Massive Token Unlocks in January 2024: Impact on the Crypto Market

As the crypto market steps into January 2024, it faces a notable influx of liquidity, with more than $600 million anticipated through token unlocks. This movement, highlighted by key projects like Aptos, Injective, and Optimism, marks a critical phase in the crypto space.

Aptos leads with a staggering $235 million unlock scheduled for January 12, comprising 24.84 million APT tokens, which is 8.08% of its circulating supply. This significant release includes tokens for the Foundation, core contributors, investors, and the Aptos community.

Injective follows with its final unlock on January 21, releasing 3.67 million INJ tokens valued at $136.73 million. This unlock encompasses tokens allocated to advisors and the team, marking a critical milestone for the project.

Optimism's unlock, slated for January 30, will release 24.16 million OP tokens, amounting to $87.70 million. This release includes tokens for both the team and investors. Additionally, Optimism has planned a linear unlock of 333,330 OP tokens daily over the next 90 days.

Overall, January 2024 is set to witness token unlocks from approximately 28 projects, potentially leading to high market volatility. The crypto community also eagerly awaits the SEC’s decision on Bitcoin ETFs, which could further influence market dynamics

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}