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17 Noteworthy Token Unlocks in April 2023

Web3 Station

Web3 Station

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17 Noteworthy Token Unlocks in April 2023

According to Token Unlocks, the largest token release in April 2023 will come from BitDAO, with nearly 1 billion BIT set to be unlocked.

Total Unlocks and Key Releases

A total of 17 token unlocks, worth over $330 million, are scheduled for April, based on Token Unlocks data. Among these, the top 3 projects account for 63.7% of the total value to be unlocked this month.

Top 3 Token Unlocks in April:

  • April 15, 2023: 187.5 million BIT - BitDAO (worth $96 million)
  • April 17, 2023: 15 million APE - ApeCoin (1.56% of total supply, worth over $66 million)
  • April 12, 2023: 4.5 million APT - Aptos (equivalent to $52 million)

Other Notable Unlocks:

  • April 5, 2023: 1inch (1INCH) will release 287,142 tokens (worth $147,589) and Galxe (GAL) will unlock 416,666 tokens (totaling $725,000)
  • April 7, 2023: Tornado Cash (TORN) will release 1.1 million tokens into circulation
  • April 11, 2023: Moonbeam (GLMR) will unlock $4.7 million worth of tokens (1.27% of total supply) and dYdX (DYDX) will release 6.5 million tokens (worth over $15 million)
  • April 12, 2023: Euler (EUL) will release an additional $420,000 worth of tokens
  • April 13, 2023: Sweat Economy (SWEAT) will unlock 129 million tokens (equivalent to $1.1 million)
  • April 14, 2023: NYM (NYM) will add 2.9 million USD worth of tokens (1.25% of total supply) to the market
  • April 17, 2023: Axie Infinity (AXIE) will release 1.9 million tokens (1.45% of total supply, worth $32.1 million)
  • April 22, 2023: ImmutableX (IMX) will unlock 12 million tokens (worth $18.8 million)
  • April 25, 2023: Acala (ACA) will unlock over 4 million tokens (equivalent to $447,240)
  • April 27, 2023: Ronin (RON), X2Y2 (X2Y2), and Yield Guild Games (YGG) will complete the month’s unlocks, with values of $39.5 million, $690,700, and $4.2 million, respectively

Previous Token Unlocks This Year:

  • 6 major token unlocks in January 2023
  • 17 notable unlocks in February 2023
  • 18 significant unlocks in March 2023

According to a report by Token Unlocks, an estimated $102 billion worth of tokens remain to be unlocked in the coming years.

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