Aptos and Polyhedra Network Tokens Unlocking 11.31 million and 17.22 million respectively causing market volatility
1min read Aptos (APT) is preparing to release a significant number of tokens, with 11.31 million tokens set to be unlocked on March 13th at 6:00 AM. This release is valued at approximately $63.22 million, representing about 1.92% of its circulating supply. This event is part of a broader trend of major token unlocks scheduled for this week, which includes other notable cryptocurrencies such as Polyhedra Network (ZKJ), Starknet (STRK), Connex (CONX), Onyxcoin (XCN), Sei (SEI), and Arbitrum (ARB).
Polyhedra Network (ZKJ) will unlock 17.22 million tokens on March 14th at 8:00 AM, valued at around $35.48 million. This unlock represents an impressive 28.52% of its current supply, highlighting the substantial impact it could have on the market. On March 15th, Starknet (STRK) plans to unlock 64 million tokens, valued at approximately $10 million, accounting for 2.33% of its circulating supply. Connex (CONX) will also release 4.33 million tokens on the same day, with an estimated value of $73.48 million, indicating an extraordinary 376.3% of its supply. Additionally, Onyxcoin (XCN) is set to unlock 296 million tokens, with a value of $3.63 million, which corresponds to 0.9% of its circulating supply.
Sei (SEI) will contribute 55.56 million tokens valued at approximately $11.18 million on March 15th at 20:00. Arbitrum (ARB) plans a significant release of 92.65 million tokens on March 16th at 21:00, valued at about $32.60 million, making up 2.1% of its circulating supply. These large-scale token releases underscore the dynamic nature of the cryptocurrency market, where significant events can have far-reaching implications for investors and the broader ecosystem.
The upcoming token unlocks for aptos (APT) and other cryptocurrencies are expected to have a notable impact 