These 3 Altcoins Have Monthly Token Unlocks Coming, Be Aware

Recurring token unlocks can have a negative impact on an altcoin's price development. That's why my team and I keep you updated each month on these imminent unlocks.

This bull run feels more like a bear run to me. I’m still bullish that this final bull run leg is coming soon. Keep an eye on Q4. Once this leg of the bull run gets going, it will be crazy. But what can make a token even more bearish in this current market?

Right, those are token unlocks. They are a recurring event in the crypto world. The unlocks are like clockwork. Any project with halfway decent tokenomics should have a vesting schedule.

Some altcoins unlock schedules are daily, others are monthly, or per quarter. There are also altcoins that have a yearly unlock. So, these token unlocks can have a negative impact on an altcoins price development. In other words, you need to be aware of these token unlocks. That’s why my team and I keep you updated each month on these imminent unlocks.

1. Aptos ($APT)

So, the first altcoins unlock I’m looking at is Aptos ($APT). This unlock is on 11th September. Aptos is a layer 1 chain that uses the Move developer language. The team’s background is from Meta. There they took part in the now abandoned Diem blockchain development. Like the Sui team, which also uses this Move language for their chain.

Nonetheless, the two chains are different. Aptos is fast, cheap, and scalable. It has already built an impressive ecosystem. Currently, 181 projects are built on Aptos. DeFi, blockchain gaming, and NFTs take a big chunk of this. For example, in TVL, Aptos is the 17th-ranked chain on DeFiLlama.

Aptos accelerates ?

From technical innovations like Aptos Connect and AptosBFT v4 to broader ecosystem growth, key network metrics over the past year are ?

Full report from @blockworksres on Aptos traction and growth ahead ? https://t.co/yASzyrc8Qe

— Aptos (@Aptos) September 10, 2024

The current $APT price is $6.13. It has a market cap of almost $3 billion. Aptos ranks #30 spot, measured by market cap. The initial max and total supply were 1 billion $APT. However, there’s now an infinite supply. Currently, the total supply is 1.114 billion $APT and 486 million circulate. That is 34.6% unlocked $APT tokens.

Each month, there’s 2.33% of their market cap added. That’s 11.31 million $APT, which translates to 1.01% of the total supply. At current rates, that’s almost $72 million per month. You can observe small dips each month on the 12th, the day after the unlocks.

The monthly unlocks are as follows,

2. StarkNet ($STRK)

My next altcoins pick StarkNet. This is a Layer 2 solution on top of Ethereum. So, it offers lower fees, fast transactions, and scalability. All the things that Ethereum lacks.

StarkNet is a zk-rollup. Zk standing for zero knowledge. As you may remember, zk technology processes transactions outside of Ethereum. It batches these transactions and provides the proof to Ethereum. This reduces Ethereum’s load, and it’s also fast and cheap.

Zk technology is when you prove and verify information without showing that information. A simple sample is the ‘Where is Waldo?’ picture. You can show that you know where Waldo is, since you have his picture. However, you only show Waldo, everything else covered by a sheet, 4 times bigger that the picture. So, you don’t know where Waldo is in the picture.

StarkNet has two components.

Their next token unlock is 15th September. Each month, 63.99 million $STRK tokens unlock. That’s 0.64% of the max supply of 10 billion tokens. This equals $25.75 million per month, at the current $STRK price of 40 cents. However, according to CryptoRank, there are currently 5.46 billion tokens untracked. There’s no data on these tokens, and they can unlock at any moment.

3. Arbitrum ($ARB)

Arbitrum is another Layer 2 solution on Ethereum. It’s also one of the bigger ones. For instance, its market cap is $1 billion higher than StarkNet.

Arbitrum uses Optimistic Rollups. They work differently from zk rollups. I showed you that zk rollups use smart contracts to verify transactions with zk proof. In contrast, Optimistic Rollups consider transactions already valid. It works more like a consensus mechanism. Validators screen out malicious transactions. This kind of rollup moves computation