$278M Token Unlock Wave Approaches: Here’s What to Watch

The crypto market will welcome tokens worth more than $278 million in the second week of February 2025. Major projects, including Connex (CONX), Avalanche (AVAX), and Aptos (APT), will release significant new token supplies. 

These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.

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1. Connex (CONX)

• Unlock Date: February 15
• Number of Tokens to be Unlocked: 1.32 million CONX
• Released Supply: 84.63 million CONX
• Total supply: 100 million CONX

Connex is a permissionless, open, and collaborative Web3 professional network. The project integrates blockchain with networking, promoting transparency and fair value exchange among professionals in the digital economy. Holders can use CONX for payments and governance.

Connex will unlock 1.32 million CONX tokens into the market on February 15. Moreover, the supply is valued at approximately $15.99 million. It represents 1.56% of the released supply.

The team will allocate around 822,500 CONX to the ecosystem. Lastly, the community treasury will get 500,000 altcoins.

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2. Avalanche (AVAX)

• Unlock Date: February 11
• Number of Tokens to be Unlocked: 1.67 million AVAX 
• Released Supply: 526.13 million AVAX
• Total supply: 720 million AVAX

Avalanche is a high-performance, open-source Layer-1 blockchain platform. It uses a unique three-chain architecture for scalability, speed, and security.

On February 11, Avalanche will unlock 1.67 million worth around $15.13 million. The tokens represent 0.32% of the circulating supply.

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The foundation will receive the entire unlocked supply.

3. Aptos (APT)

• Unlock Date: February 10
• Number of Tokens to be Unlocked: 11.31 million APT
• Released Supply: 1.63 Billion APT
• Total supply: 2.6 billion APT (Y2035)

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Aptos is a Layer-1 blockchain platform designed for scalability, security, and efficiency in decentralized applications (dApps) and Web3 ecosystems. It utilizes the Move programming language to enable high-throughput transactions and smart contract execution.

Aptos will release 11.31 million tokens on February 10. The tokens are worth $12.07 million. It represents 0.69% of the released supply.

The team will award 3.96 million APT to core contributors. The community and investors will get 3.21 million and 2.81 million tokens, respectively. Additionally, Aptos will allocate 1.33 million tokens to the foundation.

In addition to these, other prominent unlocks that investors can look out for in the second week of February include Starknet (STRK), Linea (LINEA), Movement (MOVE), Rain (RAIN), and more.