📆 January 2024 Token Unlocks: Brace for Impact as $600M Enters the Crypto Market! 💸📈
As we step into the new year, the crypto space is gearing up for a significant event – over $600 million worth of liquidity will flood the market through token unlocks in January 2024. Aptos (APT), Injective (INJ), and Optimism (OP) lead the pack, with Aptos boasting the largest unlock of $235 million.
Key Highlights:
1. Aptos (APT) Dominates with a $235 Million Unlock:
Aptos is scheduled to unlock 24.84 million APT tokens on January 12, 2024, comprising 8.08% of the circulating supply.
Breakdown of the unlock distribution:
1.33 million tokens for the Foundation ($12.60 million).
11.88 million tokens for core contributors ($112.22 million).
8.42 million tokens for investors ($79.61 million).
3.21 million tokens for the Aptos community ($30.34 million).
📉 Historical Data Insights:
APT's price experienced an 18.72% decline in six days following the December 2023 token unlock.
Similar declines were observed after the November 2023 token unlocks.
2. Final Chapter for Injective (INJ):
96% of the INJ supply has already been unlocked.
The last unlock, set for January 21, 2024, will release 3.67 million INJ tokens, totaling $136.73 million.
Allocation breakdown:
333,330 tokens for advisors ($12.43 million).3.33 million INJ tokens for the team ($124.30 million).
🌐 Market Outlook and Caution:
Token unlocks are expected to increase the circulating supply, potentially impacting prices negatively.
Aptos, Injective, and Optimism are anticipated to be in the spotlight.
Market volatility is further fueled by the SEC's impending decision on Bitcoin exchange-traded funds.
🚀 Stay Informed, Stay Cautious: Follow The Defidraft for Real-time Crypto Insights! 🌐💡
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