Market Data 
April will see close to $658.1 million worth of token unlocks impacting major projects. To be released between April 7 and April 18, these unlocks can lead to increased volatility and create unique trading opportunities.
Five major projects in particular – Solana (SOL), Saga (SAGA), Aptos (APT), deBridge (DBR), and Official Trump (TRUMP) – are at the forefront of this event.
Which Cryptocurrencies Are Facing Major Token Unlocks in April?
The Solana ($SOL) token unlock is slated to occur between April 7 and April 11. During this period, 636,985 SOL, valued at $80.49 million, will enter circulation. This represents a small fraction, about 0.12%, of Solana’s total market capitalization, which currently stands at $64 billion.
Adding a layer of market uncertainty, this unlock is tied to the ongoing Alameda & FTX bankruptcy proceedings. Solana’s price has already seen a 4.67% decline over the past week, trading at $125.62 at the time of this report.
On April 9, Saga ($SAGA) will unlock a substantial 133.2 million tokens, worth $48.02 million. This represents a significant 13.32% of its total supply and an astonishing 119% of its current market capitalization.
Saga, with a market cap of just $39.7 million, has experienced a 1.30% price decrease over the past week, trading at $0.3555. This massive unlock relative to its market cap could significantly influence its price trajectory, especially considering its limited circulating supply.
Mid-April Releases: Aptos and deBridge
Mid-April will see Aptos ($APT) release 11.3 million tokens, valued at $62.05 million, on April 12. This unlock accounts for 1.13% of Aptos’ total supply and 1.87% of its market capitalization.
Aptos has shown some strength recently, with a 4.33% price increase over the past week. Trading at $5.49, its market cap stands at $3.3 billion. The unlock will benefit the foundation, core contributors, and other stakeholders, potentially influencing trading sentiment.
On April 17, deBridge ($DBR) is set to release a significant 1.23 billion tokens, valued at $36.35 million. This accounts for 12.31% of its total supply and 68.38% of its market cap. Trading at $0.03001, deBridge has experienced a 17.56% price increase in the past week, signaling investor confidence ahead of the unlock.
Official Trump Token: The Month’s Largest Unlock
The largest single unlock in April will occur on April 18, when Official Trump ($TRUMP) releases 40 million tokens, valued at a staggering $431.2 million. This event represents 4% of the total supply and a significant 20% of its market capitalization.
TRUMP is trading at $10.80 and has seen a 9.56% price decline over the past week. This unlock, benefiting creators and CIC Digital, could have a substantial impact on TRUMP’s price trajectory and liquidity.
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