There are six token unlocks scheduled to take place between Jan. 16 and Jan. 27, with a total amount equating to $169 million, Wu Blockchain reported, citing data from Token Unlocks.
The six tokens in question are Moonbeam (GLMR), Aptos (APT), BitDAO (BIT), ApeCoin (APE), Axie Infinity (AXS), and Ronin (RON).
The first unlock is GLMR’s on Jan. 11. The project will unlock 46,182,879.41 tokens that account for 4.618% of the total token supply. The USD equivalent of the unlock will be around $15 million.
The second unlock will release 4,543,478.03 APT tokens, equating to around $16 million. The unlock is scheduled on Jan. 12 and represents 0.454% of the total supply.
The largest unlock is scheduled on Jan. 15 when 1.82% of the total BIT supply will be unlocked, releasing 187,500,000.02 tokens worth roughly $67 million.
On Jan. 17, $28 million worth of APE tokens will be unlocked. The exact number is 7,343,750, which equates to 0.734% of the total supply.
The second largest unlock will come from AXS on Jan. 23, where the project will release 4,893,759 tokens worth $31 million. The amount accounts for 1.812% of the total token supply.
Finally, on Jan. 27, 41,932,626 RON tokens will be unlocked, which equates to the smallest amount at $12 million. The tokens represent 4.293% of the total RON supply.
Weekly token performances
According to CryptoSlate data, the BIT token has the most considerable weekly increase rate amongst 2500 coins included in CryptoSlate’s data pool. The token recorded a 31.27% increase in the last seven days and a 6.41% increase over the previous 24 hours.
APT and APE have also recorded 2.99% and 7.7% increases in the last seven days and 6.97% and 6.05% spikes in the previous 24 hours, respectively.
AXS, however, is on the negatives on a seven-day basis. Even though the token is up by 6.56% in the last 24 hours, it recorded a -6.5% fall in the previous seven days.