TL;DR
- Aptos (APT) will unlock $99.30 million worth of tokens this week, part of a broader trend with over $451 million in token releases scheduled between October 8 and October 14, 2024.
- This unlock represents 2.25% of Aptos’ circulating supply, with other notable unlocks including Optimism (OP), TAIKO, XAI, and Cardano (ADA), varying from 0.05% to 15.62% of their supplies.
- Market implications are significant, as investors and traders will closely monitor price movements, with some projects releasing large portions of their supply and others, like Cardano and Dogecoin.
Aptos (APT) is set to unlock tokens worth approximately $99.30 million this week. According to data from TokenUnlocks, this release is part of a broader trend, with over $451 million worth of tokens scheduled for release between October 8 and October 14, 2024.
This event marks a crucial moment for Aptos, as it represents 2.25% of the token’s circulating supply. Aptos is not alone in this wave of token unlocks. Optimism (OP) follows closely, with 12.47 million tokens valued at $21.08 million set to be unlocked. TAIKO is also on the list, with 12 million tokens worth $19.80 million.
Other notable mentions include XAI, with 35.88 million tokens valued at $7.23 million, and Cardano (ADA), which will unlock 18.53 million tokens worth $6.50 million. These unlocks represent varying percentages of their respective circulating supplies, ranging from 0.05% for ADA to a substantial 15.62% for TAIKO.
Solana Leads Linear Releases
Several projects are set to implement linear token releases alongside cliff unlocks. Leading the pack is Solana (SOL), which has 524.03K tokens scheduled for release, amounting to a value of $78.57 million. This represents a mere 0.11% of its circulating supply.
Worldcoin (WLD) follows with 37.23 million tokens worth $74.45 million, accounting for 7.32% of its circulating supply. Other major linear unlocks include TAO, Avalanche (AVAX), and SEI.
Aptos’ Token Unlock Market Implications
The $451 million token unlocks set for this week may significantly influence the market prices of the associated cryptocurrencies. While certain projects are unveiling a substantial share of their circulating supply, others, such as Cardano (ADA) and Dogecoin (DOGE), are only releasing a modest fraction.
DOGE, for instance, is set to release 94.47 million tokens valued at $10.78 million, just 0.06% of its circulating supply. As the market braces for these significant unlocks, investors and traders will be closely monitoring the price movements of these cryptocurrencies. The impact of these unlocks on the market will be a key area of focus in the coming days.
