Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Here are four major token unlocks to watch next week.
ApeCoin (APE)
- Unlock date: June 17
- Number of tokens unlocked: 15,6 million
- Current circulating supply: 627,8 million APE
ApeCoin is the native token of Yuga Labs’ Ape ecosystem, which includes the popular Bored Ape Yacht Club ( collection. On June 17, the project will unlock over 15 million coins and distribute them among the treasury, founders, team, and contributors.
Typically, APE experiences a price drop following large unlocks. However, the decline may be less significant due to the renewed interest in non-fungible tokens in general and BAYC in particular.
On June 19, 54 million PIXEL tokens will be released into circulation and distributed among advisors, the project’s treasury, and ecosystem rewards.
Read more: 11 Free Games That Pay Real Money for Playing
Space ID (ID)
- Unlock date: June 22
- Number of tokens unlocked: 78.5 million ID
- Current circulating supply: 430 million ID
Space ID is a universal decentralized identity protocol that connects people, assets, and dApps across various blockchains. It allows users to use a single domain name to represent their identity across different applications and networks.
On June 22, the project will unlock over 78 million ID tokens and allocate them between the Space ID Foundation and several sale round participants.
Read more: Decentralized Identity and the Future of Web3: What To Know
Other next-week unlocks include Nym (NYM), Kadena (KDA), Euler (EUL), and Pendle (PENDLE), with a total value exceeding $170 million. Although many consider token unlocks bearish, a well-planned schedule can strengthen a project’s long-term viability. Aligned with milestones and development progress, unlocks will motivate team members, boost community engagement, and promote ecosystem growth.
