Nearly $334 million worth of tokens will be unlocked in December, with. Aptos, Optimism, and 1inch introducing a significant amount of new tokens.
December has begun, marking the start of the holiday season. However, token unlocks show no intention of taking a break, even during the last month of the year.
December Kicks Off With $34 Million 1Inch Token Unlock
According to TokenUnlocks, the decentralized exchange (DEX) aggregator 1inch is set to release tokens constituting approximately 9.48% of its total circulating supply. Within one hour of publication of the press release, a total of 98.74 million 1INCH tokens, with a value of $33.97 million, will be introduced into circulation.
The project’s team, investors, and venture capitalists (VCs) are the beneficiaries of this token unlock.
Read more: Crypto Hedge Funds: What Are They and How Do They Work?
Aptos (APT) to Release $175 Million Worth of APT Tokens
At least 25 projects have scheduled token unlocks in December. However, as of writing, the data shows that Aptos’ $175 million unlock is the highest compared to other projects’ token unlocks.
In addition to this, the project will unlock 24.84 million APT tokens, which notably consist of 8.95% of the circulating supply, on the upcoming date of Dec. 12.
Lastly, the screenshot below shows that there are four beneficiaries of Aptos’ token unlocks:
- 1.33 million tokens worth $9.40 million for the Foundation.
- 11.88 million tokens worth $83.72 million for the core contributors.
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Author: Harsh Notariya
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