December Brings in Whopping $334 Million Worth of Token Unlocks – Aptos (APT), Optimism (OP), 1inch Lead Way

Contents

1 December Kicks Off With $34 Million 1Inch Token Unlock
2 Aptos (APT) to Release $175 Million Worth of APT Tokens
3 Optimism (OP) Will Unlock 24.16 Million Tokens for Core Contributors And Investors
4 Best crypto platforms in Europe | December 2023

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

The project’s team, investors, and venture capitalists (VCs) are the beneficiaries of this token unlock.

1Inch Token Unlocks. Source: TokenUnlocks

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.
8.42 million tokens worth $59.39 million for the investors.
3.21 million tokens worth $22.63 million for the Aptos community.

READ

JPEX scandal won’t hurt Hong Kong crypto vision: Financial Secretary

Aptos Token Unlock. Source: TokenUnlocks

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.

APT/USDT, Binance. Source: TradingView

Optimism (OP) Will Unlock 24.16 Million Tokens for Core Contributors And Investors

12.75 million tokens worth $21.80 million for the core contributors.
11.41 million tokens worth $19.51 million for the investors.

Optimism Token Unlock. Source: TokenUnlocks

Do you have anything to say about December token unlocks or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).