December 2023 is poised to witness significant token unlocks from major crypto projects, with nearly $334 million worth of tokens from Aptos, Optimism, and 1inch scheduled for release. Aptos leads with a substantial unlock of $175 million in APT tokens, constituting 8.95% of its circulating supply, slated for December 12. The beneficiaries include the Foundation, core contributors, investors, and the Aptos community.
1inch, a decentralized exchange aggregator, is set to release 98.74 million 1INCH tokens valued at $33.97 million, representing 9.48% of its total circulating supply. This unlock will benefit the project's team, investors, and venture capitalists.
Lastly, Optimism is scheduled to unlock 24.16 million tokens, worth $41.31 million, on December 30. This represents 2.74% of its supply, allocated for core contributors and investors.
These token unlocks may add potential selling pressure in the market, as a significant number of tokens will be introduced into circulation.
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.
