Summary
Several gaming tokens are set to unlock between now and the end of February, potentially impacting their market prices. On Wednesday, 205.59 million SAND tokens are expected to be unlocked, followed by 15.6 million APE tokens on February 16. Immutable will begin a 28-day linear unlock of 1.22 million IMX tokens per day starting on February 22, and on February 28, 1.66 million PRIME tokens will be unlocked. Yield Guild Games and Stepn will also have token unlocks in February. Traders pay attention to these unlock dates as a large dump of tokens could signal sell pressure.
Key Points
1. Several gaming tokens, including SAND and PRIME, are set to have significant unlocks between now and the end of February. These unlocks could impact the market price of the tokens, so traders are keeping a close eye on these movements.
2. The Sandbox (SAND) is expected to have 205.59 million tokens unlocked on Wednesday, representing about $99.2 million worth of SAND. This unlock accounts for approximately 9.2% of the current circulating supply.
3. Other tokens like ApeCoin (APE), Immutable (IMX), Parallel (PRIME), Yield Guild Games (YGG), and Stepn (GMT) also have scheduled unlocks throughout February. These unlocks range from 2.6% to 5.7% of their respective circulating supplies.