Fasttoken and Aptos lead $653M token unlock surge this week

Fasttoken and Aptos are leading a significant token unlock event this week, totaling $653 million in newly released tokens across multiple blockchain projects. The unlock activity is expected to create immediate supply pressure on the respective token markets, with major unlocks coming from Fasttoken, Aptos, Arbitrum, Avalanche, and other platforms. According to data from Tokenomist, the unlock includes both large single releases and ongoing linear unlocks, which gradually introduce tokens into circulation over time [1].

Fasttoken tops the list of individual unlocks with 20 million FTN tokens valued at $91.80 million, representing 2.13% of the total unlock supply for the week. Aptos follows closely with 11.31 million APT tokens, worth $53.72 million, accounting for 2.25% of the unlock supply. Arbitrum is also set to release 92.65 million ARB tokens, valued at $43.91 million, impacting 2.08% of its circulating supply. Avalanche will unlock 1.67 million AVAX tokens, valued at $40.15 million [1].

Smaller but notable unlocks include Starknet's 127 million STRK tokens for $17.60 million, Sei’s 55.56 million tokens for $18.13 million, Solayer’s 27.02 million LAYEY tokens for $17.44 million, and zkSync’s 173.08 million ZK tokens for $10.31 million. Cyber will also release 5.33 million tokens worth $10.55 million [1]. These unlocks combined contribute over $300 million in market pressure across nine projects.

In the linear unlock category, Solana leads with 465,770 SOL tokens valued at $93.18 million, representing 0.09% of its circulating supply. Worldcoin is unlocking 37.23 million WLD tokens worth $40.50 million, and Bittensor is releasing 50,400 TAO tokens valued at $19.87 million. Dogecoin is also set to release 95.49 million DOGE tokens worth $22.09 million, though this represents only 0.06% of its circulating supply [1].

Smaller projects such as Redacted, Dappad, GameGPT, Boba Network, and Mar3 AI also show varying stages of token unlock progress. Redacted, with a market cap of $1.25 million, is currently at 17.02% unlock progress with the next release of 22.39 million RDAC tokens. Dappad has reached 57.35% unlock progress with 18.63 million APPA tokens scheduled for release [1].

The ongoing unlock events highlight the dynamic nature of token supply management in the blockchain industry. With over $653 million in tokens entering the market this week, investors and analysts are closely monitoring the potential impact on price volatility and liquidity across these projects.

Source: [1] Fasttoken, Aptos top weekly token unlocks at $653M (https://coinmarketcap.com/community/articles/6899b5b4f03a483a8427dbb8/)