Three Major Token Unlocks Scheduled for the Upcoming Week

Token unlocks are events when blockchain projects release previously restricted tokens to the market. These events are carefully planned to manage market impact and volatility.

Several blockchain projects are planning to release new batches of tokens into the market next week. These events, known as token unlocks, aim to gradually increase the circulating supply and often lead to significant price movements.

Here are the three major token unlocks scheduled for the upcoming week:

1. Berachain (BERA)

Layer-1 blockchain Berachain, which boasts an EVM-identical execution environment and a unique Proof-of-Liquidity consensus mechanism, will be unlocking 12.98 million BERA tokens on February 10.

Out of these unlocked tokens, 1.25 million will be allocated for a social airdrop, while the remaining will be distributed to the Request for Broposal (RFB) initiative. This initiative aims to incentivize developers, community contributors, and liquidity providers within the Berachain ecosystem.

The newly unlocked BERA tokens will be available on Binance, Bitget, and other major cryptocurrency exchanges where the token is listed.

2. The Sandbox (SAND)

Virtual metaverse platform The Sandbox, where users can create, own, and monetize their gaming experiences, will see 205.59 million SAND tokens (worth nearly $79.2 million) enter circulation on February 14.

This batch of unlocked tokens will largely be allocated to the company reserve (96.84 million SAND), with the rest being distributed to the Sandbox team and advisors.

Currently, 93% of SAND's total supply is already unlocked and in circulation, with a market cap of over $942 million, making it the second-largest metaverse token.

3. Cheelee (CHEEL)

Cheelee, a blockchain-based short video platform that incorporates GameFi elements, will be unlocking 2.67 million CHEEL tokens on February 10, valued at approximately $21.34 million.

Being a relatively new project, Cheelee has only unlocked a small portion of its total token supply (6.64%) to date. This upcoming unlock will increase the circulating supply significantly.

Out of the unlocked CHEEL tokens, the majority will be allocated to liquidity, with only a small portion being dedicated to community airdrops.

Other notable token unlocks next week include XAI, MOCA, and SWEAT, with nearly $200 million worth of new tokens set to be unlocked in the second week of February.