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04/14 02:36

Arbitrum, Starknet, and Axie Infinity ecosystems

Arbitrum, Starknet, and Axie Infinity ecosystems are gearing up for numerous token unlocks next week. Tokens worth millions of dollars, including ARB, STRK, and AXS, will be released alongside others like IMX, PIXEL, MANTA, and APE. Token holders should brace for volatility ahead of the Bitcoin halving week to avoid exiting liquidity.

Starting from Sunday, April 14th, several ecosystems will schedule unlock events. The release of millions of dollars' worth of tokens will increase the individual circulating supply of projects. Investors are expected to trade around these events, so volatility is anticipated. This upcoming week marks the Bitcoin halving, a highly anticipated event expected to kickstart the next bull market cycle.

Token unlock events before Bitcoin halving:

Despite many token unlock events this week, three stand out for their significant releases:

1. Starknet ecosystem will unlock 64 million STRK tokens on April 15th, valued at $117.12 million. These tokens constitute 8.8% of the network's circulating supply and will be distributed to early contributors and investors.

2. Ethereum Layer 2 (L2) ecosystem Arbitrum will witness the largest token unlock event of the week on April 16th. The network will allocate 92.65 million ARB tokens, valued at $131.56 million, to the Arbitrum team, future team, advisors, and investors. This accounts for 3.5% of the circulating supply.

3. Following the ARB unlock, AXS will unlock on April 17th. The Axie Infinity ecosystem will release 10.87 million AXS tokens, valued at $103.91 million, to the market. This chunk, making up 7.6% of the network's circulating supply, will be allocated towards staking rewards, the team, and ecosystem fund.

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