5 Biggest Token Unlocks February 2024

there are around US$870 million worth of crypto assets  unlocked  in February 2024. This article discusses the five cryptocurrencies with the largest unlocks  in February 2024.

Avalanche (AVAX)

AVAX  unlocked  9.54 million AVAX tokens on February 22 2024 or 2.6% of total circulation. The unlock  value  is equivalent to US$315.26 million. These unlock  tokens are allocated to the Avalanche Foundation, strategic partners, teams, and airdrops .
The previous unlock occurred on November 24, 2023 with the same number of tokens and allocation distribution. After unlocking , the price of AVAX decreased -9% from US$21.46 to US$19.53 in four days.

Apts (APT)

APT  unlocked  24.84 million APT tokens on February 11 2024 or 7.37% of total circulation. This unlock  value  is equivalent to US$229.05 million. These unlock  tokens are allocated to  the Aptos  Foundation and community as in regular monthly unlocks  , as well as contributors and investors.
The previous unlock occurred on January 12, 2024 with the same number of tokens and allocation distribution. APT price decreased -14% from US$9.94 to US$8.55 the day after unlock .

The Sandbox (SAND)

SAND  unlocked  205.59 million SAND tokens on February 14 2024 or 9.19% of total circulation. This unlock  value  is equivalent to US$93.72 million. These unlock  tokens are allocated to the team, advisors and company reserves .
The previous unlock occurred on August 14 2023 with a larger number of tokens and the same allocation distribution plus a strategic sale . The price of SAND decreased -25.2% from US$0.397 to US$0.297 three days after unlocking .

Manta Network (MANTA)

MANTA  unlocked  6.67 million MANTA tokens on February 18 2024 or 2.66% of total circulation. The unlock  value  is equivalent to US$24.13 million. This unlock  token is allocated for  public sale .
February 18 2024 will be the first time Manta Network will unlock tokens outside of an airdrop . MANTA tokens were given via airdrop on January 18 2024 with 251 million tokens (25.1% of the maximum supply ) released into circulation.

ApeCoin (APE)

APE  unlocked  15.6 million APE tokens on February 17 2024 or 2.58% of total circulation. The unlock  value  is equivalent to US$22 million. This unlock  token is allocated to the Yuga Labs  founder , launch contributor , charity program,  treasury , and the Yuga Labs Foundation.
The previous unlock occurred on January 17, 2024 with the same number of tokens and allocation distribution. APE price experienced a -21% decrease from US$1,657 to US$1,311 two days after unlocking .

About Unlock Tokens

Unlock tokens in the crypto world usually refer to the process where tokens that were previously locked, blocked, or restricted in circulation are re-opened and distributed. The impact of unlocking this token will generally affect the price and liquidity of the token, which will give rise to market speculation.