Massive Token Unlock in February: There's XRP, JTO, and GAL!

Bittime - Massive token unlock will be implemented in February. Some projects, such as XRP, JTO, and GAL, will unlock large amounts of tokens. 

Token unlocks are often linked to funding strategies and market supply management so they can influence the market. Read this article to find out how to unlock February tokens!

Token Unlock in February: XRP (400 Million XRP)

Although not initially scheduled to token unlock in February, Ripple surprised the market by unlocking 400 million XRP or around $1.13 billion. on February 2, 2025.  

However, not all of these tokens will hit the market immediately. Ripple will use a small portion of the tokens for various activities, while the rest remains locked. 

Even so, this massive February token unlock has the potential to impact the price of XRP, especially as this asset has experienced a 300% increase since Trump's victory last November. 

Read Also: Today's Crypto Heatmap Update: Visualization of Crypto Market Conditions 

Token Unlock in February: Jito Labs (11,3 Million JTO)

The next token unlock in February is Jito Labs will open 11.3 million JTO or worth around $33.89 million.

Currently, there is 289.4 million JTO circulating from the total supply 1 billion tokens. This unlock token will be distributed to core contributors and investors project.

Meanwhile, Jito Labs is known as an infrastructure provider MEV (Maximum Extractable Value) on the Solana network, which aims to increase the efficiency of the blockchain.

Token Unlock in February: Galxe (5,18 Million GAL)

Next, there is Galxe who will open 5.18 million GAL on February 5, 2025. Of the total 200 million GAL supply, approximately 127.7 million are in circulation. 

3.2 million of this token unlock in February will be allocated to investors and growth supporters, while the remainder will go to the community, project teams, partners, and advisors.

Meanwhile, Galxe is known as the largest on-chain distribution platform on Web3 that has various applications, such as Galxe Quest, Galxe Compass, Galxe Passport, dan Galxe Score.

Read Also: Bitcoin and Crypto Heatmap: Understanding and Everything You Need to Know 

Another Token Unlock 

Apart from XRP, JTO, and GAL, several other projects will also carry out token unlocks in February, namely as follows.

1. TARS AI (TAI): 26.7 million TAI opens on February 2, with the largest distribution for the "AI to Earn" feature.

2. Neutron (NTRN): 9.96 million tokens will be unlocked on February 3, distributed to teams, investors, and advisors.

3. Tribal Token (TRIBL), NEON (NEON), and Automata Network (ATA) is also scheduled, with a total unlock value of approx $70 million.

Impact Token Unlock in February

These are the projects that will carry out the February token unlock, which may influence the price of crypto assets. 

Increased supply in the market can cause selling pressure if demand is not high enough to absorb the newly released tokens. 

However, in some cases, unlocking tokens can also have a positive impact if the tokens are used for ecosystem development and increasing liquidity.

Read Also: Getting to know Bitcoin Liquidation Heatmap: Definition and How it Works 

Token Unlock FAQs

What is Unlock Token?

Unlocking tokens is the process of releasing tokens that were previously locked or restricted in circulation. Typically, unlocking tokens is tied to a vesting schedule for investors, project teams, or communities to avoid heavy selling pressure in the market.

Why Can Unlock Tokens Affect the Price of an Asset?

When a large number of tokens are released into the market, supply increases, which can lead to selling pressure and a drop in price. However, the impact depends on market demand and token distribution strategies by related projects.

Does Unlock Token Always Have a Negative Impact?

Not always. If the token unlock is anticipated by the market or occurs gradually, the impact can be minimal. In some cases, unlocking tokens can even improve the project ecosystem and attract more investors.

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Reference

Be in Crypto, 5 Token Unlocks to Watch for The First Week of February, accessed February 4, 2025.

Author: IPR