Top 5 Largest Token Unlock Events in Early December 2024
The last month of 2024 saw more than 1.6 billion USD worth of tokens unlocked, drawing the attention of investors. Among them, the following projects are the 5 largest unlock events:
1. Sui ($SUI )(on December 1)
Number of unlocks: 64.19 million tokens (2.26% of circulating supply). Value: 226 million USD.
2. ZetaChain (#ZETA )(on December 1)
Number of unlocks: 53.89 million tokens (10.41% of circulating supply). Value: 43 million USD.
3. Cardano ($ADA )(on December 1)
Number of unlocks: 18.53 million tokens (0.05% of circulating supply). Value: 20 million USD.
4. Jito Labs ($JTO ) (Unlock on December 7 - most notable of the month)
Number of unlocks: 135.71 million tokens (103.32% of circulating supply). Value: 500 million USD.
5. Aptos (#APT ) (Unlock on December 12)
Number of unlocks: 11.31 million tokens (2.12% of circulating supply). Value: 147.8 million USD.
Overview: Large unlock events like the ones above can create significant price fluctuations in the market, especially for tokens with a large proportion of unlock compared to the circulating supply. Investors need to monitor closely to make appropriate decisions.