Token Unlocks to Watch Next Week: STRK, SEI and More
Token unlocking releases restricted tokens previously associated with the fundraising protocol. The project arranges these activities strategically to limit market pressure and stabilize prices.
Here are five big tokens scheduled to be unlocked next week.
StarNet (STRK)
- Unlock date: January 15
- Number of unlocked tokens: 64 million STRK
- Current circulation: 2.41 billion STRK
Starknet is building a ZK-Rollup Layer-2 solutions enhance the scalability of decentralized applications on Ethereum. Following a successful funding round, the team launched the STRK token, a key element of the decentralized network.
On January 15, the project will unlock 64 million STRK tokens, which will be distributed to investors and early contributors.
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- Unlock date: January 15
- Number of unlocked tokens: 55.56 million SEI
- Current circulation: 4.2 billion SEI
SEI is a blockchain platform designed to provide high-performance infrastructure for decentralized finance (Decentralized Finance) and other decentralized applications (dApps). built on Universe SDKSEI operates as a layer 1 blockchain with a focus on speed, scalability, and user-centric features.
On January 15, the project plans to issue more than 55 million SEI tokens to its team members.
Arbitrage (ARB)
- Unlock date: January 16
- Number of unlocked tokens: 92.65 million ARB
- Current circulation: 4.21 billion ARB
Decidedeveloped by Offchain Labs, is the leading Layer 2 solution For Ethereum. It launched in August 2021 and is backed by Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase.
next week, Decide 92.65 million ARB tokens will be unlocked, worth approximately $68 million. These tokens are distributed to teams, advisors, and investors, marking major events in the ecosystem.
APE(APE)
- Unlock date: January 17
- Number of unlocked tokens: 15.6 million ape
- Current circulation: 721.44 million coins ape
ApeCoin, the token of Yuga Labs’ Ape ecosystem, will issue more than 15 million tokens on January 17. These tokens will be owned by the treasury, founders, team and contributors.
In the past, the price of APE has dropped following large token issuances. However, with growing interest in NFTs, this price drop may not be as severe this time around. Investors and traders should keep a close eye on this event as it could have a significant impact on the coin’s price.
ONDO
- Unlock date: January 18
- Number of unlocked tokens: 1.94 billion ONDO
- Current circulation: 1.44 billion ONDO
Ondo Finance real world assets (RWA) project plans a major token unlock on January 18th. The release is worth $2.42 billion, accounting for 134.21% of its circulating supply. These tokens will be allocated to private placement participants, ecosystem development, and protocol development.
Next week’s cliff token unlocks will also include Eigen Layer (EIGEN), Ethena (ENA), and Echelon Prime (PRIME), among others, with a total value of over $2.8 billion.
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