$1.7 Billion Token Unlocks in April: Crypto Market on Edge
The crypto market anticipates a substantial influx of assets in April, with over $1.7 billion worth of tokens slated for release. Notable among these are Aptos, Axie Infinity, Arbitrum, and Ronin tokens. Token unlocks have gained traction as a strategy to gradually introduce locked assets into the market over a predefined timeframe. Proponents argue that this method aligns incentives among project investors and stakeholders. However, it frequently leads to short-term volatility and price dips. Top Token Unlocks in April CryptoRank, a leading crypto research and analytics platform, has identified the top 10 token unlock events in April. These have a cumulative value exceeding $1.7 billion, with approximately $250 million worth of these assets set for release within the first week of the upcoming month. Layer 1 network Aptos leads the charge with its planned release of 24.84 million tokens valued at roughly $418.75 million on April 12. On the other hand, Axie Infinity, the play-to-earn gaming platform, will unveil 14.8 million AXS tokens, estimated at around $167.40 million, on April 17. Top 10 Token Unlocks in April. Source: CryptorankArbitrum, Ethereum’s premier Layer 2 network, is also set for a token unlock event in April. Following its substantial release of over 1 billion ARB tokens in March, which notably influenced market dynamics, it plans to unlock an additional 92.63 million tokens valued at over $152 million on April 16. Read more: 7 Must-Have Cryptocurrencies for Your Portfolio Before the Next Bull Run Similarly, Ronin Bridge will unleash 36.81 million tokens worth $151.66 million. Layer 2 network StarkNet will also introduce 63.99 million tokens valued at $139 million. Meanwhile, Sui will also release approximately 65 million tokens worth $127 million. Decentralized exchange dYdX will unlock 33.3 million tokens valued at roughly $116.7 million. Furthermore, the Uniswap protocol, SEI, and Immutable would release $104 million worth of assets, respectively. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Oluwapelumi Adejumo is a journalist at BeInCrypto, where he reports on a broad range of topics including Bitcoin, crypto exchange-traded funds (ETFs), market trends, regulatory shifts, technological advancements in digital assets, decentralized finance (DeFi), blockchain scalability, and the tokenomics of emerging altcoins. With over three years of experience in the industry, his works have been featured in major crypto media outlets such as CryptoSlate, Coinspeaker, FXEmpire, and Bitcoin... Oluwapelumi Adejumo is a journalist at BeInCrypto, where he reports on a broad range of topics including Bitcoin, crypto exchange-traded funds (ETFs), market trends, regulatory shifts, technological advancements in digital assets, decentralized finance (DeFi), blockchain scalability, and the tokenomics of emerging altcoins. With over three years of experience in the industry, his works have been featured in major crypto media outlets such as CryptoSlate, Coinspeaker, FXEmpire, and Bitcoin... READ FULL BIO