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Nearly $1B Worth of Tokens Set to Unlock in February: Key Dates and Projects

Published 01/02/2024, 13:07
Updated 01/02/2024, 13:15
Nearly $1B Worth of Tokens Set to Unlock in February: Key Dates and Projects

Coin Edition -

  • APT’s unlock might not affect the price, but a bearish move to $8.20 seemed likely.

  • IMX dropped from the ascending channel, while SUI might give higher returns.

  • SEI bulls have been quiet, and it was the same for ROSE.

According to Alex Wacy, a DeFi research specialist, many projects will undergo token unlocking this February. For the unaccustomed, token unlocks refer to the release of previously restricted tokens into circulation.

One of the reasons for the activity is to ensure that supply meets demand for a cryptocurrency. A look at the unlocks showed that about $1 billion worth of different tokens would be released into circulation.

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