFT collection. On September 17, the project will unlock over 15 million tokens and distribute them among the treasury, founders, team, and contributors.
Typically, APE experiences a price drop following large unlocks. Investors and traders should pay attention to this event, as it could seriously impact the token’s dynamics.
Read more: Bored Ape Yacht Club Explained: What Is BAYC?
APE Unlock. Source: token.unlocks
Space ID (ID)
- Unlock date: September 22
- Number of tokens unlocked: 78.49 million ID
- Current circulating supply: 430.50 million ID
Space ID is a universal decentralized identity protocol that connects people, assets, and dApps across various blockchains. It allows users to use a single domain name to represent their identity across different applications and networks.
On August 22, the project will unlock almost 80 million ID tokens and allocate them between the Space ID Foundation, ecosystem fund, team, advisors, community, and several sale rounds participants.
Read more: Decentralized Identity and the Future of Web3: What To Know
ID Unlock. Source: token.unlocks
Other next-week cliff unlocks include Echelon Prime (PRIME), Pixel (PIXEL), Lista DAO (LISTA), and Astar Network (ASTR), with a total value exceeding $116 million. While many see token unlocks as bearish, a well-structured schedule can actually support a project’s long-term success. Tied to key milestones and development, unlocks can motivate the team, engage the community, and drive ecosystem growth.
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