Five Important Token Unlocks Scheduled for Today and the Upcoming Week

Token unlock events release previously restricted tokens, often tied to fundraising agreements. These events are planned carefully to manage market impact

Five Important Token Unlocks Coming Up This Week

As the cryptocurrency market continues to show signs of recovery, several tokens are set to experience significant unlocks in the coming days. These events can have a substantial impact on the price of the respective tokens in the market.

Here are five important token unlocks scheduled for today and the upcoming week.

XRP Token Unlock

Although XRP had no scheduled vesting period today or in the common weeks, it experienced a surprising token unlock today on February 2.

Data from Whale Alert showed that 400 million XRP tokens – worth around $1.13 billion – were unlocked today by Ripple. However, the entire supply of the unlocked tokens won’t enter the market.

Ripple will only use a small portion of the tokens to select activities. The remaining tokens will be locked back into custody.

However, such a major token unlock could potentially impact the XRP price in the market.

XRP is currently the third-largest cryptocurrency in the market, with a capitalization of over $160 billion. Despite a 300% rally since Trump’s election victory in November, XRP has shown some bearish signals in recent weeks.

Jito Labs (JTO) Token Unlock

Jito Labs is a leading Solana MEV (Maximum Extractable Value) infrastructure company. It develops high-performance systems to improve the Solana blockchain’s efficiency and performance.

The company offers a liquid staking solution, allowing users to stake SOL tokens and receive JitoSOL in return. The JTO token is the governance token for the Jito Network, allowing holders to participate in key decisions shaping the network’s future.

JTO has a total supply of 1 billion tokens. Currently, around 289.4 million JTO tokens are in circulation. On February 7, the network will unlock an additional 11.3 million tokens worth around $33,89 million.

According to Cryptorank data, these tokens will be distributed to the network’s core contributors and investors.

Galxe (GAL) Token Unlock

Galxe is a decentralized super app and Web3’s largest on-chain distribution platform. The platform offers various applications, including Galxe Quest, Galxe Compass, Galxe Passport, and Galxe Score, which enable user engagement and credential management.

The native utility token of the Galxe ecosystem is the GAL token, which powers transactions and serves as the gas token on the Gravity chain.

Galxe has a total supply of 200 million GAL tokens, with 70.5% token, around 127.7 million currently in circulation. On February 5, the network will unlock an additional 5.18 million GAL tokens.

The newly unlocked tokens will be distributed across the ecosystem. The lion’s share of the unlocked tokens – around 3.2 million – will go to investors or growth backers. The rest of the GAL tokens will be distributed among the community members, the project team, partners, and advisors.

TARS AI (TAI) Token Unlock

TARS AI is an AI-driven platform on the Solana blockchain that facilitates seamless Web2 to Web3 transitions with scalable solutions.

TAI has a total supply of 1 billion tokens, with 59.4% still locked. Today, February 2, an additional 2.68%—26.7 million TAI tokens—will be unlocked. The tokens will be distributed among all major stakeholders of the platform.

The largest portion will be distributed to the platform’s ‘AI to Earn’ feature. The rest will be distributed among liquidity and market makers, the project team, community airdrops, and investors.

Neutron (NTRN) Token Unlock

Neutron (NTRN) is a permissionless smart contract platform built using Tendermint and the Cosmos SDK. It enables inter-chain smart contract deployment and supports the Inter-Blockchain Communication (IBC) protocol.

This allows developers to create cross-chain applications with enhanced security and interoperability features.

NTRN has a total supply of 1 billion tokens, with only 22% currently circulating. The upcoming token unlock will see 9.96 million NTRN tokens worth around $2.38 million enter the market. These tokens will be distributed among team members, investors, and advisors.

Next week’s token unlock will also include Tribal Token (TRIBL), NEON, and Automata Network (ATA), among others. Overall, around $70 million worth of new tokens will be unlocked.