CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Over $200 Million Worth of Major Tokens to be Unlocked This Week: What You Need to Know

07.08.2023
A A
0
129
VIEWS
ShareShare

Crypto tokens worth upwards of $212 million are set to unlock this week. According to the latest data, five projects – Dao Maker (DAO), STEPN (GMT), Internet Computer (ICP), BitMEX (BMEX), Aptos (APT), The Sandbox (SAND), according to data compiled by DropsTab.

The token unlocks could potentially create some significant sell pressure.

Token Unlocks: Weekly Edition

The DAO Maker Token is the governance token of the DAO Maker ecosystem built on top of the Ethereum blockchain. The token unlock of 20.82 million DAO, representing 7.41% of the total supply, is scheduled for August 9th.

GMT is the native token of a WEB 3 lifestyle app called STEPN which has “Social-Fi and Game-Fi” elements. The token unlock of 87.92 million GMT, accounting for 1.47% of the total supply, is also set for August 9th.

ICP is the native utility token of layer-1 blockchain Internet Computer and is used to facilitate network governance and reward participants. It’s scheduled for an unlock of 3.31 million ICP, which is over 0.7% of the total supply, on August 11th.

ADVERTISEMENT

BMEX is a functional utility token designed for use on the crypto exchange, BitMEX. More than 18.5 million of BMEX, representing 4.12% of the total supply, will be unlocked on August 11th.

APT, the native token of a layer 1 blockchain Aptos, that uses the Proof-of-Stake (PoS) consensus mechanism, is scheduled for another unlock event on August 12th involving the release of 4.54 million APT, which is around 0.45% of the total supply.

SAND, the ERC-20 utility token built on the Ethereum blockchain and used throughout The Sandbox ecosystem, is slated to witness an unlocking event on August 14th, during which 308.46 million SAND or 10.28% of the total supply will be released.

Collectively, this week will see the unlock tokens worth over $212 million.

Pressure on Price?

Token lockup, often called a vesting period, is essentially a specific timeframe during which tokens are restricted from being traded or liquidated. The length of this interval is determined by the team’s chosen approach and can extend for multiple years in certain instances.

Hence, the release of crypto tokens usually amplifies selling pressure on the assets, influenced by both the number of unlocked tokens and their influx into cryptocurrency exchanges.

Previous unlocks, too, have demonstrated more declines amidst new tokens entering the market. All five assets have already been experiencing significant bearish pressure.

APT was the biggest loser of the five tokens, seeing its value decline by more than 8% over the past month. DAO also recorded a decline of nearly 5% during the same period, followed by SAND with a little over 4%. Other tokens, such as GMT and BMEX, also noted an underwhelming price performance and were down by 3.7% and 2.4%, respectively in the last month. ICP was the highest gainer among all, with a minor decline of 1%.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

October 3 [LIVE] US Economic Data Mixed as PMI Shows Divergence – Positive Trigger for BTC?
All news

October 3 [LIVE] US Economic Data Mixed as PMI Shows Divergence – Positive Trigger for BTC?

03.10.2025
0

US economic data released today presents a mixed picture with the September S&P Composite PMI rising to 53.9 and Services...

Read moreDetails
US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

03.10.2025
Why Is Crypto Up Today? – October 3, 2025

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Load More
Next Post
UAE signs deal to develop carbon credit system on Venom Foundation blockchain

UAE signs deal to develop carbon credit system on Venom Foundation blockchain

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Deutsche Digital Assets Lists ‘Bitcoin Macro ETP’ on Xetra Platform

Deutsche Digital Assets Lists ‘Bitcoin Macro ETP’ on Xetra Platform

1 year ago
Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

3 months ago
BIS Calls for Unified Regulatory Requirements for Stablecoin Issuers

BIS Calls for Unified Regulatory Requirements for Stablecoin Issuers

1 year ago
Worldcoin Price Prediction: South Korea’s Largest Exchange Lists WLD – Could This Trigger a Global Breakout?

Worldcoin Price Prediction: South Korea’s Largest Exchange Lists WLD – Could This Trigger a Global Breakout?

3 weeks ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

Why Is Crypto Up Today? – October 3, 2025

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Trending

Record $300B stablecoin liquidity ready to fund Bitcoin and Ethereum purchases
Analysis

Record $300B stablecoin liquidity ready to fund Bitcoin and Ethereum purchases

03.10.2025
0

The stablecoin market has crossed a landmark $300 billion capitalization, reflecting its growing role as the connective...

October 3 [LIVE] US Economic Data Mixed as PMI Shows Divergence – Positive Trigger for BTC?

October 3 [LIVE] US Economic Data Mixed as PMI Shows Divergence – Positive Trigger for BTC?

03.10.2025
Bitcoin above $120k: Here’s 3 data points bulls must watch next

Bitcoin above $120k: Here’s 3 data points bulls must watch next

03.10.2025
US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

03.10.2025
Why Is Crypto Up Today? – October 3, 2025

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz