- IMX, SAND, APT, and other major altcoins are set to unlock tokens this month.
- SAND, the native token of The Sandbox, will release tokens worth $134 million on August 14.
- The total value of the tokens scheduled to unlock is an estimated $425 million.
With August fast slipping away, major altcoins are preparing to release more tokens into circulation this August. According to data from TokenUnlocks, SAND, APT, IMX, INJ, LDO, and AVAX are some of the tokens set to unlock this August.
Likewise, DYDX, YGG, and ID tokens will also release massive amounts of unlocked tokens into public circulation. A report from Wu Blockchain estimates the total value of these tokens to unlock in August at over $425 million.
Notably, SAND, the native token of the popular web3 online gaming platform The Sandbox, is set to unlock 332.55m tokens worth $134 million on August 14. At the time of press, the token has 2.05 billion tokens unlocked, 68% of its max supply, while 949 million tokens remain locked.
The 18th largest cryptocurrency by market cap, Avalanche, will unlock tokens on August 26. The smart contracts platform will unlock 9.54 million tokens worth an estimated $120 million.
Similarly, Layer 1 blockchain platform Aptos plans to unlock 4 million APT worth $30 million on August 12. Currently, 170 million APT tokens are unlocked, and 829 million are unlocked, which is 83% of the token’s max supply.
IMX, the native token of layer 2 blockchain Immutable X, will see the release of 18 million tokens on August 12, worth $13.77m. Presently, the 1.12 billion unlocked IMX tokens make up 55% of the max supply. In addition, there are also 884 million locked IMX tokens, which make up 44% of the max supply.
Apecoin, on the hand, is set to unlock 15 million tokens worth $28 million on August 17. This new release means APE will have more tokens unlocked than locked. Currently, there are 486.29 million unlocked APE tokens and 513.71 million locked tokens.
While INJ is set to release 2.8 million tokens worth $22.59 million on August 21, LDO will unlock 8.50 tokens valued at $15.56 million. Additionally, 12.22 million YGG and 15.15 million ID tokens worth $5.72 and $3.75 million, respectively, are also scheduled to unlock in August.
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