🌎 Arbitrum and ApeCoin Set to Unlock Millions of Tokens This Week

Arbitrum and ApeCoin prices are expected to attract significant attention this week as their networks unlock millions of tokens.

ApeCoin

ApeCoin, trading at $0.756, has seen a 57% rise from its lowest point in August. Meanwhile, Arbitrum has been relatively stable at $0.5345 over the past few weeks.

Arbitrum Token Unlock

Arbitrum will unlock 93.2 million new tokens on Monday, September 16. This event will increase the number of coins in circulation to over 3.52 billion. Arbitrum’s total supply stands at 10 billion tokens, with the final unlock scheduled for April 2027.

This unlock occurs during a challenging period for Arbitrum’s ecosystem. The number of active addresses has dropped to 455,000 from a year-to-date high of 1.50 million. Daily deployments in the blockchain have decreased to 8,600 from a high of 32,750. Additionally, the transaction count dropped by over 24% in the last 24 hours to 1.07 billion.

Arbitrum has also been surpassed by Base Blockchain in the decentralized exchange (DEX) industry. The volume of transactions in its DEX networks decreased by 20% in the last seven days to $2.7 billion, while Base handled $2.91 billion.

ApeCoin Token Unlock

ApeCoin, launched by Yuga Labs, will unlock 15.38 million tokens on September 17. This will bring the number of coins in circulation to 620 million. ApeCoin has a maximum supply of 1 billion coins, with 15.3 million released each month. The final unlock is expected in March 2026.

There’s also the upcoming launch of ApeChain, a layer-2 network designed to enable developers to build applications across gaming, decentralized finance, non-fungible tokens, and decentralized public infrastructure industries.

Token unlocks are often seen as bearish events in the crypto industry because they dilute existing holders and reduce the staking yield received by investors, as most of these tokens flow to staking pools.

ApeCoin and Arbitrum will also be influenced by the upcoming Federal Reserve interest rate decision on Wednesday. Economists expect the bank to deliver its first interest rate cut since 2020, as U.S. inflation has eased while the unemployment rate remains above 4%. Generally, cryptocurrencies and other risk assets perform well when the Fed adopts a dovish stance.