The cryptocurrency market is facing a wave of altcoin unlocks in the coming weeks, with many projects scheduled to issue significant amounts of tokens to investors, founders and team members.
Here are some altcoin key openings to watch this week.
Moonbeam (GLMR)
Unlock amount: $4.7 million (1.3%)
Date 11 April 2023
Time: 03:00
dYdX (DYDX)
Unlock amount: $15.7 million (0.7%)
Date 11 April 2023
Time: 06:20
Aptos (APT)
Unlock amount: $49.4 million (0.5%)
Date 12 April 2023
Time: 03:00
Euler
Unlock amount: $420.0k (0.4%)
Date 12 April 2023
Time: 08:38
Sweatcoin (SWEAT)
Unlock amount: $1.2 million (0.6%)
Date 13 April 2023
Time: 03:00
Galx (GAL)
Unlock amount: $365.4k (0.1%)
Date 13 April 2023
Time: 15:00
Nym (NYM)
Unlock amount: $2.9 million (1.3%)
Date 14 April 2023
Time: 03:00
BitDAO (BIT)
Unlock amount: $96.8 million (2.0%)
Date 15 April 2023
Time: 03:00
ApeCoin (APE)
Unlock amount: $65.4 million (1.6%)
Date 17 April 2023
Time: 03:00
Token unlocks are events where previously locked or earned tokens become available for transfer or sale by their holders.
These are usually where a certain percentage of the tokens come from investors, founders, team members, advisors, etc. It is part of the token distribution plan of a project where it is distributed to different parties such as These tokens are usually locked for a certain period of time in order to align the incentives of the project participants with the long-term success of the project.
*Not investment advice.