Major token unlock events release previously restricted tokens that were tied to fundraising agreements. These meticulously planned events aim to control market impact and uphold price stability.

Here are five significant token unlocks set for today and the upcoming week.

XRP

Although there were no scheduled vesting periods for XRP today or in the following weeks, an unexpected token unlock occurred on February 2.

Ripple unlocked 400 million XRP tokens, valued at approximately $1.13 billion, as reported by Whale Alert. However, only a fraction of these tokens will be utilized by Ripple for specific activities, while the remaining tokens will be secured back into custody.

This substantial token unlock may potentially influence the price of XRP in the market.

Jito Labs (JTO)

Unlock Date: February 7

Number of Tokens to be Unlocked: 11.3 Million JTO

Current Circulating Supply: 289.4 Million JTO

Jito Labs is a prominent Solana MEV infrastructure company that develops high-performance systems to enhance the efficiency of the Solana blockchain.

The network is scheduled to unlock an additional 11.3 million JTO tokens, equivalent to about $33.89 million, on February 7 for core contributors and investors.

Galxe (GAL)

Unlock Date: February 5

Number of Tokens to be Unlocked: 5.18 Million GAL

Current Circulating Supply: 127.7 Million GAL

Galxe, the Web3's largest on-chain distribution platform, will unlock 5.18 million GAL tokens on February 5. These tokens will be distributed across the ecosystem, with a significant portion allocated to investors and growth supporters.

TARS AI (TAI)

Unlock Date: February 2

Number of Tokens to be Unlocked: 26.7 Million TAI

Current Circulating Supply: 586.6 Million TAI

TARS AI is an AI-powered platform on the Solana blockchain that facilitates smooth transitions from Web2 to Web3 solutions.

26.7 million TAI tokens will be unlocked on February 2 for distribution among key stakeholders of the platform.

Neutron (NTRN)

Unlock Date: February 3

Number of Tokens to be Unlocked: 9.96 Million NTRN

Current Circulating Supply: 284.8 Million NTRN

Neutron (NTRN) is a permissionless smart contract platform that enables inter-chain smart contract deployment and supports the IBC protocol.

The upcoming unlock event on February 3 will introduce 9.96 million NTRN tokens into the market.

Next week's token unlock events will feature Tribal Token (TRIBL), NEON, and Automata Network (ATA), contributing to approximately $70 million worth of new tokens being unlocked.