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Beware of These Altcoins in January: Loaded Locked Token Opening _! - Coin Newsletter
Hundreds of millions of dollars worth of unlocks will take place this month for projects such as Injective, Optimism, and Aptos.
In total, more than $800 million in cryptocurrencies will be unlocked in the coming weeks, according to data from TokenUnlocks. $530 million of this is made up of the trio of Injective (INJ), Aptos (APT), and Optimism (OP).
In the case of Sui (SUI), one of the popular cryptocurrencies, there will be 65.2 million unlocks worth $57 million this month. This amounts to 5.92% of the circulating supply.
15.60 million tokens worth $26 million will be unlocked in ApeCoin (APE) this month. Unlocks will take place on January 17 at 03:00 CET. This amounts to 4.23% of the circulating supply.
Optimism (OP) will unlock 34 million tokens worth $132 million this month. That's 3.75% of the circulating supply.
Aptos (APT) will unlock 24.84 million tokens worth $253 million this month. This amounts to 8.0.7% of the circulating supply. All of these tokens will be unlocked on January 12 at 03:00 CET.
CyberConnect (CYBER) will unlock 1.26 million tokens worth $10 million in January. This amounts to 8.51% of the circulating supply. All of these tokens will be unlocked on January 14 at 05:00 CET.
3.4 million tokens worth $32 million will be unlocked in Axie Infinity (AXS) this month. This amounts to 2.54% of the circulating supply. The vast majority of the unlocking process will take place on January 18 at 04:00 CET.
Space ID (ID) will unlock 53.27 million tokens worth $17 million this month. This amounts to 12.37% of the circulating supply. All of these tokens will be unlocked on January 22 at 03:00 CET.
In Injective (INJ), which hosted one of the biggest unlocks in January, 3.67 million tokens worth $144 million will be unlocked. That's 4.35% of the circulating supply. The vast majority of the unlocking process will take place on January 24 at 03:00 CET.
36 million tokens worth $86 million will be unlocked on **Immutable (IMX) this month. That's 2.77% of the circulating supply.