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    Home » February will see $800 million in openings from Avalanche, Optimism, Aptos, and more
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    February will see $800 million in openings from Avalanche, Optimism, Aptos, and more

    ZEMS BLOGBy ZEMS BLOGFebruary 4, 2024No Comments2 Mins Read
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    Next month, a number of cryptocurrency projects will unlock large amounts of tokens. Here is a breakdown of the top unlocks and airdrops for February, according to TokenUnlocks data.

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    Aptos will open approximately 25 million tokens worth $222 million at current prices on February 11, representing more than 7% of the circulating token supply. Aptos is a layer-one network, similar to the Sui network, that originated from the Facebook Libra project.

    The Sandbox will then open 205 million tokens worth $88 million at current prices on February 14, representing 9% of the token's circulating supply. The Sandbox is a metaverse platform where users can purchase customizable virtual plots of land.

    Avalanche, the first layer network that runs on Expanding to 100,000 TPS, it will open 9.5 million tokens worth $344 million at current prices on February 21. The tokens represent 2.6% of the circulating supply, and will bring the total portion of AVAX tokens to 60%.

    Finally, on February 28 (not the last day of the month, because this year is a leap year) Optimism will open 24 million tokens worth $72 million at current prices, which represents 2.5% of the circulating supply of the Ethereum L2 network.

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    Other February unlocks include $16 million worth of Cyberconnect tokens on February 13, $21 million worth of ApeCoin tokens on February 16th, $18 million worth of Manta Network and $20 million worth of Oasis Network tokens on February 18th, and $5 million worth of Space ID. On February 21st.

    Disclaimer: The Block is an independent media outlet that provides news, research and data. As of November 2023, Foresight Ventures is the majority investor in The Block. Foresight Ventures is investing in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is a core program of Foresight Ventures. The Block continues to work independently to provide objective, influential and timely information about the cryptocurrency industry. Below are our current financial disclosures.

    © 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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