The cryptocurrency market should brace for token unlocks valued at over $742 million between February 10 and February 17, with Connex (CONX) leading the cliff unlocks.
According to data from Tokenomist, CONX plans to release tokens worth $88.06 million. Solana (SOL) continues to lead linear unlocks with tokens valued at $93.05 million.
Connex leads large cliff unlocks
CONX leads cliff unlocks with an unlock of 4.33 million tokens worth $88.06 million. This unlock will add 376.30% to its circulating supply. The Sand Protocol (SAND) follows with 205.59 million tokens valued at $79.34 million. Aptos (APT) will release 11.31 million tokens worth $64.35 million. However, this is just 1.97% of the circulating supply.
In the mid-cap protocols section, Berachain (BERA) will release 12.98 million tokens valued at $62.82 million. Secondly, Arbitrum (ARB) scheduled 92.65 million tokens worth $40.57 million, adding 2.13% to circulation. Avalanche (AVAX) and ZKJ Protocol (ZKJ) follow with unlocks valued at $40.65 million and $34.96 million, respectively.
Next, Athletic Guild (ATH) will release 630 million tokens worth $23.21 million, and Strike Protocol (STRK) will release 64 million tokens valued at $14.84 million. Also, SEI Network (SEI) will release 55.56 million tokens worth $12.06 million. The schedule rounds out with Cyber Protocol (CYBER) and Chain Network (XCN) unlocks valued at $8.58 million and $7.10 million, respectively.
Solana stands as the leading coin in linear unlocks
SOL has scheduled 465,770 tokens worth $93.05 million for release. However, this is just 0.10% of its circulating supply. Worldcoin (WLD) follows with 37.23 million tokens valued at $44.30 million, adding 3.92% to its supply. Dogecoin (DOGE) is unlocking 95.52 million tokens worth $23.31 million, impacting 0.07% of supply.
TIA Protocol (TIA) will unlock 6.99 million tokens. This unlock is worth around $21.37 million. TAO Protocol (TAO) has scheduled an unlock of 50,400 tokens worth $18.17 million. Additionally, Avalanche (AVAX) plans to release 700,000 tokens.
Sui (SUI) prepares to release 3.72 million tokens worth $11.46 million, Polkadot (DOT) scheduled the release of 2.30 million tokens valued at $10.73 million, and NEAR Protocol (NEAR) plans to unlock 2.97 million tokens worth $9.19 million. Jito (JTO) and Ethereum Name Service (ENS) will complete the linear unlocks with releases valued at $10.34 million and $7.51 million respectively.
Less popular token unlocks
According to CoinMarketCap data, smaller market capitalization projects like LitLab Games (LITT) prepare to release 50.78 million tokens worth $6,592. The project has shown 57.76% completion in its unlock schedule.
Source: CoinMarketCap
Ordibank (ORBK) will unlock 28.04 million tokens, valued at $7,849, adding 2.80% to the locked supply. The protocol has completed 44.87% of its total token distribution. IVPAY Protocol (IVPAY) follows with 29.86 million tokens worth $58,651.
Gods Unchained (GODS) and Magic Square (SQR) round out the smaller unlocks, with GODS releasing 6.28 million tokens valued at $959,057 (1.26% of locked tokens) and SQR unlocking 28.03 million tokens worth $395,780 (2.80% of locked supply).
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