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Cryptocurrency News Articles

$7.2B Worth of APT, CIRX, ARB, and Other Tokens to Be Unlocked in January

Jan 08, 2025 at 06:30 am

A crypto research platform anticipates that several cryptocurrency tokens will be unlocked within January this year with an estimated value of $7.2 billion.

$7.2B Worth of APT, CIRX, ARB, and Other Tokens to Be Unlocked in January

Cryptocurrency research platform CryptoRank has anticipated that several cryptocurrency tokens will be unlocked within January this year, with an estimated value of $7.2 billion.

The platform announced in a post on Friday that an estimated $7.2 billion worth of crypto tokens could be unlocked this January, which the digital asset sector should keep an eye on for the opportunities and risks it might bring.

In an X post, the data research and analytics platform enumerated the top 10 crypto token projects with the highest value to be unlocked this month, adding that the list includes Aptos, Circular Protocol, and Arbitrum.

Some analysts said that the crypto market would definitely “feel the heat” since the value of the virtual tokens to be unlocked is a staggering amount, adding that January might be a world month for the cryptocurrency sector with this development.

Crypto tokens such as Aptos and Arbitrum as well as other major players in the digital asset market are seen to be serious about leaving a mark in the cryptocurrency landscape, saying that its implications could bring fresh opportunities or a bearish condition.

$7.2 Billion Worth of Tokens To Be Unlocked in January 🔓

The following notable token unlocks will happen in January:$APT $111.41M

$CIRX $108.35M

$ARB $86.42M

$OP $67.29M

$RON $66.89M

$MOVE $53.35M

$UXLINK $36.73M

$IMX $35.59M

$JTO $35.04M

$STRK $32.66M

pic.twitter.com/POLP3wI3bq

— CryptoRank.io (@CryptoRank_io) January 6, 2025

According to CryptoRank, data show that Aptos is seen as a top contributor to token unlocking with an approximate value of $111 million. The crypto tokens are being eyed to be released on January 12.

As of press time, Aptos is being traded at $10.42 per token with a market capitalization of $5.8 billion.

The data analytics platform said that Circular Protocol will take the second place which will release $108 million worth of crypto tokens, saying around 28 billion CIRX tokens will enter the market on January 12.

Occupying third place, according to CryptoRank, is Arbitrum which is expected to release $86 million worth of digital coins.

Financial platform OneSafe said that unlocking of tokens happens when locked tokens are “set free into the market.”

“These tokens are typically held by project teams, early investors, or earmarked for things like development funding and marketing. When these tokens hit the market, it can shake things up by increasing the circulating supply,” the financial platform explained.

Crypto firm Keyrock cautioned on the possibility that the unlocking of crypto tokens could spark negative market responses, stating this conclusion after the company made a study of 16,000 unlocked tokens.

The company’s study revealed the negative outcomes have been influenced by the recipients, scale, anticipation, timing, and other factors, which still happened despite taking predetermined actions prior to the token unlocking.

According to the research, large token unlocking usually resulted in about 2.4x in price declines, increasing volatility.

Featured image from Certo Software, chart from TradingView

News source:bitcoinist.com

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