TokenUnlocks is an on-chain and off-chain data analytics dashboard platform, which allows users to track their acquired tokens and notify them of upcoming unlock events.
Collects vesting and tokenomics data from all verifiable sources, such as directly from the smart contract, whitepapers etc.
The data is aggregated and presented to users in a clear and understandable way.
In February, according to the platform, the value of the new unlocks expected for the month of February would amount to approximately 1 billion dollars, with the participation of tokens such as SUI, Aptos (APT), The Sandbox (SAND), ApeCoin (APE) , Manta Network (MANTA), Avalanche (AVAX) and Optimism (OP).
These, like others, are all those crypto projects that, in order to obtain funding, raised capital in their initial stages in exchange for the distribution of their tokens at a favorable price.
Investors often participate in this dynamic, which coincides with a "blocking" of funds for a pre-established time called "vesting", which in turn consists of several rounds of "unblocking" usually on a monthly basis, or in new funds injected directly on the market.
The usefulness lies mainly in seeing how the market is influenced through their volumes, which can therefore create bearish or bullish pressures.
In the TOP 3, we find Avalanche in first place. On February 22, $344.17 million (9.54 million AVAX) will be released,
Aptos follows, $229.54 million (APT 24.84 million) will be released on February 11th.
In third place we find The Sandbox, on February 14th 94.42 million dollars (209.59 million SAND) will be released.
What does it mean?
In the past it has caused these tokens to fall and it is likely that the same pattern will be repeated, with a price drop of between 20% and 10% (example taken for APT in the past during the release of tokens).
Below is the complete sheet provided by WuBlockchain:
stay updated here: https://token.unlocks.app/?category=all
If you liked the article, subscribe and leave a like to not miss the next updates
Here below some links if you'd like to support me:
Freecash (earn 20/100$ each month without cash investment)
Cointiply (earn 20/100$ each month without cash investment)
