April Will See Close to $658.1M Worth of Token Unlocks Impacting Major Projects

To be released between April 7 and April 18, these unlocks can lead to increased volatility and create unique trading opportunities.

April will see a total of 14 cryptocurrency tokens get unlocked, impacting major projects and potentially affecting their price performance.

Five projects in particular – Solana (SOL), Saga (SAGA), Aptos (APT), deBridge (DBR), and Official Trump (TRUMP) – will be making headlines with their token unlocks.

Which Cryptocurrencies Are Facing Major Token Unlocks in April?

Solana (SOL) will be releasing 636,985 SOL, valued at $80.49 million, over the course of four days, beginning on April 7 and concluding on April 11.

This release represents a small portion, about 0.12%, of Solana’s total market capitalization, which currently stands at $64 billion.

The unlock is part of the ongoing Alameda & FTX bankruptcy proceedings, adding a layer of market uncertainty. Solana’s price has already seen a 4.67% decline over the past week, with the token now trading at $125.62.

Next up is Saga (SAGA), which will unlock a substantial 133.2 million tokens on April 9. These tokens are valued at $48.02 million and represent a significant 13.32% of its total supply, as well as an astonishing 119% of its current market capitalization.

Saga, with a market cap of just $39.7 million, has experienced a 1.30% price decrease over the past week, with the token now trading at $0.3555. This massive unlock, relative to its market cap and limited circulating supply, could have a significant impact on SAGA’s price trajectory.

Mid-April will see Aptos (APT) release 11.3 million tokens, valued at $62.05 million, on April 12. This unlock will account for 1.13% of Aptos’ total supply and 1.87% of its market capitalization.

Aptos has shown some strength recently, with a 4.33% price increase over the past week. The token is currently trading at $5.49, and its market cap stands at $3.3 billion. This unlock will benefit the foundation, core contributors, and other stakeholders, which could influence trading sentiment.

On April 17, deBridge (DBR) is set to release a significant 1.23 billion tokens, valued at $36.35 million. This will account for 12.31% of its total supply and 68.38% of its market cap.

DBR has experienced a 17.56% price increase in the past week, now trading at $0.03001. This surge indicates investor confidence ahead of the upcoming token unlock.

The largest single unlock in April will occur on April 18, when Official Trump (TRUMP) releases 40 million tokens, valued at a staggering $431.2 million. The event will see 4% of the total supply get unlocked, and it represents a significant 20% of TRUMP’s market capitalization.

TRUMP is currently trading at $10.80 and has seen a 9.56% price decline over the past week. This unlock, benefiting creators and CIC Digital, could have a substantial impact on TRUMP’s price trajectory and liquidity.