ALERT Crypto Holders: $1.7 BILLION Altcoin Airdrop Crash

Hey there! Get ready to mark your calendars because April is shaping up to be a busy month. We’re talking about a massive influx of assets, totaling over $1.7 billion worth of tokens, all gearing up for release. And let me tell you, it’s gonna be one wild ride.

Now, who’s stealing the spotlight? Well, we’ve got some heavy altcoins in the lineup, including Aptos, Starknet, Axie Infinity, Arbitrum, and Ronin tokens. 

Now, if you’ve been following us, you know we’ve been keeping a close eye on these token unlocks month after month. And hey, there’s a good reason for it! It’s all about helping you stay ahead of the game. 

See, these unlocks aren’t just about flooding the market with altcoins. Nah, there’s a whole strategy behind it. Sometimes, we see prices take a dip as these tokens hit the market. But hey, other times, it’s like watching fireworks as expectations soar. So, let’s get to our list for April.

1) Aptos

Aptos leads the pack for this month. The layer-1 platform will release a whopping 24.84 million tokens in April. These tokens are valued at approximately $418.75 million.

Welcome back, fellow crypto enthusiasts! Hold onto your seats because we’ve got some smooth moves happening in the world of Layer 1 networks, and Aptos is taking the lead with style. On April 12th, they’re set to release a whopping 24.84 million tokens into the wild, valued at approximately $418.75 million. Now, let’s break down the allocation from one of the altcoins that is having important unlocks.

The Aptos Foundation will receive 1.33 million APT tokens, worth a cool $22 million. Core contributors are in for a treat with 11.88 million APT tokens, totaling a hefty $198.91 million. Investors are next in line, getting 8.42 million APT tokens valued at $141.10 million. Last but certainly not least, the community will receive 3.21 million APT tokens, coming in at $53.77 million.

Previous APT unlocks caused a slight dip in price. But analysts are suggesting that the alt season may not have peaked just yet. This leaves room for APT to potentially appreciate even further before any major selloff occurs. 

And remember what we discussed last time? Aptos has been on a roll with development projects, including some exciting ventures across Africa to push forward Web3 development. I’m curious to see how this unlock shakes things up for Aptos.

2) Starknet

Our next major unlock for April is Starknet.  On April 15th, they’re unleashing a whopping 64 million STRK tokens. That’s nearly 8.8% of its total circulating tokens, valued at a cool $124 million. Let’s see more about one of our favorite altcoins.

Now, who’s cashing in on this release? Early contributors are in for a treat with 33.57 million STRK tokens, worth a sweet $68.47 million. Investors, you’re not left out either! You’ll be getting 30.43 million STRK tokens, totaling $62.09 million.

Starknet initially planned to unlock 1.34 billion tokens. But the team changed their plans following a massive reaction from the community. 

Starkware, the team behind Starknet plans to commence a gradual unlock afterward. The team will release 64 million tokens monthly until March 15, 2025. Afterwards, they’ll release 127 million tokens monthly for the next 24 months until March 15, 2027.

But wait, there’s more! Starknet recently dropped some big news about a network upgrade set to boost protocol performance. And guess what? The token market liked what it heard. STRK saw a solid 13.3% uptick from $2.03 to $2.30 between March 23rd and 27th.

Starknet’s got big plans, folks. They’re gearing up to implement this upgrade in Q2 2024. So, watch out for this unlock.

3) Arbitrum

Arbitrum is one of the altcoins that has been on a crazy unlocking spree lately. Last month, the team unlocked over 1 billion ARB tokens worth over $2 billion. Now, they plan to unlock $138.87 million tokens on April 16. This accounts for 3.75% of its circulating supply. 

The allocation is for the project’s team and investors. The team and advisors will receive tokens valued at $88.12 million. Investors will receive ARB tokens valued at $57.34 million.

Over the last few days, ARB has decreased. Investors also expect a further fall before the unlock in April. There are other major unlocks lined up for April. Here’s a brief list:

  • CYBER: unlocking tokens worth $12 million on April 14th. 
  • AXS: Unlocking tokens worth $110 million on April 17th.
  • Manta: Unlocking tokens worth $ 42.60 million on April 18th.
  • OP: unlocking tokens worth $83.6 million on April 29th.

That’s it for this month. See you soon.


The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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