$588M worth of unlocks scheduled for February

Token unlocks are scheduled for February will release $588.4 million worth of tokens into circulation, according to data from Token Unlocks.

1inch (1INCH), Moonbeam (GLMR), Aptos (APT), ApeCoin (APE), and Tornado Cash (TORN) are among the 17 projects scheduled their unlocks throughout the month, according to Token Unlocks.

Top three largest unlocks

The Sandbox’s (SAND) unlock, scheduled for Feb. 14, will be the most valuable of the month. The project will release 12.419% of its total supply, which equates to over 372 million SAND tokens, valued at around $266 million.

BitDao (BIT) will host the second most valuable unlock of the month on Feb. 15 by releasing 187 million BIT tokens into circulation, which equates to $97 million.  Finally, APT’s unlock, expected on Feb. 12, will release $75 million worth of APT tokens into circulation, marking the third largest unlock of the month.

Other unlocks by date

First unlock of the month will come from 1INCH on the first day of the month. The project will release 64,286 tokens into circulation, priced at $32,566.

Galxe (GAL), NYM, and X2Y2 will follow 1INCH with their unlocks scheduled for Feb. 2, 3, and 4, respectively. GAL will release $436,538 worth of tokens, while NYM and X2Y2 will unlock $23 million and $5 million, respectively. X2Y2’s unlock will take place on a daily basis, releasing $109,964 worth of tokens per day.

On Feb. 6, TORN will release 175,000 tokens, valued at just above $1 million. Four days later, on Feb. 10, GLMR will add another $1.3 million into circulation by releasing 3 million tokens. GLMR will release $90,396 daily until the total unlock amount is reached.

SweatEconomy’s (SWEAT) release start  on Feb. 13, following GLMR and will release a total 129 million tokens valued at $1.9 million, by unlocking $97,116 worth of tokensper day.

dYdX (DYDX) and Euler scheduled their unlocks for Feb. 14 and 15 and are expected to release $19 million and $496,792 worth of tokens, respectively. APE’s unlock is scheduled for Feb. 17, and will release $42 million worth of APE tokens into circulation.

Acala (ACA) and ImmutableX (IMX) both scheduled their unlocks for Feb. 25 and are set to release $615,996 and $13.2 million worth of tokens, respectively. IMX’s total unlocked amount will be released partially, with $485,245 every day.

The last unlocks of the month will come from Ronin and Yield Guild Games (YGG), which are scheduled for Feb. 27. Ronin will release 4.154% of its total supply, which equates to $32.9 million, while YGG will unlock $5.1 million worth of tokens.