CryptoSphere by AsCurrency

CryptoSphere: cryptocurrency news, market analysis, blockchain trends and investments. Your essential guide to the digital economy

$1.7 Billion Token Unlocks in April: Crypto Market on Edge


The crypto market anticipates a substantial influx of assets in April, with over $1.7 billion worth of tokens slated for release. Notable among these are Aptos, Axie Infinity, Arbitrum, and Ronin tokens.

Token unlocks have gained traction as a strategy to gradually introduce locked assets into the market over a predefined timeframe. Proponents argue that this method aligns incentives among project investors and stakeholders. However, it frequently leads to short-term volatility and price dips.

Top Token Unlocks in April

CryptoRank, a leading crypto research and analytics platform, has identified the top 10 token unlock events in April. These have a cumulative value exceeding $1.7 billion, with approximately $250 million worth of these assets set for release within the first week of the upcoming month.

Layer 1 network Aptos leads the charge with its planned release of 24.84 million tokens valued at roughly $418.75 million on April 12. On the other hand, Axie Infinity, the play-to-earn gaming platform, will unveil 14.8 million AXS tokens, estimated at around $167.40 million, on April 17.

April Token Unlcoks
Top 10 Token Unlocks in April. Source: Cryptorank

Arbitrum, Ethereum’s premier Layer 2 network, is also set for a token unlock event in April. Following its substantial release of over 1 billion ARB tokens in March, which notably influenced market dynamics, it plans to unlock an additional 92.63 million tokens valued at over $152 million on April 16.

Furthermore, the Uniswap protocol, SEI, and Immutable would release $104 million worth of assets, respectively.

Top crypto platforms in the US | April 2024


Coinbase

Coinbase
Explore →

AlgosOne

AlgosOne
Explore →

Chain GPT

Chain GPT
Explore →

iTrustCapital

iTrustCapital
Explore →

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.




Conclusion

In conclusion, the crypto market is expected to see a significant influx of assets in April, with over $1.7 billion worth of tokens set for release. Token unlocks have become a popular strategy to gradually introduce locked assets into the market, although they can lead to short-term volatility and price dips. The top token unlocks in April include releases from Aptos, Axie Infinity, Arbitrum, Ronin, Uniswap protocol, SEI, and Immutable. Notable events include Aptos releasing 24.84 million tokens, Axie Infinity unveiling 14.8 million AXS tokens, and Arbitrum planning to unlock 92.63 million tokens. Investors should monitor these token unlocks and be prepared for potential market fluctuations.

  • bitcoinBitcoin (BTC) $ 66,213.00
  • ethereumEthereum (ETH) $ 3,559.24
  • bnbBNB (BNB) $ 606.66
  • solanaSolana (SOL) $ 145.33
  • xrpXRP (XRP) $ 0.484199
  • cardanoCardano (ADA) $ 0.411807
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • polkadotPolkadot (DOT) $ 6.22