Over $330M worth of token are scheduled to unlock in April

A total of 17 tokens unlocks are scheduled during April, set to release over $330 million worth of tokens into circulation, according to data from Token Unlocks.

The largest unlock will occur on April 15 from BitDAO (BIT), unlocking 1.951% of its total supply — worth almost $1 billion. Over 13% of the total amount will come from three projects, set to unlock on April 27.

Largest 3 unlocks

BIT, APECoin (APE), and Aptos (APT) are the most significant three unlocks expected in April. BIT will release 187,500,000.32 tokens on April 15 — worth $96 million at the time of writing.

APE will follow BIT as the second-largest unlock of the month, scheduled on April 17 — two days after BIT’s unlocking. APE will release over 15 million tokens, accounting for 1.56% of the project’s total supply — worth over $66 million. APT schedules the third most significant release of the month on April 12. The project will release 4.5 million tokens which equate to over $52 million at the time of writing.

The aggregate amount these three unlocks will release currently sits at $215,628,224 — accounting for 63.7% of the total amount expected to be released in April.

Other unlocks

The first and second projects to unlock in April are 1 inch (1INCH) and Galxe (GAL) on April 5. The projects will release 287, 142, and 416,666 tokens with a current total value of $147,589, and $725,000, respectively.

Tornado Cash (TORN) is scheduled as the third unlock of the month, taking place on April 7 and releasing $1.1 million worth of TORN tokens into circulation.

The following two unlocks — Moonbeam (GLMR) and DyDx (DYDX) — are scheduled on April 11. GLMR will release 1.27% of its total supply, equating to $4.7 million at the time of writing. Meanwhile, DYDX is expected to release over 6.5 million tokens worth over $15 million.

Euler (EUL), Sweat Economy (SWEAT), and NYM (NYM) scheduled their unlocks for April 12, April 13, and April 14, respectively. EUL’s unlock will release $420,022 worth of tokens, while SWEAT will unlock over 129 million tokens with a current value of $1.1 million. Releasing 1.25% of its total supply on April 14, NYM will add another $2.9 million worth of tokens to the market.

Axie Infinity (AXIE) is also set to release 1.9 million tokens on April 17 — accounting for 1.45% of the project’s total supply, worth $32.1 million at the time of writing. Immutable X (IMX) and Acala (ACA) will follow AXIE’s unlock with their own on April 22, and April 25, respectively. IMX is set to release over 12 million tokens, and ACA will unlock over 4 million tokens — worth $18.8 million and $447,240, respectively.

The final three unlocks of the month are scheduled on April 27 by Ronin (RON), X2Y2 (X2Y2), and Yield Guild Games (YGG). RON will unlock 4.15% of its total supply — equating to over $39.5 million. X2Y2 and YGG will release $690,700 and $4.2 million worth of tokens into circulation, respectively.