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- 17 projects are preparing to unlock over $10 million worth of tokens each in April 2024.
- Aptos will record the highest unlock value in April by releasing tokens worth $409.89 million.
- DYDX will release 11.35% of its total supply on April 1, 2024.
The token unlock schedule by TokenUnlocks, a digital assets aggregation platform, shows 17 cryptocurrencies with individual token unlock values greater than $10 million in April. According to data on the platform’s website, the sum of the “large-value” unlocks will exceed $1.38 billion.
According to TokenUnlocks, large-value unlocks (unlocked value greater than $10 million) in April included DYDX ZETA SUI GAL APT CYBER STRK ARB APE AXS IMX PIXEL ID YGG AGIX OP PRIME with an unlocked value exceeding $1.38 Billion.https://t.co/tuQYnSlfTZ pic.twitter.com/9z4lGB2p5X— Wu Blockchain (@WuBlockchain) March 31, 2024
A tabulated schedule of the token unlock shows the exercise will begin on April 1 and run through the month until April 30. However, not all days of the month will register unlock activities, while there will be more than one unlock on some days.
As reproduced by Colin Wu, a prominent crypto journalist, the 17 crypto tokens scheduled for “large-value” unlocks in April include DYDX, ZETA, SUI, GAL, APT, CYBER, and STRK, with their unlocks planned to happen in the first half of April. From April 16 to 30, ARB, APE, AXS, IMX, PIXEL, ID, YGG, AGIX, OP, and PRIME will execute their unlock programs.
According to data from the Token Unlocks platform, APT will record the highest token unlock by value. The Aptos blockchain project will unlock 24.84 million APT tokens worth $409.89 million on April 12, 2024. That would represent 6.25% of the APT total supply in the cryptocurrency ecosystem.
While APT will record the highest figure in the “large-value” assessment, DYDX will lead in the supply ratio ranking among the listed tokens. By unlocking 33.33 million DYDX tokens worth $113.33 million, the decentralized exchange (DEX) native token will release 11.35% of its total supply into the crypto market.
DYDX will kick-start the token unlock program in April alongside ZETA, the utility token for ZetaChain. On April 30, PRIME, the official digital currency for Prime Worldwide, will conclude the “large-value” unlocks for April by unlocking 1.66 million tokens worth $36.23 million, representing 4.44% of its total supply.
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