Four Major Token Unlocks to Watch Next Week: Aptos (APT), The Sandbox (SAND), Starknet (STRK), Arbitrum (ARB)

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.

Four major token unlocks to watch next week

As the crypto market continues to show signs of recovery, several projects are preparing for token unlocks in the second week of August. While these events can impact an asset's dynamics, they also play a crucial role in the project's development and community engagement. Here are four key token unlocks to watch next week.

Aptos (APT)

Aptos is a Layer-1 blockchain that aims to provide a secure and scalable infrastructure for decentralized applications. The project, which has faced criticism for its tokenomics, will distribute 11.31 million APT among community members, core contributors, and investors on August 12.

The Sandbox (SAND)

The Sandbox, a decentralized metaverse platform, will conduct its second token unlock for 2024 on August 14. The project will unlock 205.59 million SAND tokens, which will be distributed to the team, advisors, and company reserve. This is the last unlock for private investors.

Starknet (STRK)

Starknet, a ZK-Rollup Layer-2 solution for scaling decentralized applications on Ethereum, will unlock 64 million STRK on August 15. These tokens will be distributed to investors and early contributors.

Arbitrum (ARB)

Arbitrum, a Layer-2 solution for Ethereum, will unlock over 90 billion ARB next week, which are currently valued at approximately $53.5 million. These tokens will be distributed to the team, advisors, and investors.

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