Blockchain projects often conduct token unlock events as a means to release previously restricted tokens into the market. Carefully planned, these events are orchestrated to control market impact and volatility.

Such token unlocks have the potential to trigger significant price movements. Let's take a look at three upcoming major token unlock events scheduled for this week:

1. Portal (PORTAL)

Unlock Date: February 28

Number of Tokens to be Unlocked: 25.61 million PORTAL (2.56% of max supply)

Current Circulating Supply: 167.1 million PORTAL

Portal serves as the utility token for a cross-chain Web3 gaming platform, connecting gamers and developers across various blockchain networks. The upcoming token unlock will see the release of tokens from multiple allocation rounds, boosting liquidity and likely influencing price dynamics and ecosystem development.

2. AltLayer (ALT)

Unlock Date: February 25

Number of Tokens to be Unlocked: 240.80 million ALT (2.41% of total supply)

Current Circulating Supply: 2.55 billion ALT

AltLayer is a decentralized protocol facilitating the launch and optimization of Layer-2 rollups through its unique "restaked rollup" model. This token unlock, distributed across various allocations, is anticipated to bolster liquidity, supporting AltLayer's scaling efforts.

3. NFPrompt (NFP)

Unlock Date: February 27

Number of Tokens to be Unlocked: 14.51 million NFP (1.45% of max supply)

Current Circulating Supply: 395.3 million NFP

NFPrompt offers an AI-powered content creation platform for Web3, enabling users to create and monetize digital art and NFTs. The upcoming token release from different allocations is expected to impact liquidity and market sentiment for NFP.

Collectively, these token unlocks will bring around $17.71 million worth of tokens into the market this week. With increased liquidity and governance participation, investors and community members should monitor these projects for potential price fluctuations and strategic developments.