The cryptocurrency market is set to release nearly $230 million in vested tokens this week, raising concerns of further market instability.
After a turbulent week with significant price drops, this substantial release could exacerbate selling pressure.
According to TokenUnlocks, 14 cryptocurrencies will see major unlocks this week, totaling $229.77 million. The impact will be particularly pronounced for three major coins, which together account for $174.96 million of this sum.
The Sandbox (SAND) will unlock 205.59 million tokens valued at $54.96 million on August 14. This significant release represents 9% of its market value, likely leading to increased market dilution.
Aptos (APT) will release 11.31 million tokens worth $66.95 million on August 12, increasing its supply by 2.4%. This unlock is part of Aptos’s regular monthly schedule, contributing to high inflation rates.
Arbitrum (ARB) will unlock tokens worth $53.05 million on August 16, resulting in a 2.8% monthly inflation. The value of these tokens has decreased over recent months, reflecting a trend of reduced worth.
These upcoming unlocks are expected to heighten volatility and could lead to further declines in the prices of APT, SAND, and ARB.
