The post Major Token Unlocks Set to Impact Crypto Market This Week appeared on BitcoinEthereumNews.com.

Major token unlocks for Aptos, Sandbox, and Arbitrum expected this week. Potential price impacts: Aptos decline, Sandbox rise, Arbitrum recovery. Bitcoin halving and on-chain data influence market sentiment. This week, major cryptocurrencies like Aptos (APT), The Sandbox (SAND), and Arbitrum (ARB), are scheduled to undergo token unlocks, potentially influencing their market dynamics. These unlocks, slated for August 12th through 18th, 2024, are expected to release millions of dollars worth of tokens into the market. 🔓 Weekly Cliff Unlocks : 12-18 August 24 🔓 🔥 $ 228.7m 🔥 🌟 Unlock Highlights 🌟$APT (2.40%) – $65.14m$SAND (9.00%) – $54.24m$ARB (2.77%) – $50.38m$STRK (3.95%) – $24.52m$ROSE (2.24%) – $9.60m$APE (2.31%) – $9.46m..( % of cir. supply) pic.twitter.com/WVZWA68hFi — Token Unlocks (@Token_Unlocks) August 9, 2024 Aptos (APT) Unlock and Price Analysis Aptos is set to unlock 2.40% of its circulating supply, amounting to $65.14 million. As of now, Aptos is trading at $5.71, with a 24-hour trading volume of $113,294,410. The token has seen a 4.84% increase in the last 24 hours, bringing its market cap to $2.69 billion. Aptos has a circulating supply of 470,811,334 APT coins. However, Aptos could face a decline, potentially revisiting its all-time low of $3.09, which was last seen in December 2022. If market conditions improve, APT might recover and rise to $7.65, with the potential to reach a resistance level of $9.73. A breach above this level could push the token toward $12.00 by the end of the year. The Sandbox (SAND) Unlock and Future Outlook The Sandbox is expected to unlock 9.00% of its circulating supply, valued at $54.24 million. Currently, SAND is priced at $0.261956, with a 24-hour trading volume of $52,969,656. The token has risen by 2.74% in the last 24 hours, bringing its market cap to $598,367,993. The circulating supply of SAND stands…

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Filed under: News - @ August 10, 2024 9:28 am