Nearly $334 million worth of tokens will be unlocked in December, with. Aptos, Optimism, and 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 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.
- 8.42 million tokens worth $59.39 million for the investors.
- 3.21 million tokens worth $22.63 million for the Aptos community.
Interestingly, Aptos’ previous unlock occurred on Nov. 12, during which the project released the exact same amount of tokens. The screenshot below shows that APT is down by around 16% since Nov. 12.
Optimism (OP) Will Unlock 24.16 Million Tokens for Core Contributors And Investors
Last, but not least, Optimism will unlock 24.16 million tokens worth $41.31 million on Dec. 30. The 2.74% supply will be unlocked for core contributors and investors through the following allocation:
- 12.75 million tokens worth $21.80 million for the core contributors.
- 11.41 million tokens worth $19.51 million for the investors.
Read more: What Is Optimism
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