Weekly Token Unlocking Preview: Monster Coin CYBER Unlocked in Large Amounts, APT Unlocked Over 23 Million US Dollars
Organize - Odaily
Editor - Loopy
This week, 6 projects will have their tokens unlocked, among which 1INCH is unlocking negligibly small amounts as always (the amount unlocked is less than 0.1% of the circulation).
In this week’s unlock, APTOS will conduct a large unlock of more than 20 million US dollars. This is also the largest unlock among the tokens unlocked this week.
It is also worth noting that the unlocking of CYBER, CYBER just completed TGE in August, and this unlocking is also the second token unlocking of CYBER.
In addition, projects such as GLMR, EUL, and SWEAT will also be unlocked.
Large amount unlocked
CyberConnect
Project official website:https://cyberconnect.me/
Official Twitter:https://twitter.com/CyberConnectHQ
Quantity unlocked this time: 1.26 million
Amount unlocked this time: (approximately) US$6.24 million
CyberConnect is a multi-chain decentralized social graph protocol currently deployed on Ethereum mainnet, Polygon, Solana and BNB Chain. The protocol aims to create opportunities for developers to create social applications and a platform where users can have their own digital identity, content, connections and tokenized channels.
CYBER is a very “young” token. On August 15, the project was launched on Binance Launchpool. Since its launch, CYBER has been surrounded by controversy and has been dubbed the demon coin. CYBER once hit a maximum price of $36 on South Koreas CEX, a premium of up to 120% compared to other mainstream trading platforms. Subsequently, the Oolong Finger governance proposal was passed at lightning speed of 12 hours - unlocking a super-circulating number of tokens. At one time, the leading market maker DWF appeared.
This week, CYBER will also see a large amount unlocked. This time, 126 tokens were unlocked. This data has exceeded 11% of the circulating supply, and the number of unlocks is terrifying.
CYBER is a low-circulation token. Currently, 88% of the total tokens are locked, waiting to be released in the future.
CYBER token economics shows that the total number of CYBER is 100 million, of which 9% is used for community rewards, 34% is used for ecological development, 25.12% is allocated to private investors, 15% is allocated to teams and consultants, and 10.88% is included in community finance. library. The CoinList Public Sale and Binance Launchpool will allocate 3% of tokens each.
With this large-amount unlocking, will CYBER allow us to witness some unexpected situations?
Sweat Economy
Project official website:https://sweateconomy.com/
Official Twitter:https://twitter.com/SweatEconomy
Number of unlocked coins this time: 227 million
Amount unlocked this time: (approximately) US$2.34 million
Sweatcoin App is a Web3 sports application. The product is designed to inspire healthier living by rewarding users for their daily physical activity.
SWEAT is also a sports sector token, similar to Stepn. This track is too old. The token is native to the Near blockchain and can be traded on top of Ethereum or other blockchains via a bridge.
A total of more than 2 million US dollars will be unlocked this time, and about half (1.16 million US dollars, 128 million) of SWEAT tokens will belong to the SWEAT team.
But judging from the unlocking history, the unlocking curve of this project is extremely regular. There will be a token unlock of similar size every month.
Aptos
Project official website:https://aptoslabs.com/
Official Twitter:https://twitter.com/Aptos_Network
Number of unlocked coins this time: 4.54 million
Amount unlocked this time: (approximately) US$23.58 million
Aptos is one of the two Move-based public chains that has attracted much attention for some time. This new Layer 1, supported by Facebook’s background and technology, has attracted the attention of big capital. The chain aims to provide users with a next-generation PoS public chain with good performance and higher TPS, in order to support the popularity of blockchain at the application layer and welcome billions of users in the crypto world.
From the perspective of circulation, the amount of tokens unlocked this time is still quite considerable. Although it is far lower than the more than 10% of APE, the figure accounting for more than 2% of the circulation is still worthy of peoples attention.
APT Tokenomics shows that currently, a whopping 82% of tokens are still locked, with only 18% in circulation.
The amount unlocked by APT this time is approximately US$23 million, which deserves the attention of investors. If compared with the transaction volume, CoinGecko data shows that APT’s 24-hour transaction volume is approximately US$59.9 million.
However, judging from the unlocking history, APT has previously unlocked tokens of similar magnitude every month. This also allows investors to have sufficient historical data for reference.
MoonBeam
Project official website:https://moonbeam.network/
Official Twitter:https://twitter.com/MoonbeamNetwork
Number of unlocked coins this time: 9.68 million
Amount unlocked this time: (approximately) US$1.97 million
MoonBeam is the EVM network of the Polkadot ecosystem. Compared with more new projects such as Aptos and ApeCoin, the MoonBeam project is more old and its release is more comprehensive. At present, the vast majority of tokens have entered circulation.
For this time alone, the amount unlocked this time only accounts for 1.34% of the total circulation. Although this number is not as significant as the number of APT and APE unlocks, it still deserves our full attention.
The market always prefers more to newer cryptocurrencies, GLMR is older and less popular. CoinGecko data shows its 24-hour trading volume is just $1.3 million. Although the amount unlocked this time is only US$1.75 million, it is far lower than APE and APT. But compared with the trading volume, it is 1.35 times the daily trading volume.
Judging from the overall unlocking progress, GLMR has begun to steadily and slowly gradually unlock small amounts. However, if all the unlocked amounts are sold, the market liquidity may not be able to withstand such a large-scale selling pressure. This unlocking is worthy of attracting the attention of investors and capturing potential trading opportunities or position risks in a timely manner.
