April is set to be a significant month for cryptocurrency investors and enthusiasts alike, with a total of 17 token unlocks scheduled, according to data from Token Unlocks. These unlocks are set to release over $330 million worth of tokens into circulation.
The largest unlock of the month will occur on April 15 by BitDAO (BIT), which will release 187,500,000.32 tokens, worth almost $1 billion. This amounts to 1.951% of its total supply. Following BIT, APECoin (APE) is scheduled to unlock over 15 million tokens, accounting for 1.56% of the project’s total supply, worth over $66 million. Aptos (APT) follows closely behind, with the release of 4.5 million tokens, equating to over $52 million.
The aggregate amount released from these three unlocks currently sits at $215,628,224, accounting for 63.7% of the total amount expected to be released in April. The remaining tokens will be unlocked by several other projects, including 1 inch (1INCH), Galxe (GAL), Tornado Cash (TORN), Moonbeam (GLMR), DyDx (DYDX), Euler (EUL), Sweat Economy (SWEAT), NYM (NYM), Axie Infinity (AXIE), Immutable X (IMX), Acala (ACA), Ronin (RON), X2Y2 (X2Y2), and Yield Guild Games (YGG).
Investors and traders will be closely watching these token unlocks, as they have the potential to significantly impact the market. The unlocking of large amounts of tokens can lead to increased volatility, as well as the potential for price fluctuations.
It will be interesting to see how the market responds to these token unlocks and whether they will have a lasting impact on the cryptocurrency industry. Nevertheless, it is clear that April is shaping up to be an exciting month for crypto enthusiasts.
Read more:
- Massive Token Unlock In February Causes Worry For Investors: A Look At The Upcoming Unlocks
- Token Unlock Frenzy: Hedera, Gelato, GMT, YGG And More Set To Be Unlocked Next Week
- Biggest Token Unlocks In March: Opportunities And Risks For Investors