Major tokens will open Aptos, Sandbox, Hurricane and others in February

Major Tokens Will Open Aptos, Sandbox, Hurricane And Others In February



By the end of this month, hundreds of millions of dollars worth of previously locked-up crypto tokens will flood the market – in some cases significantly increasing token supplies and potentially pressuring sales.

In the beginning Super Bowl It's Sunday. Apartments7.32% of the total token supply will be released. The amount of APT issued at that time would be approximately $224.82 million at current prices; TokenUnlocks.

Fittingly, the month's biggest token launch comes next week on Valentine's Day. That morning, the launch of the Metaverse game worth more than 96 million dollars The sandbox The native token, SAND, will be issued for the first time—equal to 9.19% of SAND's total supply.

Why are such large existing tokens entering the market now? In most cases, crypto tokens follow elaborate roadmaps that, from inception, carefully plan for a percentage of a given token's supply to be released into circulation, hoping, at the same time, to ensure token stability and long-term health.

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Tokens can be allocated for different purposes, rewards for investors, team members, or the entire ecosystem. Often token roadmaps are years or even decades long.

Normally, crypto traders keep an eye on token launches—especially those that are fairly significant—because such events greatly increase token supply and subsequently increase selling pressure, affecting prices.

Many more tokens worth tens of millions of dollars will be launched in the last three weeks of February.

On February 16 ApeCoinBored's Monkey Ecosystem coin will generate 2.6% of its total token supply – an estimated APE value of $21.84 million. As of writing, ApeCoin has so far spent about 60% of what it plans to be a billion-token offering.

By the end of the month, on February 21st, the blockchain platform was worth a whopping $363.5 million. Avalanches Native token, AVAX, will be released on the market. But given AVAX's relatively high valuation of $37.75 in writing, the CoinGecko– That piece is only a measly 2.6% of the total supply of the token.

And on February 28, the native symbol of the Ethereum layer-2 network Optimism, OP, will increase the distribution by the same 2.52%. That OP amount, at the time of writing, is worth $82.87 million.

Edited by Ryan Ozawa.

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