Weekly Token Unlock Preview: APT unlocks US$200 million, 6 project unlocks are worth paying attention to
Organize - Odaily
Editor - Loopy Lu
Next week, 5 projects will usher in token unlocking events. Including Aptos, CyberConnect, 1inch, Flow, ApeCoin, MoonBeam, etc.
Aptos APT token will usher in a large-scale unlocking of US$200 million, and APE will also reach a scale of tens of millions of US dollars.
The specific unlocking details are as follows:
Large amount unlocked
Aptos
Project official website:https://aptoslabs.com/
Official Twitter:https://twitter.com/Aptos_Network
Number of unlocked coins this time: 24.82 million
Amount unlocked this time: (approximately) US$206 million
Aptos is one of the two major public chains in the Move series. 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.
In this unlock, the amount of APT unlocked was huge, with the amount unlocked exceeding US$200 million. It was the largest single unlock since this column was updated.
From the perspective of unlocking ownership, among the tokens unlocked this time, 11.88 million APT worth approximately US$100 million will belong to core contributors. 8.42 million APT worth approximately $69 million will belong to investors. 3.21 million tokens worth $26 million belong to the community. 1.33 million tokens worth approximately $11 million will vest in the foundation.
From the perspective of circulation, the current APT circulation is low, and the vast majority of APTs are still locked. Therefore, the tokens unlocked this time are quite considerable, both in terms of absolute amount and relative share.
Although the amount of US$200 million sounds quite large, it does not seem to be an amount that is too large to be digested by the current hot encryption market.
Coingecko data shows that the 24-hour trading volume of APT tokens is approximately US$150 million. $200 million was just over a day’s worth of trading.
The amount unlocked by APT this time exceeds US$200 million, a figure worthy of investors’ attention. Even from the perspective of unlocking history, large amounts were unlocked every month before, but the number unlocked this time far exceeds previous history.
ApeCoin
Project official website:https://apecoin.com/
Official Twitter:https://instagram.com/apecoindao
Quantity unlocked this time: 15.6 million
Amount unlocked this time: (approximately) US$28.55 million
ApeCoin (APE) is the governance and utility token of the APE ecosystem, with a total supply of 1 billion coins. The project is controlled and established by the community, and the ApeCoin DAO is its governance organization, allowing all APE holders to vote on governance decisions. In addition to DAO, Yuga also established the APE Foundation as the legal supervisor of DAO. The Foundation Board of Directors consists of 5 members. When this token was initially issued, a large number of APE tokens were airdropped to BAYC holders.
Recently, the news of APE’s chain launch has also triggered heated discussions in the community. APE has the potential to issue its own branded blockchain network.
Judging from the unlocking history, APE has experienced the three largest token unlocks in history. The number of unlocks has now stabilized.
Despite this, if we compare other projects horizontally, the unlocking scale exceeding 4.2% of the circulating supply is still a large unlocking worthy of attention.
Currently, approximately 43% of APE tokens are still locked, waiting to be unlocked in the future. The scale of this unlocking deserves the attention of investors.
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$8.53 million
CyberConnect is a multi-chain decentralized social graph protocol currently deployed on the 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.
Judging from the lock-up situation, most CYBER is currently still locked, and only 15% of the total supply of tokens is circulating in the market.
The reason why the circulating supply is so small is that CYBER is still a young token, and CYBER was only launched on the Binance Launchpool in August this year.
This week, CYBER will also see a large amount unlocked. This time, 1.26 million tokens were unlocked. From the perspective of circulation, this scale accounts for more than 8% of the circulation, and the unlocking scale is huge.
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.
This large amount unlocked a scale of more than $8.5 million, but if the 24-hour trading volume is used as a reference, this data is only less than half of the one-day trading volume. Coingecko data shows that CYBER’s trading volume in the past 24 days has been approximately $21 million.
General unlock
In addition to the above-mentioned large-amount unlocks, multiple tokens will also receive regular unlocks, including 1INCH, FLOW, GLMR, etc.
1INCH is still continuing to unlock small amounts of less than 0.01% of the circulation every week. The unlocking amount of FLOW is less than 1% and the unlocking amount of GLMR is less than 2%.
