Over $330M worth of token are scheduled to unlock in April Over $330M worth of token are scheduled to unlock in April
BitDAO’s unlock scheduled on April 15 will be the largest one of the month — releasing almost $1 billion worth of tokens.
2 min read
Updated: Apr. 3, 2023 at 10:21 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
A total of 17 tokens unlocks are scheduled during April, set to release over $330 million worth of tokens into circulation, according to data from Token Unlocks.
The largest unlock will occur on April 15 from BitDAO (BIT), unlocking 1.951% of its total supply — worth almost $1 billion. Over 13% of the total amount will come from three projects, set to unlock on April 27.
Largest 3 unlocks
BIT, APECoin (APE), and Aptos (APT) are the most significant three unlocks expected in April. BIT will release 187,500,000.32 tokens on April 15 — worth $96 million at the time of writing.
APE will follow BIT as the second-largest unlock of the month, scheduled on April 17 — two days after BIT’s unlocking. APE will release over 15 million tokens, accounting for 1.56% of the project’s total supply — worth over $66 million. APT schedules the third most significant release of the month on April 12. The project will release 4.5 million tokens which equate to over $52 million at the time of writing.
The aggregate amount these three unlocks will release currently sits at $215,628,224 — accounting for 63.7% of the total amount expected to be released in April.
Other unlocks
The first and second projects to unlock in April are 1 inch (1INCH) and Galxe (GAL) on April 5. The projects will release 287, 142, and 416,666 tokens with a current total value of $147,589, and $725,000, respectively.
Tornado Cash (TORN) is scheduled as the third unlock of the month, taking place on April 7 and releasing $1.1 million worth of TORN tokens into circulation.
The following two unlocks — Moonbeam (GLMR) and DyDx (DYDX) — are scheduled on April 11. GLMR will release 1.27% of its total supply, equating to $4.7 million at the time of writing. Meanwhile, DYDX is expected to release over 6.5 million tokens worth over $15 million.
Euler (EUL), Sweat Economy (SWEAT), and NYM (NYM) scheduled their unlocks for April 12, April 13, and April 14, respectively. EUL’s unlock will release $420,022 worth of tokens, while SWEAT will unlock over 129 million tokens with a current value of $1.1 million. Releasing 1.25% of its total supply on April 14, NYM will add another $2.9 million worth of tokens to the market.
Axie Infinity (AXIE) is also set to release 1.9 million tokens on April 17 — accounting for 1.45% of the project’s total supply, worth $32.1 million at the time of writing. Immutable X (IMX) and Acala (ACA) will follow AXIE’s unlock with their own on April 22, and April 25, respectively. IMX is set to release over 12 million tokens, and ACA will unlock over 4 million tokens — worth $18.8 million and $447,240, respectively.
The final three unlocks of the month are scheduled on April 27 by Ronin (RON), X2Y2 (X2Y2), and Yield Guild Games (YGG). RON will unlock 4.15% of its total supply — equating to over $39.5 million. X2Y2 and YGG will release $690,700 and $4.2 million worth of tokens into circulation, respectively.
Mentioned in this article
BitDAO 
ApeCoin 
Aptos 
1inch 
Galxe 
Tornado Cash 
Moonbeam 
dYdX (Native) 
Euler 
Sweat Economy 
NYM 
Axie Infinity 
Immutable 
Acala Token 
Ronin 
Yield Guild Games 
X2Y2 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
BitDAO
$1.14616
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
$1.24014
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.
Aptos
$9.31198
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
1inch
$0.40114
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
$3.38462
Galxe (previously Project Galaxy) is a leading Web3 credential data network and was launched on April 28, 2022, on Binance Launchpool.
Tornado Cash
$2.27955
Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum.
Moonbeam
$0.30033
Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot.
dYdX (Native)
$2.18993
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
Euler
$4.51732
Euler is a capital-efficient permissionless lending protocol that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third party.
Sweat Economy
$0.00882
Sweatcoin is a highly popular mobile fitness app that was first launched in 2016.
NYM
$0.18241
Nym is the next generation of privacy, engineered by some of the world’s leading research scientists and developers at world-class universities Massachusetts Institute of Technology, KU Leuven and University College London.
Axie Infinity
$6.95750
Axie Infinity is a game about collecting and raising fantasy creatures called Axie, on Ethereum platform.
Immutable
$1.96829
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum.
Acala Token
$0.10802
Acala is an all-in-one decentralized finance network offering a blockchain platform.
Yield Guild Games
$0.81203
Yield Guild Games (YGGs) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs).
X2Y2
X2Y2 is an NFT marketplace on Ethereum, with 100% revenue shared with X2Y2 token stakers.
