$800 million in unlocks from Crypto scheduled for February.

A handful of cryptocurrency projects will release substantial amounts of tokens in the this month. Here’s a summary of the biggest airdrops and unlocks that will happen in February based on data from TokenUnlocks.

Substantial Unlocks

APTOS

APT will, on February 11, release around 25 million tokens, or more than 7% of the token’s circulation supply, valued at $222 million at the current exchange rate. Layer-1 network Aptos is comparable to Sui originated from the Libra project on Facebook.

SAND

Next, on February 14, the Sandbox will release 205 million tokens, or 9% of the token’s circulating supply, valued at $88 million at the current exchange rate. The Sandbox is a metaverse marketplace where users may purchase digital land parcels that they can customise.

AVAX (Avalanche)

On February 21. The layer-1 network, which is aiming to reach 100,000 TPS, will release 9.5 million tokens, which, at current exchange rates, are valued at $344 million. The addition of the tokens will increase the total amount of unlocked AVAX tokens to 60% and represent 2.6% of the circulating supply.

OPTIMISM

Lastly, as this year is a leap year, February 28 rather than the last day of the month optimism will release 24 million tokens, which at current prices are valued at $72 million, or 2.5% of the Ethereum L2 network tokens in circulation.

Other unlocks

Other unlocks in February include $16 million worth of Cyberconnect tokens on February 13, $21 million worth of ApeCoin tokens on February 16, $18 million worth of Manta Network and $20 million worth of Oasis Network tokens on February 18, and $5 million worth of Space on February 21.