Crypto projects like Avalance, Aptos, The Sandbox, Optimism and Sui are set to release millions in vested digital assets this month.
The digital asset market is bracing for the release of nearly $900 million in vested tokens this month, with projects like Avalanche, Aptos and The Sandbox leading the charge.
Crypto vesting is the process of locking down digital assets for a predetermined time before the holders are able to fully access or transfer them from their wallets. The practice is designed to prevent early investors from quickly dumping their tokens for a profit and leaving the business while attempting to incentivize long-term dedication to the project.
According to data provider Token Unlocks, about $900 million worth of tokens will be released in February. Some of the tokens set to be released include Avalanche (AVAX), Aptos (APTOS), The Sandbox (SAND), Optimism (OP) and Sui (SUI).
