Will April’s $1.7 Billion Token Crash The Crypto Market?

$1.7 Billion Token Unlocks in April: Crypto Market on Edge


The crypto market is expecting a huge influx of assets with more than $1.7 billion worth of tokens scheduled to be released in April. Aptos, Axi Infinity, Arbitrum and Ronin Token are among them.

Token unlocks have gained a lot of interest as a strategy to gradually introduce locked assets to the market over a predetermined time frame. Proponents argue that this mechanism aligns incentives between project investors and stakeholders. However, it often leads to short-term volatility and price declines.

Top token opens in April.

CryptoRank, a leading crypto research and analysis platform, has identified the top 10 token launch events in April. These have a combined value of more than $1.7 billion, with an estimated $250 million of these assets set to be released in the first week of next month.

Layer 1 network Aptos is leading the charge with plans to release 24.84 million tokens worth approximately $418.75 million on April 12. Around $167.40 million, as of April 17.

Betfury
Top 10 tokens will be released in April. Source: Cryptorank

Arbitrum, Ethereum's premier Layer 2 network, is also slated to launch in April. Following the release of more than 1 billion ARB tokens in March, which was particularly affected by market volatility, it plans to launch an additional 92.63 million tokens worth more than $152 million on April 16.

Read more: 7 must-have cryptocurrencies for your portfolio before the next bull run

At the same time, Ronin Bridge will issue 36.81 million tokens worth $151.66 million. Layer 2 network StarkNet will introduce tokens worth $63.99 million. Meanwhile, Sui will release 65 million tokens worth around $127 million. Decentralized exchange dYdX will unlock 33.3 million tokens worth approximately $116.7 million.

In addition, Uniswap Protocol SEI and Immutable will release assets worth $104 million, respectively.

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