Major crypto projects like Cardano (ADA), JTO, and Aptos (APT) are preparing to launch cryptocurrencies worth a total of around $700 million in December, according to data from Tokenomist.
On December 4, Cardano will release 18.53 million ADA worth nearly $20 million, representing less than 0.1% of the circulating supply.
These cryptocurrencies aim to boost the funding reserve of Cardano's treasury.
It is noteworthy that ADA has risen by 198% over the past month, crossing the $1 barrier for the first time in two years.
On December 7, JTO, which runs on the Solana network, will open 135.71 million JTO worth $521 million, which is roughly 103% of the circulating supply.
These coins will be distributed to the core shareholders and investors.
Aptos will open 11.31 million APTs on December 11, worth approximately $153 million, representing about 2% of the circulating supply, and will be allocated to the institution, community, and cornerstone investors.
In addition to these projects, December will see other notable cryptocurrency launches, such as Neon, Polyhedra Network, and Space ID, adding significant amounts of crypto to the market.
Although these issues often increase market volatility due to immediate supply pressure, their long-term impact depends on overall market conditions.
