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December Brings in Whopping $334 Million Worth of Token Unlocks – Aptos (APT), Optimism (OP), 1inch Lead Way

2 mins
Updated by Geraint Price
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In Brief

  • Nearly $334 million worth of tokens from Aptos, Optimism, and 1inch will be unlocked in December 2023, adding potential selling pressure.
  • Aptos is set to unlock the highest amount, with $175 million worth of APT tokens, consisting of 8.95% of the circulating supply.
  • Optimism (OP) will unlock 24.16 million tokens worth $41.31 million, with allocation for core contributors and investors.
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Nearly $334 million worth of tokens will be unlocked in December, with. Aptos, Optimism, and 1inch introducing a significant amount of new tokens.

December has begun, marking the start of the holiday season. However, token unlocks show no intention of taking a break, even during the last month of the year.

December Kicks Off With $34 Million 1Inch Token Unlock

According to TokenUnlocks, the decentralized exchange (DEX) aggregator 1inch is set to release tokens constituting approximately 9.48% of its total circulating supply. Within one hour of publication of the press release, a total of 98.74 million 1INCH tokens, with a value of $33.97 million, will be introduced into circulation.

The project’s team, investors, and venture capitalists (VCs) are the beneficiaries of this token unlock.

Read more: Crypto Hedge Funds: What Are They and How Do They Work?

1Inch Token Unlocks.
1Inch Token Unlocks. Source: TokenUnlocks

Aptos (APT) to Release $175 Million Worth of APT Tokens

At least 25 projects have scheduled token unlocks in December. However, as of writing, the data shows that Aptos’ $175 million unlock is the highest compared to other projects’ token unlocks.

In addition to this, the project will unlock 24.84 million APT tokens, which notably consist of 8.95% of the circulating supply, on the upcoming date of Dec. 12.

Lastly, the screenshot below shows that there are four beneficiaries of Aptos’ token unlocks:

  • 1.33 million tokens worth $9.40 million for the Foundation.
  • 11.88 million tokens worth $83.72 million for the core contributors.
  • 8.42 million tokens worth $59.39 million for the investors.
  • 3.21 million tokens worth $22.63 million for the Aptos community.
Aptos Token Unlock
Aptos Token Unlock. Source: TokenUnlocks

Interestingly, Aptos’ previous unlock occurred on Nov. 12, during which the project released the exact same amount of tokens. The screenshot below shows that APT is down by around 16% since Nov. 12.

APT/USDT price Binance.
APT/USDT, Binance. Source: TradingView

Optimism (OP) Will Unlock 24.16 Million Tokens for Core Contributors And Investors

Last, but not least, Optimism will unlock 24.16 million tokens worth $41.31 million on Dec. 30. The 2.74% supply will be unlocked for core contributors and investors through the following allocation:

  • 12.75 million tokens worth $21.80 million for the core contributors.
  • 11.41 million tokens worth $19.51 million for the investors.

Read more: What Is Optimism?

Optimism Token Unlock
Optimism Token Unlock. Source: TokenUnlocks

Do you have anything to say about December token unlocks or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

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Harsh Notariya
Harsh Notariya is a journalist at BeInCrypto, who writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created educational reports on...