One-week token unlocking notice: HFT and APT both ushered in the largest unlocking in history

Organize - Odaily

Editor - Loopy

Only 5 well-known projects will have token unlock events next week. Includes GLMR, HFT, EUL, 1INCH, APT.

Although there are fewer unlocked items, the only two large unlocks deserve special attention from investors. Both HFT and APT will usher in “historic” unlocking events.

Among them, HFT will usher in the largest single unlock in its entire life cycle. APT is also facing its largest single unlock since the Genesis event. Whether looking at the unlocked amount or the unlocked share, the token unlocking event next week is particularly worthy of attention.

The specific unlocking details are as follows:

Hashflow

Project official website:https://www.hashflow.com/

Official Twitter:https://twitter.com/hashflow

Quantity unlocked this time: 160 million

Amount unlocked this time: (approximately) US$42.09 million

Hashflow is a decentralized exchange designed to enable zero-slippage and MEV-protected trading. Hashflow is currently available on multiple chains such as Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum and Optimism; by introducing professional market makers to manage liquidity, it provides better transaction prices and smaller slippage.

This unlock of HFT token is the tokenThe largest single unlock in the entire life cycle, the huge scale of unlocking deserves everyone’s attention.

Judging from the unlocking history, HFT tokens have previously been unlocked linearly in an orderly manner, and there will be an unlock of a similar scale every month. So far, 26% of the total supply of HFT has entered circulation, with 74% of the tokens still waiting to be unlocked.

The tokens belonging to the team, early investors, market makers, and future employees are the reason for this large amount of unlocking. 75% of the tokens of these four will be released linearly over 36 months, unlocked once a month. But the remaining 25% will be released in one go one year after the token is released (i.e. next week). Therefore, this triggered a huge unlocking with a release volume close to the circulating supply.

The 160 million tokens unlocked this time account for approximately 73% of the circulating supply, which also means that the HFT circulating supply has nearly doubled overnight.

This unlock is the largest single unlock in the history of HFTs entire life cycle. No unlock of the same scale will be repeated before or in the future. This unlocking may impact the market trend, and investors should seize trading opportunities in a timely manner or avoid related risks.

Aptos

Project official website:https://aptoslabs.com/

Official Twitter:https://twitter.com/Aptos_Network

Number of unlocked coins this time: 24.84 million

Amount unlocked this time: (approximately) US$175 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, although the amount of APT unlocked is far lower than the special case of HFT, the unlocking that accounts for 10% of the circulation is still an uncommon large unlock.

The Aptos project has a large market value, and the tokens unlocked this time are also as high as approximately US$175 million.

Judging from the unlocking history, APT was previously unlocked on a monthly basis, and the unlocking scale was similar every month. After this unlocking, the monthly unlocking scale will change.

Therefore, this APT unlock is also the largest single unlock so far.

APT’s unlocking of more than $170 million this time deserves the attention of investors. If compared with the transaction volume, CoinGecko data shows that APT’s 24-hour transaction volume is approximately US$75 million.

General unlock

Except for the two historically large unlocks of HFT and APT, the unlocked amounts of other tokens next week will be less than 1% of the circulating supply. Including Polkadot ecosystem Moonbeam token GLMR, DeFi project Euler token EUL, veteran DEX project 1inch token 1INCH, etc.