"Crypto Market Braces for Major Token Unlocks: Berachain, Sandbox, Cheelee"

Three significant token unlocks are scheduled for the second week of February, which could potentially impact the cryptocurrency market. These unlocks include Berachain (BERA), The Sandbox (SAND), and Cheelee (CHEEL).

Berachain (BERA)

Berachain is a layer-1 blockchain that hosts an EVM-identical execution environment and a novel consensus mechanism called Proof-of-Liquidity (PoL). Its mainnet launched on February 6, with the BERA token listing on major exchanges such as Binance and Bitget. An airdrop of 79 million BERA tokens, representing 15.8% of the total 500 million token supply, was also announced.

On February 10, Berachain will unlock 12.98 million tokens. The majority of these tokens will be distributed to the "Request for Broposal" (RFB) initiative, incentivizing developers, community contributors, and liquidity providers within the Berachain ecosystem. Only 1.25 million of the unlocked BERA tokens will be allocated for social airdrop.

The Sandbox (SAND)

The Sandbox is a virtual metaverse where users can create, own, and monetize their gaming experiences using NFTs and the platform's utility token, SAND. Built on the Ethereum network, SAND is currently the second-largest metaverse token, with a market cap of over $942 million.

SAND has a total supply of 3 billion tokens, with 93% already unlocked and in circulation. On February 14, a further 205.59 million SAND tokens worth nearly $79.2 million will be unlocked. The lion's share of the unlocked tokens—96.84 million SAND—will be added to the company reserve. The rest will be distributed to the Sandbox team and advisors.

Cheelee (CHEEL)

Cheelee is a blockchain-based short video platform that integrates GameFi mechanics to reward users for engaging with content. Operating within the Attention Economy framework, it allows users to monetize their attention by watching videos and participating in platform activities.

CHEEL is the native utility