December Kicks Off With $34 Million 1Inch Token Unlock
The decentralized exchange (DEX) aggregator 1inch is set to release tokens worth approximately $34 million, constituting about 9.48% of its total circulating supply. The tokens will be introduced into circulation within one hour of the press release.
The beneficiaries of this token unlock are the project’s team, investors, and venture capitalists (VCs).
Aptos (APT) to Release $175 Million Worth of APT Tokens
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Aptos has scheduled a token unlock of $175 million in December, which is the highest compared to other projects’ unlocks. The project will unlock 24.84 million APT tokens, accounting for 8.95% of the circulating supply.
The beneficiaries of Aptos’ token unlock include the Foundation, core contributors, investors, and the Aptos community.
Optimism (OP) Will Unlock 24.16 Million Tokens for Core Contributors And Investors
Optimism will unlock 24.16 million tokens worth $41.31 million on December 30th. This represents 2.74% of the total supply and will be allocated to core contributors and investors.
Hot Take: Token Unlocks Continue Despite Holiday Season
In December, several projects are unlocking significant amounts of tokens, with a total value of nearly $334 million. This indicates that token unlocks show no signs of slowing down even during the holiday season. The unlocks by 1inch, Aptos, and Optimism bring new tokens into circulation, benefiting various stakeholders such as teams, investors, and contributors.
