$588M worth of unlocks scheduled for February $588M worth of unlocks scheduled for February
17 projects, including 1inch, Tornado Cash, Moonbeam, ApeCoin and Aptos will unlock a portion of their tokens throughout the month.
2 min read
Updated: Feb. 1, 2023 at 9:29 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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.
Mentioned in this article
The Sandbox 
1inch 
Galxe 
Tornado Cash 
Moonbeam 
Aptos 
Sweat Economy 
dYdX (Native) 
BitDAO 
ApeCoin 
Acala Token 
Immutable 
Yield Guild Games Posted In: Tokens
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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In this article
The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using the platform’s utility token SAND.
1inch
$0.39223
1inch is a decentralized exchange (DEX) aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXes.
Galxe
$1.91744
Galxe (previously Project Galaxy) is a leading Web3 credential data network and was launched on April 28, 2022, on Binance Launchpool.
Tornado Cash
$9.08062
Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum.
Moonbeam
$0.24599
Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot.
Aptos
$8.85769
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
Sweat Economy
$0.00738
Sweatcoin is a highly popular mobile fitness app that was first launched in 2016.
dYdX (Native)
$1.47723
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
BitDAO
$1.17178
BitDAO is a decentralized autonomous organization that wants to level the playing field for every person in the world by building a decentralized token economy.
ApeCoin
$1.18158
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
Acala Token
$0.08786
Acala is an all-in-one decentralized finance network offering a blockchain platform.
Immutable
$1.33826
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum.
Yield Guild Games
$0.50226
Yield Guild Games (YGGs) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs).
