AVAX, APT, CONX, STRK and ARB Unlocks Total $68M This Week

Five token unlock events scheduled between May 11 and May 17 will release roughly $68 million in previously vested supply into the market, according to data compiled by Tokenomist. The cohort spans Avalanche, Aptos, Connex, Starknet and Arbitrum.

Avalanche kicks off the week. Per the schedule, 1.67 million AVAX worth about $17.25 million unlocks at 12:00 a.m. UTC on May 12. The release equals 0.31% of circulating supply.

Aptos follows the same day. The project will free 11.31 million APT, valued at $13.23 million, at 6:00 p.m. UTC on May 12. That figure represents 0.67% of circulating supply.

Connex carries the largest dollar print of the week. The unlock schedules 1.32 million CONX worth $17.95 million for 12:00 a.m. UTC on May 15, or 1.49% of circulating supply.

Starknet posts the largest proportional release. Tokenomist data shows 127 million STRK valued at $6.62 million coming unlocked at 12:00 a.m. UTC on May 15. The figure equals 4.05% of circulating supply, the highest share among the five projects.

Arbitrum closes the week. The schedule lists 92.65 million ARB worth $13.37 million for 1:00 p.m. UTC on May 16, equal to 1.71% of circulating supply.

Tokenomist said the events fall within standard vesting cadences tied to team allocations, early investors and ecosystem funds. The data provider noted that not all unlocked tokens reach the open market, with some held by long-term stakeholders or earmarked for operating expenses.

Market impact depends on liquidity rather than headline value, the data set indicates. The CONX release tops the week in dollars but accounts for under 1.5% of float. Starknet's smaller dollar amount lands against a much larger share of supply.

Across the five releases, the combined $68 million total adds to a steady stream of scheduled supply increases tracked by on-chain analytics desks. Traders typically watch the events for short-window volatility and basis dislocations against perpetual futures.

What it means: Unlock weeks are routine, but the mix this week pairs a large proportional release in STRK with a high-dollar release in CONX. Position sizing into the May 15 cluster, when both events print within the same 18-hour window, will set the tone for how the cohort trades into the back half of the week.