Major Token Unlocks Ahead APT, RENDER, and STRK Release $111 Million This Week

Major Token Unlocks Ahead: APT, RENDER, and STRK Release $111 Million This Week

Date: Mon, Sept 09, 2024, 06:22 PM GMT

This week, the cryptocurrency market is bracing for a significant event as over $111 million worth of tokens are set to be unlocked. According to data from Token Unlocks, several major tokens, including Aptos (APT), Render (RENDER), and Starknet (STRK), are scheduled for large-scale releases in the next seven days. These token unlocks could potentially impact the prices and volatility of the respective cryptocurrencies.

Here’s a breakdown of the scheduled token unlocks and their potential market impact:

token unlocks data
Source: Token Unlock
  1. Aptos (APT)
    • Percentage of Circulating Supply: 2.32%
    • Value: $66.05 million
      Aptos, a highly anticipated blockchain project, will see a significant unlock of $66.05 million worth of tokens, representing 2.32% of its circulating supply. This release could lead to increased liquidity in the market, potentially affecting APT’s price.
  2. Starknet (STRK)
    • Percentage of Circulating Supply: 3.60%
    • Value: $25.07 million
      Starknet, known for its scaling solutions on the Ethereum network, will unlock $25.07 million worth of tokens, constituting 3.60% of its circulating supply. The influx of these tokens could influence STRK’s market performance in the coming days.
  3. Render (RENDER)
    • Percentage of Circulating Supply: 0.19%
    • Value: $3.58 million
      Render, a project focusing on decentralized GPU rendering, will unlock $3.58 million worth of tokens, a smaller percentage of its circulating supply at 0.19%. While the impact might be less pronounced, it’s still a noteworthy event for RENDER holders.

Additionally, other tokens such as IO, ENA, and CYBER are also scheduled for unlocks, with values ranging from $2.78 million to $3.20 million. These token releases, though smaller in scale, contribute to the overall market dynamics and could create short-term fluctuations.

As these unlocks take place, traders and investors should keep an eye on how these tokens perform. Historically, large-scale token unlocks can lead to increased volatility as unlocked tokens are potentially sold or redistributed in the market. Whether these tokens will see a price dip or rally remains to be seen, but it’s crucial for market participants to stay informed and prepared.

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