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Arbitrum, Aptos, and Starknet set for over $600 million token unlock this month

Token unlocks could influence market dynamics for these projects.

token unlock april 2024

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Several leading crypto projects are poised for significant token releases in April, with Aptos, Arbitrum, and Starknet at the forefront. Data from Token Unlocks indicates that these projects will experience the largest token unlocks this month.

Aptos is set to release 24.84 million APT tokens on April 12, which is about 6.2% of its circulating supply, valued at approximately $370 million. These tokens are allocated to the Aptos Foundation, core contributors, investors, and the community.

Following Aptos, Starknet will unlock 64 million STRK tokens on April 15, representing nearly 8.8% of its total circulating tokens and with an estimated value of $124 million. This release will benefit the project’s early contributors and investors.

Arbitrum’s token unlock is scheduled for April 16, with 92.69 million ARB tokens set to be released, accounting for 3.5% of the circulating supply and valued at around $135 million. These tokens are designated for the project’s team and development, and advisors.

Other notable token unlocks include Axie Infinity (AXS), Immutable (IMX), and Optimism (OP).

Axie Infinity is expected to unlock 10.87 million tokens, or 7.6% of its circulating supply, valued at about $111 million on April 17.

Immutable will release 34.19 million tokens, constituting about 2.4% of its circulating supply and worth nearly $99 million on April 19.

Lastly, Optimism will unlock 24.16 million tokens, around 2.4% of its circulating supply, with a value of approximately $77 million on April 29.

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