$160M token unlock: SAND, ARB, APE set to flood crypto market

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August sees a flurry of Token Unlock events, with major projects like Sandbox, Arbitrum, and Apecoin set to release tokens.

This week, several notable projects are scheduled to release additional tokens into circulation, adding to the billions of dollars worth of assets expected to enter the market.According to recent data on Token Unlock, approximately 14 projects are scheduled to release some tokens into circulation.is set to experience one of the largest token unlocks of the week, with 205.59 million SAND scheduled for release.

These tokens have a press time market value of approximately $53.28 million. This unlock represented 9% of the circulating supply, which is a significant proportion. The allocation of the unlocked tokens will be divided among the company reserve, the team, and advisors, with nearly half going to the company reserve.is also scheduled for one of the week’s largest token unlocks, with 96 million ARB set to be released, representing 2.87% of its circulating supply.

The value of the upcoming unlock is approximately $54 million. These tokens will be distributed between the team and investors, with the team receiving over half of the unlock.will unlock approximately 15.60 million APE, valued at $9.24 million, this week. These tokens accounted for 2.31% of Apecoin’s circulating supply.

The unlocked tokens are designated for the treasury, Yuga Labs, and the founders of Yuga Labs. As of this writing, APE was trading around $0.59, reflecting an increase of over 2%., approximately 8.3 million UNI tokens, valued at $49.61 million, will be released. These tokens represented 0.83% of Uniswap’s circulating supply., around 5.2 million WLD tokens, valued at $8.15 million, will be unlocked, accounting for 0.05% of its total circulating supply.

 

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