In December, major unlocks will take place in leading blockchain projects that will affect market dynamics. Cardano, Jito and Aptos are set to unlock $600 million worth of tokens this month. Cardano, Jito and Aptos (APT coin) will launch tokens worth nearly $700 million in December. Jito will launch the largest token with 135.71 million JTO tokens scheduled for December 7.
Unlocking APT coin and others
Numerous crypto projects will release tokens in December, with Cardano (ADA), Jito (JTO) and Aptos (APT) slated to unlock around $700 million in tokens, according to data from Tokenomist. Cardano will release 18.53 million ADA tokens worth about $20 million on December 4. The tokens, which represent less than 0.1% of the circulating supply, will go into staking and treasury funding reserves. ADA has risen 8% in the past week and is up 198% in 30 days, trading above $1 for the first time in more than two years, according to CoinGecko data.
Solana-based Jito is facing its largest unlock, with 135.71 million JTO tokens worth about $521 million scheduled for December 7. The release, which represents roughly 103% of the circulating supply, will be distributed to core participants and investors. JTO reached $3.9 during the week and is currently trading at $3.8, up 4% in 24 hours. Aptos will unlock 11.31 million APT tokens worth approximately $153 million at current prices on December 11. The tokens, which make up about 2% of the circulating supply, will go to the foundation, community, core contributors and investors.
NEON, ZKJ and others are also unlocking
Neon (NEON) is set to unlock 53.91 million tokens on December 7, representing approximately 45% of its circulating supply. Polyhedra Network (ZKJ) will launch 17.22 million ZKJ tokens on December 14, representing approximately 28.5% of its circulating supply. Space ID (ID) will unlock 78.49 million ID tokens on December 22, representing approximately 18% of its circulating supply. Token unlocks often lead to increased volatility in the market, especially when large amounts of tokens are released.
Celestia’s TIA token, for example, fell below $5 on October 30 after a significant $1 billion token unlock. But it has recently recovered, topping $6 last week and currently trading around $8. While token unlocks can create immediate supply pressure and volatility, their long-term impact will largely depend on market conditions.
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