Key Points:
- More than $899.3 million worth of tokens will be unlocked in the second week of April.
- Among the largest unlocks are Aptos, Babylon, and Linea.
- Other notable projects include RedStone, BounceBit, and Movement.
In the second week of April, tokens worth over $899.3 million will enter the market. Major projects like Aptos (APT), Babylon (BABY), and Linea (LINEA) will increase their token supply.
Such unlocks often impact the market. They can increase volatility and affect prices in the short term.
That is why there are several projects to watch closely this week.
Aptos (APT)
Unlock date: April 12
Number of tokens: 11.31 million APT
Current supply: 1.66 billion APT
Total supply: 2.59 billion APT by 2035
Aptos is a layer-1 blockchain focused on scalability and stable operation of dApps and Web3 projects. It is based on the Move programming language, which allows for high transaction throughput and smart contract execution without network congestion.
On April 12, 11.31 million tokens will be released into circulation. This is currently about $9.65 million.
The unlock volume is relatively small. This is about 0.68% of the circulating supply.
APT token unlock in April. Source: Tokenomist
The team will distribute 3.96 million APT among key project participants.
The community and investors will receive 3.21 million and 2.81 million tokens, respectively.
Another 1.33 million APT will go to the project fund.
Babylon (BABY)
Unlock date: April 10
Number of tokens: 612.5 million BABY
Current supply: 1.62 billion BABY
Total supply: 10 billion BABY by 2035
Babylon is a decentralized protocol that allows users to stake and secure Proof-of-Stake networks with Bitcoin. BTC remains under user control, with no bridges or third-party custodians.
The BABY token serves several functions within the network. It is used for transaction fees, governance, and joint staking with BTC to secure the network.
On April 10, 612.5 million tokens will be unlocked. This is currently about $7.56 million.
The unlock volume is quite large. This is about 37.77% of the circulating supply.
BABY token unlock in April. Source: Tokenomist
Babylon will distribute tokens among three groups.
Early round investors will receive 381.25 million tokens. The project team will get 187.5 million BABY.
Another 43.75 million tokens will go to advisors.
Linea (LINEA)
Unlock date: April 10
Number of tokens: 1.38 billion LINEA
Current supply: 25.92 billion LINEA
Total supply: 72.01 billion LINEA
Linea is a zkEVM layer-2 solution for Ethereum. The network enables faster and cheaper transactions while remaining compatible with Ethereum tools and maintaining its security level.
On April 10, 1.38 billion tokens will enter circulation. At present, this is about $4.68 million.
The unlock volume is about 5.32% of the circulating supply.
LINEA token unlock in April. Source: Tokenomist
Linea will distribute tokens in several directions.
600.08 million will be reserved for the long-term development of the project. Another 480.07 million LINEA will go to the Ignition program.
The remaining 300.04 million tokens are planned for future airdrops.
See Also: Drift Reveals $280 Million Hack Scheme
In addition, other notable unlocks are expected this week. These include RedStone (RED), BounceBit (BB), Movement (MOVE), and several other projects.
