Some sizable gaming token unlocks are set to take place between now and the end of February, increasing the circulating supply for tokens tied to games like The Sandbox (SAND) and Parallel (PRIME). These unlocks could impact the market price, so traders keep tabs on such moves.

The Sandbox is up first, according to estimates from crypto dashboard TokenUnlocks, with 205.59 million SAND expected to be unlocked on Wednesday between team, advisor, and company reserve allocations. That tally represents about $99.2 million worth of SAND at the current price, and equals about 9.2% of the current circulating supply.

On February 16, 15.6 million ApeCoin (APE) tokens will unlock based on allocations due to Bored Ape Yacht Club maker Yuga Labs and its founders, launch contributors, the ApeCoin DAO, and charitable efforts. That represents about $23.1 million worth of the Ethereum token, which equals only about 2.6% of the circulating supply at present.

Beginning February

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Author: Andrew Hayward

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