Several prominent cryptocurrencies are scheduled for substantial token unlock events this week, potentially impacting market liquidity and investor sentiment across the digital asset space.
Arbitrum (ARB) will release approximately 92.65 million tokens today, representing 1.91% of its circulating supply. The unlock carries an estimated market value of $30.2 million.
ApeCoin (APE) follows tomorrow with an unlock of around 15.6 million tokens, equivalent to 1.95% of its circulating supply. These tokens hold a market value nearing $10.36 million.
Fasttoken (FTN) will unlock approximately 20 million tokens on Wednesday, constituting 4.65% of its circulating supply. This release carries a substantial valuation of roughly $89 million.
Simultaneously on Wednesday, Sonic (S) will unlock about 47.63 million tokens, accounting for 1.65% of its circulating supply. These tokens are valued at approximately $15.72 million.
Market participants are advised to monitor these events closely for potential shifts in token dynamics and trading patterns.