The upcoming week shows a flurry of market activity with over $113 million worth of tokens unlocked between September 16 and 22, 2024. Major projects such as Arbitrum (ARB), Space (ID), and ApeCoin (APE) are among the tokens set to increase their circulating supply.
Arbitrum (ARB) Leads with $48 Million Unlock
ARB, one of the biggest highlights, kicks off the week on September 16. The Ethereum Layer 2 scaling solution will unlock $48.01 million worth of ARB tokens, representing 2.65% of its circulating supply. This scheduled release is going to the project team, founders, and private investors.
With only 32.71% of its supply unlocked so far, this event could capture the attention of both traders and long-term holders.
Space (ID) to Unlock 18.23% of Supply
Meanwhile, the largest percentage unlock this week comes from Space (ID), which is set to release $26.93 million worth of tokens on September 22. This is equivalent to a staggering 18.23% of its circulating supply.
These funds will be allocated to community members, foundation reserves, private investors, and marketing efforts.
ApeCoin, LISTA, and Others Set for Unlocks
Also on the radar is ApeCoin (APE), which will unlock $11.47 million worth of tokens (2.31% of its supply) on September 17. ApeCoin, a key token in the Bored Ape Yacht Club ecosystem, has consistently seen strong community interest. However, the token unlock could lead to short-term price volatility as more APE becomes available.
Lista DAO (LISTA) will release $8.44 million in tokens on September 20, representing 12.31% of its circulating supply. Other notable unlocks include Pixels (PIXEL), with $7.29 million (7.05% of supply) on September 19, and Echelon Prime (PRIME), unlocking $5.87 million (1.62% of supply) on September 17.
Finally, on September 22nd, Ethena (ENA) will unlock $3.11 million worth of tokens, equivalent to 0.78% of its circulating supply. This smaller unlock might have a less noticeable impact on the market compared to the others.
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