"Altcoin Sell-off Looms: SAND, APT, BERA Unlocks

The cryptocurrency market has witnessed a modest rebound, but some altcoins are struggling to maintain momentum. Analysts have raised concerns about the long-term prospects of certain tokens, including SAND, APT, BERA, and ARB, which could face prolonged price declines. Market volatility remains high due to increased circulating token supply.

Upcoming token unlocks may lead to significant selling pressure, with over $742 million worth of tokens set to be released between February 10 and 17. Notable unlocks include CONX, SAND, APT, BERA, and ARB, with individual values surpassing $5 million. The largest unlock is ARB, which will release 92.65 million tokens worth $40.57 million, representing 12.13% of its circulating supply. Meanwhile, SAND will see a 205.59 million token release worth $79.34 million, making up 8.41% of its supply. BERA, APT, and CONX will also experience substantial unlocks.

The Sandbox (SAND) is a blockchain-based virtual world that allows users to create, build, and exchange digital assets in a gaming environment. Despite a recent 10% surge, SAND has declined 10% over the past week. A scheduled unlock of 205.59 million tokens worth $79.34 million could impact the market, positioning SAND as an altcoin to sell with potential selling pressure ahead.

Berachain (BERA) is changing Layer-1 economics with its Proof-of-Liquidity (PoL) mechanism, creating an efficient marketplace for validators, users, and applications. BERA is currently trading at $5.31, gaining 5.43% in the past 24 hours. A scheduled token release will introduce 12.98 million BERA tokens, valued at approximately $62.82 million. With a market cap of $570.82 million, BERA is under watch for potential volatility.

Aptos (APT) is a Layer 1 Proof-of-Stake (PoS) blockchain that utilizes the Move programming language initially developed by Meta’s former Diem engineers. The APT price is $6.19 and is set to release 11.31 million A