3 Token Unlocks to Watch for The Second Week of February

Token unlocks are events when blockchain projects release previously restricted tokens to the market. These events are carefully planned to manage market impact and volatility. 

Often, these token unlocks lead to notable price movements. Here are three major token unlocks scheduled for the upcoming week

1. Berachain (BERA)

• Unlock Date: February 10
• Number of Tokens to be Unlocked: 12.98 million BERA
• Current Circulating Supply: 107.48 Million BERA

Berachain is a layer‑1 blockchain that hosts an EVM‑identical execution environment and a novel consensus mechanism called Proof‑of‑Liquidity (PoL). 

Berachain’s execution layer is identical to Ethereum’s Virtual Machine (EVM), meaning it uses the same unmodified execution clients as Ethereum. This design choice lets developers deploy existing Ethereum smart contracts directly on Berachain without making any code changes.

The project launched its mainnet on February 6, with BERA token listing on Binance, Bitget, and other major exchanges. Berachain also announced an airdrop of 79 million BERA tokens, representing 15.8% of the total 500 million token supply.

On February 10, the project will further unlock 12.98 million tokens. The majority of these tokens will be distributed to the “Request for Broposal” (RFB) initiative. It will incentivize developers, community contributors, and liquidity providers within the Berachain ecosystem. 

Only 1.25 million of the unlocked BERA tokens will be allocated for social airdrop. 

2. The Sandbox (SAND) 

• Unlock Date: February 14
• Number of Tokens to be Unlocked: 205.59 million SAND
• Current Circulating Supply: 2.45 Billion SAND

The Sandbox is a virtual metaverse where users can create, own, and monetize their gaming experiences using NFTs and the platform’s utility token, SAND. Built on the Ethereum network, SAND is currently the second-largest metaverse token, with a market cap of over $942 million. 

SAND has a total supply of 3 billion tokens, with 93% already unlocked and in circulation. On February 14, a further 205.59 million SAND tokens worth nearly $ 79.2 million will be unlocked. 

The lion’s share of the unlocked tokens—96.84 million SAND—will be added to the company reserve. The rest will be distributed to the Sandbox team and advisors. 

3. Cheelee (CHEEL)

• Unlock Date: February 10
• Number of Tokens to be Unlocked: 2.67 million CHEEL
• Current Circulating Supply: 56.8 million CHEEL

Cheelee is a blockchain-based short video platform that integrates GameFi mechanics to reward users for engaging with content. Operating within the Attention Economy framework, it allows users to monetize their attention by watching videos and participating in platform activities. 

CHEEL is the native utility and governance token of the Cheelee ecosystem. Due to discrepancies in reported circulating supply figures, the market cap of Cheelee’s CHEEL token varies across different data platforms. 

For instance, as of February 9, 2025, CoinMarketCap lists a market cap of approximately $449.86 million, with a circulating supply of about 56.8 million CHEEL tokens.

The total supply of CHEEL is 1 billion tokens, with only 6.64% unlocked so far. On February 10, a further 2.67 million tokens worth around $21.34 million will be unlocked. 

The majority of the unlocked CHEEL tokens will be added to liquidity, and only a small portion will be dedicated to community airdrops. 

Next week’s token unlocks will also include XAI, MOCA, and SWEAT. Overall, nearly $200 million worth of new tokens are set to be unlocked in the second week of February.