Major Token Unlocks: February's Second Week
Major Token Unlocks Scheduled for the Second Week of February
Token unlocks, where previously restricted tokens are released into the market, can significantly influence cryptocurrency prices. Understanding these events is crucial for informed investment decisions. This week sees several notable unlocks.
1. Berachain (BERA)
- Unlock Date: February 10
- Tokens Unlocked: 12.98 million BERA
- Current Circulating Supply: 107.48 million BERA
Berachain, a layer-1 blockchain with an EVM-compatible environment and Proof-of-Liquidity (PoL) consensus, recently launched its mainnet. The majority of the unlocked BERA tokens will support the Request for Broposal (RFB) initiative, incentivizing developers and community contributors. A smaller portion is allocated for a social airdrop.
2. The Sandbox (SAND)
- Unlock Date: February 14
- Tokens Unlocked: 205.59 million SAND
- Current Circulating Supply: 2.45 billion SAND
The Sandbox, a prominent metaverse platform, will unlock a substantial number of SAND tokens. Most will be added to company reserves, with the remainder distributed to the team and advisors. This unlock represents a relatively small percentage of the total supply, given that 93% of SAND is already circulating.
3. Cheelee (CHEEL)
- Unlock Date: February 10
- Tokens Unlocked: 2.67 million CHEEL
- Current Circulating Supply: 56.8 million CHEEL
Cheelee, a short-video platform utilizing GameFi mechanics, will unlock a portion of its CHEEL tokens. The majority will be added to liquidity pools, with a smaller amount dedicated to community airdrops. Note that circulating supply figures for CHEEL vary across different data platforms.
Other notable unlocks this week include XAI, MOCA, and SWEAT. In total, nearly $200 million worth of tokens are scheduled for release.
Disclaimer: Codeum provides smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies to ensure the safety and security of blockchain projects. This information is for educational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.