Over $1,2 billion in crypto will be unlocked this week, potentially triggering buying or selling pressure for the tokens involved in the unlock events.
Here are the top seven token unlocks of the week.
Top 7 Token Unlocks This Week – Over $1,2 Billion in Crypto
1. WhiteBIT Coin (WBT)
Tomorrow, May 13, almost 39,5 million WBT tokens will be unlocked, representing 12% of the total supply. So far, almost 70% of the total supply has been unlocked, according to CryptoRank data.
The unlock amount is $1,2 billion, or 27.4% of the fully diluted market cap of the token at over $9,8 billion.
Today, WBT is trading above $30, with a market cap of over $29,7 million.
2. Aptos (APT)
Today, over 11,3 million APT tokens are unlocked, or almost 1% of the total supply. So far, over 41% of the supply has been unlocked.
The unlock amount is over $68 million, representing almost 2% of the fully diluted market cap of the coin at over $6,9 billion.
At the moment of writing this article, APT is trading above $6, with a market cap of over $3,77 billion, and the digital asset is up by over 2.5% in the past 24 hours.
3. Arbitrum (ARB)
On May 16, over 92,6 million ARB tokens will be unlocked, or over 0.9% of the total supply. Almost 36% of the total token supply has been unlocked so far.
The unlock amount is more than $43 million, representing more than 1.9% of the fully diluted market cap of the token at $4,56 billion.
ARB is up by almost 1% in the past 24 hours, and the coin is trading above $0.46, with a market cap of over $421 million.
4. StarkNet (STRK)
On May 15, more than 127 million STRK tokens will be unlocked. The amount represents almost 1.3% of the total supply. So far, over 16% of the supply has been unlocked.
The unlock amount is $24 million, or a little over 4% of the fully diluted market cap of the coin at $1,88 billion.
STRK is up by more than 5% in the past 24 hours, and the coin is trading at almost $0.19, with a market cap of over $45 million.
5. Immutable (IMX)
On May 16, over 24,5 million IMX tokens will be unlocked, or over 1.2% of the total supply. More than 91% of the total IMX supply has been unlocked, according to CryptoRank data.
The unlock amount is over $17,7 million, or over 1.3% of the fully diluted market cap of the token at $1,45 billion.
Today, IMX is trading at almost $0.73 with a market cap of more than $1,32 billion.
6. ApeCoin (APE)
On May 17, over 15,3 million APE coins will be unlocked, or over 1.5% of the total supply. So far, more than 83% of the total APE supply has been unlocked.
The unlock amount is over $10,5 million, representing almost 1.9% of the fully diluted market cap of the coin at over $680 million.
APE is up by over 4% for the day, and it’s trading above $0.67, with a market cap of over $511 million.
7. BounceBit (BB)
Tomorrow, May 13, 44.7 million BB tokens will be unlocked, representing about 2% of the total supply. Over 15% of the BB supply has been unlocked so far.
The unlock amount is over $7,8 million or almost 11% of the fully diluted market cap of the token at $367 million.
BB is up by over 3% today, and the coin is trading above $0.17, having a market cap of over $91 million.
These token unlocks are important events because they can trigger volatility for the digital assets, and this week, the WBT token unlock will be the most significant.
