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Token unlocking is the issuance of previously restricted Tokens, related to capital raising agreements. Projects orchestrate these events strategically to reduce market pressure and stabilize prices.
Here are five major Token unlock events coming up next week.
Starknet (STRK)
- Unlock date: January 15
- Number of Tokens unlocked: 64 million STRK
- Current circulating supply: 2.41 billion STRK
Starknet is building a ZK-Rollup solution at Layer-2 to enhance the scalability of decentralized applications on Ethereum. After completing a successful funding round, the team launched the STRK Token, a key element in decentralizing the network.
On January 15, the project will unlock 64 million STRK Tokens, distributed to the first investors and contributors.
Sei (SEI)
- Unlock date: January 15
- Number of Tokens Unlocked: 55.56 million SEI
- Current circulating supply: 4.20 billion SEI
SEI is a blockchain platform designed to provide high-performance infrastructure for DeFi (DeFi) and other decentralized applications (dApps). Built on the Cosmos SDK, SEI operates as a Layer-1 blockchain with a strong focus on speed, scalability, and user-centricity.
On January 15, the project is expected to release more than 55 million SEI Tokens allocated to team members.
Arbitrum (ARB)
- Unlock date: January 16
- Number of Tokens Unlocked: 92.65 million ARB
- Current circulating supply: 4.21 billion ARB
Arbitrum, developed by Offchain Labs, is a leading Layer-2 solution for Ethereum. Launched in August 2021, Arbitrum has backing from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase.
Next week, Arbitrum will unlock 92.65 million ARB Tokens, worth approximately 68 million USD. These tokens are allocated to the team, advisors, and investors, marking a milestone for the ecosystem.
Apecoin (APE)
- Unlock date: January 17
- Number of Tokens Unlocked: 15.60 million APE
- Current circulating supply: 721.44 million APE
ApeCoin, the Token for Yuga Labs’ Ape ecosystem, will issue more than 15 million Tokens on January 17. These Tokens will go to the treasury, founders, team, and contributors.
In the past, APE prices have dropped after major issuances. However, with the increased interest in NFTs, this time the price drop may not be as significant. Investors and traders should monitor this event closely, as it could have a major impact on Token prices.
Ondo (ONDO)
- Unlock date: January 18
- Number of Tokens unlocked: 1.94 billion ONDO
- Current circulating supply: 1.44 billion ONDO
Ondo Finance, a real asset (RWA) project, plans a major token unlock on January 18. The issuance, valued at $2.42 billion, represents 134.21% of the circulating supply. Tokens will be allocated to participants in private sales, ecosystem growth, and protocol development.
Subsequent token unlocks next week will also include Eigen Layer (EIGEN), Ethena (ENA), and Echelon Prime (PRIME), together with a total value of more than 2.8 billion USD.
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