The last week of August will witness huge token unlocks for 19 altcoins. In the past weeks, Sandbox (SAND) has released a significant amount of tokens, experiencing some decline. The important dates for the coming days are as follows…
Here are the key token unlock dates scheduled for August
Sandbox (SAND) has recently launched more than 300 million SAND tokens. On August 14, the project put into circulation 332.55 million SAND worth $142.45 million. This token unlock represents 17.19% of the circulating supply. The altcoin price lost some value ahead of the event.
Before moving on to the full list, let’s mention that Avalanche will launch $124.33 million on August 26. The altcoin project will release 9.54 million AVAX on this date. In summary, it will release 2.76% of its total supply.
https://twitter.com/Token_Unlocks/status/1692793542660276406
Now, you can take note of the dates below. These 19 altcoins will launch a significant amount of tokens next week:
- Injective (INJ): $23.58 million to be released on August 21, 2023
- Algorand (ALGO): $3.24 million to be released on August 22, 2023
- Space ID (ID): $3.71 million to be released on August 22, 2023
- Bonfida (FIDA): $3.06 million to be released on August 23, 2023
- Coin98 (C98): $2.70 million to be released on August 23, 2023
- Ribbon Finance (RBN): $4.86 million to be released on August 24, 2023
- Mask Network (MASK): $1.76 million to be released on August 24, 2023
- H2O Dao (H2O): $3.48 million to be released on August 25, 2023
- Pintu Token (PTU): $1.14 million to be released on August 25, 2023
- SophiaVerse (SOPH): $1.89 million to be released on August 25, 2023
- GateToken (GT): $25.81 million to be released on August 26, 2023
- Dogechain (DC): $2.16 million to be released on August 26, 2023
- Black Stallion (BS): $1.16 million to be released on August 26, 2023
- Flow (FLOW): $6.19 million to be released on August 27, 2023
- Axelar (AXL): $9.19 million to be released on August 27, 2023
- Yield Guild Games (YGG): $2.27 million to be released on August 27, 2023
- HOPR (HOPR): $2.80 million to be released on August 27, 2023
How does token unlock affect altcoin prices?
Meanwhile, the impact of token unlock amounts on altcoin prices is complex and multifactorial. For example, AAVE unlocked 100 million DAI worth of AAVE on July 29, 2020. The altcoin price has recorded a significant downward momentum especially on this date. In addition, the SAND unlocking, which we transferred as Kriptokoin.com, had a negative effect weeks ago.
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