Millions of Crypto Token set to unlock next week (Price crash?)

Several major crypto token unlocks are scheduled for next week, potentially impacting the market as projects like Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), Starknet (STRK), Immutable (IMX), Sei (SEI), and ApeCoin (APE) prepare to release millions of dollars’ worth of tokens into circulation.

According to PANews, Aptos (APT) will initiate the week’s crypto token unlocks by releasing approximately 11.31 million tokens on May 13 at 2 a.m. UTC+8. This represents 1.82% of its circulating supply and is valued at about $67.5 million. Following that, Arbitrum (ARB) plans to unlock roughly 92.65 million tokens on May 16 at 9 p.m. UTC+8, accounting for 1.95% of its supply and estimated to be worth around $42.7 million.

Avalanche (AVAX) is set for a crypto token unlock of about 1.67 million tokens on May 17 at 8 a.m. UTC+8, representing 0.4% of its supply with an approximate value of $41.3 million. Starknet (STRK) will release around 127 million tokens on May 15 at 8 a.m. UTC+8, making up 4.09% of its circulating supply and worth roughly $23 million.

Immutable (IMX) will unlock around 24.52 million tokens on May 16 at 8 a.m. UTC+8, equivalent to 1.35% of its circulating supply, with an estimated market value of $17.9 million. Sei (SEI) plans to release about 55.56 million tokens on May 15 at 8 p.m. UTC+8, representing 1.09% of its supply and valued at approximately $14.5 million.

Finally, ApeCoin (APE) will wrap up the week’s series of crypto token unlocks by releasing around 15.6 million tokens on May 17 at 8:30 p.m. UTC+8, accounting for 1.95% of its circulating supply and valued at about $10.3 million.