Three Altcoin Unlocks This Week
The crypto market is expecting to issue tokens worth about $851.3 million during the second week of August. Three major ecosystems stand out in particular: Aptos (APT), Arbitrum (ARB), and Avalanche (AVAX), which will issue significant volumes of new tokens.
These releases may cause market volatility and affect short-term price movements.
1. Aptos (APT)
- Release date: August 12
- Number of tokens: 11.31 million APT (0.97% of total supply)
- Current Circulating Supply: 672.7 million APT
- Total volume: 1.17 billion APT
Aptos is a first-layer blockchain platform. Developed by Aptos Labs, it provides scalability, security, and efficiency for decentralized applications (dApps) and Web3 ecosystems. The platform uses the Move programming language.
On August 12, the team will issue 11.31 million tokens valued at approximately $54.17 million. This volume is in line with previous issues.
Main participants will receive 3.96 million APT. The team will distribute 3.21 million tokens to the community. In addition, investors and the fund will receive 2.81 million and 1.33 million tokens, respectively.
2. Arbitrum (ARB)
- Unlock date: August 16
- Number of tokens to unlock: 92.65 million ARB (0.93% of total supply)
- Current Circulating Supply: 5.15 billion ARB
- Total volume: 10 billion ARB
Arbitrum is a layer-two scaling solution built for Ethereum (ETH). It speeds up transactions and reduces their cost while keeping the Ethereum network secure. The blockchain achieves this through “optimistic rollups,” which process transactions off-chain and send them to the Ethereum mainnet for verification.
Arbitrum will issue a new batch of 92.65 million tokens to the market on August 16. These tokens are valued at $42.85 million and represent 1.8% of the current market cap.
The team, future team, and advisors will receive 56.13 million ARB from the unlocked batch. In addition, Arbitrum will provide 36.52 million tokens to investors.
3. Avalanche (AVAX)
- Unlock date: August 15
- Number of tokens to unlock: 1.67 million AVAX (0.36% of total supply)
- Current Circulating Supply: 422.2 million AVAX
- Total Volume: 720 million AVAX
Avalanche is a fast and open layer-one blockchain platform. It uses a unique three-chain architecture to provide scalability, speed, and security.
On August 15, Avalanche will unlock 1.67 million tokens worth approximately $40.2 million. These tokens represent 0.39% of the total supply in circulation, and the entire unlocked supply will go to the foundation.
Additionally, in the second week of August, investors can expect the unlocking of Cheelee (CHEEL), Connex (CONX), and Sei (SEI) tokens.
Источник: cryptocurrency.tech
