Token unlock refers to the release of tokens that were previously held back according to fundraising terms. This process is carefully planned by projects to prevent negative effects on the market and avoid a decrease in token prices.
Here are three significant token unlocks to watch out for in the upcoming week:
Aptos (APT)
Aptos, a Layer-1 blockchain, is designed to offer a secure and scalable framework for decentralized applications. Despite its success, the project has faced criticism for its tokenomics, which heavily rely on venture capital. On November 11, Aptos will release 11.31 million APT tokens to the community, core contributors, and investors.
Starknet (STRK)
Starknet is working on a ZK-Rollup Layer-2 solution to enhance the scalability of decentralized applications on Ethereum. Following a successful investment round, the project introduced the STRK token, crucial for decentralizing the network. On November 15, Starknet will unlock 64 million STRK tokens for investors and early contributors.
Arbitrum (ARB)
Arbitrum, developed by Offchain Labs, is a popular Layer-2 solution for Ethereum. The mainnet was launched in August 2021 with funding from various investors. Next week, Arbitrum will unlock 92.65 million ARB tokens, valued at around $59.63 million, for the team, advisors, and investors.
In addition to these projects, other token unlocks scheduled for next week include Cheelee (CHEEL), Ethena (ENA), and Apecoin (APE), with a total value exceeding $480 million.
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