December Token Unlocks: $5.08 Billion Set to Hit the Market

As a seasoned crypto investor with battle-scarred fingers from numerous market dips and surges, I find myself bracing for the impending token unlocks this December. With a staggering $5.08 billion worth of assets set to flood the market, the stage is undeniably set for turbulent times.

This month, significant token releases are expected in the cryptocurrency market, totaling approximately $5.08 billion in assets that will become available in December.

In simple terms, BeInCrypto points out the leading five events where tokens will be released en masse, bringing a substantial increase to the market supply.

November Token Unlocks: What to Expect

According to Tokenomist’s recent report, a total of $1.99 billion worth of tokens from December’s unlocking event have been categorized as ‘cliff unlocks.’ In these instances, the tokens are distributed not on a daily basis, but instead follow a predetermined schedule, such as weekly, monthly, or yearly releases.

Keeping a close eye on token unlocks is crucial for investors and traders, as they signify the release of tokens that were previously inaccessible, thus influencing market trends. Such occurrences present potential avenues for growth, but simultaneously introduce the risk of heightened selling pressure.

Notable unlocks from cliffs this month involve cryptocurrencies such as SUI, JITO, APTOS, ARBITRUM, and OPTIMISM.

Sui (SUI)

Come December 1st, a total of 64.19 million tokens, currently worth approximately $221.47 million, will be released by Sui. Here’s the breakdown of their distribution:

Series A: 19.84 million SUI ($68.44 million)
Series B: 19.32 million SUI ($66.66 million)
Community Reserve: 12.63 million SUI ($43.57 million)
Early Contributors: 10.34 million SUI ($35.67 million)
Mysten Labs Treasury: 2.07 million SUI ($7.14 million)

Jito (JTO)

On the 7th of December, Jito intends to distribute approximately 135.71 million tokens, which are valued around $498 million. This distribution surpasses the current circulating supply of JTO tokens. Here’s how the token distribution is structured:

Core Contributors: 81.67 million JTO ($299.72 million)
Investors: 54.05 million JTO ($198.35 million)

Aptos (APT)

On December 11th, Aptos is planning to release 11,310,000 APT tokens, which accounts for approximately 2.12% of its entire token supply. This batch of tokens is valued at around $149.85 million. Here’s how the distribution will be structured:

Foundation: 1.33 million APT ($17.56 million)
Community: 3.21 million APT ($42.28 million)
Core contributors: 3.96 million APT ($52.13 million)
Investors: 2.81 million APT ($36.98 million)

Arbitrum (ARB)

On the 16th of December, Arbitrum is set to distribute 92.65 million ARB tokens, valued at approximately $88.80 million. This substantial release amounts to 2.26% of the current circulating supply of ARB tokens. Here’s how these tokens will be allocated:

Team, future team, and advisors: 56.13 million ARB ($53.79 million)
Investors: 36.52 million ARB ($35 million)

Optimism (OP)

Starting on New Year’s Eve, I, as a researcher, anticipate the unveiling of 31.34 million tokens by Optimism. These tokens are estimated to be worth around $75.85 million and represent approximately 2.50% of their total circulating supply. The allocation of freshly minted OP will be structured as follows:

Investors: 14.80 million OP ($35.82 million)
Core contributors: 16.54 million OP ($40.03 milliom)

Additionally, in the coming month of December, there are significant token unlocks from well-known projects such as Cardano (ADA), ZetaChain (ZETA), Immutable (IMX), ApeCoin (APE), Starknet (STRK), and Sei (SEI) apart from these major market events.

2024-11-30 22:28