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.
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