5 Major Token Unlocks to Watch Next Week: OP, STRK, ARB, AXS, APE

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.

Optimism (OP), Starknet (STRK), Arbitrum (ARB), Axie Infinity (AXS), and ApeCoin (APE) are among the major crypto assets scheduled for token unlocks next week. These events could significantly impact the respective assets' dynamics.

Here's a closer look at these five token unlocks and what to watch for:

1. Optimism (OP)

Optimism, a Layer-2 scaling solution for Ethereum, will increase its circulating supply by 10 million OP tokens on July 15. These tokens will be used for the project's Retroactive Public Goods Funding Program, which aims to reward projects that have positively impacted the Optimism ecosystem.

2. Starknet (STRK)

Starknet, a ZK-Rollup Layer-2 solution for Ethereum, will unlock 64 million STRK tokens on July 15. These tokens will be distributed to investors and early contributors, following a successful investment round for the project's decentralized network.

3. Arbitrum (ARB)

Arbitrum, a Layer-2 scaling solution developed by Offchain Labs, will unlock over 90 billion ARB tokens next week. These tokens, currently valued at approximately $92.59 million, will be distributed to the team, advisors, and investors.

4. Axie Infinity (AXS)

Axie Infinity, a Play-to-Earn blockchain game, will unlock 2.45 million AXS tokens on July 16. These tokens will be used to distribute staking rewards, incentivizing player participation in the game's ecosystem.

5. ApeCoin (APE)

ApeCoin, the native token of Yuga Labs' Ape ecosystem, will unlock over 15 million tokens on July 17. These tokens will be distributed among the treasury, founders, team, and contributors, following a vote by the ApeCoin DAO to allocate a portion of the total supply for this purpose.

These five token unlocks, together with others scheduled for next week, will release a substantial amount of crypto assets into the market, potentially impacting their prices and liquidity. Investors and traders are advised to monitor these events closely and adjust their strategies accordingly.