Aptos (APT) will unlock $99.3 million in tokens this week, part of a broader trend of more than $451 million in tokens issued between October 8 and October 14, 2024.
This unlock represents 2.25% of Aptos' circulation volume, while other notable unlocks, including Optimism (OP), TAIKO, XAI and #Cardano (ADA), range from 0.05% to 15.62% of supply.
This will have a significant impact on the market as investors and traders keep an eye on price movements as some projects, such as Cardano and Dogecoin, release more of their supply.
This week, #Aptos (APT) will issue about $99.3 million worth of tokens, and according to TokenUnlocks, this issuance is part of a broader trend, with more than $451 million worth of tokens expected to be issued between October 8 and October 14, 2024.
This represents 2.25% of the total number of tokens in circulation, making this a key moment for Aptos. Aptos is not alone in the #token unlocking wave: following Aptos is Optimism (OP) with 12.47 million tokens (valued at $21.08 million) to be unlocked; TAIKO is also on the list with 12 million tokens (valued at $19.8 million); the Aptos token market is expected to grow by more than 50% over the next five years.
The XAI with 35.88 million tokens (valued at $7.23 million) and Cardano (ADA) with 18.53 million tokens (valued at $6.5 million) are also noteworthy and are scheduled to be unlocked. These unlocks represent various percentages of the respective revolving fund, ranging from 0.05% for #ADA to 15.62% for TAIKO.
Aptos will unlock $99 million worth of tokens this week, how will this affect prices?
Several projects will be conducting linear token issuances along with unlocking cliffs. Topping the list is Solana (SOL), which will issue 524.03k tokens worth $78.57 million. This represents just 0.11% of the total supply in circulation. Next.
Worldcoin (WLD) will issue 37.23 million tokens worth $74.45 million, equivalent to 7.32% of the total supply in circulation.
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