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3 Token Unlocks to Watch Next Week

3 Token Unlocks to Watch Next Week

BeInCryptoBeInCrypto2024/12/08 05:00
By:Daria Krasnova

Major token unlock events are scheduled next week for Aptos, Starknet and other projects, releasing previously blocked tokens under fundraising terms. These events can lead to price volatility based on market conditions and investor reactions.

Token unlocks release tokens previously restricted under fundraising agreements. Projects strategically plan these releases to reduce market pressure and maintain token prices.

Watch for these three major token unlocks happening next week.

Aptos (APT)

  • Unlock date: December 11
  • Number of tokens unlocked: 11.31 million APT
  • Current circulating supply: 535.76 million APT

Aptos operates as a Layer-1 blockchain built to deliver a secure and scalable foundation for decentralized applications. Prioritizing security and performance, it leverages advanced technologies to improve the blockchain experience.While widely regarded as a successful blockchain project, Aptos has drawn criticism for its venture capital-driven tokenomics.

3 Token Unlocks to Watch Next Week image 0APT Unlock. Source:  Tokenomist

Starknet (STRK)

  • Unlock date: December 15
  • Number of tokens unlocked: 64 million STRK
  • Current circulating supply: 2.25 billion STRK

Starknet is building a ZK-Rollup Layer-2 solution to enhance the scalability of decentralized applications on Ethereum. After completing a successful funding round, the team launched the STRK token, a key element in decentralizing the network.

On December 15, the project will unlock 64 million STRK tokens, allocating them to investors and early contributors.

3 Token Unlocks to Watch Next Week image 1STRK Unlock. Source:  Tokenomist

Sei (SEI)

  • Unlock date: December 15
  • Number of tokens unlocked: 55.56 million SEI
  • Current circulating supply: 3.98 billion SEI

SEI is a blockchain platform built to deliver high-performance infrastructure for decentralized finance (DeFi) and other decentralized applications (dApps). Developed on the Cosmos SDK, SEI functions as a Layer-1 blockchain, emphasizing speed, scalability, and user-focused features.

On December 15, the project plans to release over 55 million SEI tokens allocated to its team members.

3 Token Unlocks to Watch Next Week image 2SEI Unlock. Source: Tokenomist

Next week’s cliff token unlocks will also include Cardano (ADA), Ethena (ENA), and Axie Infinity (AXS), among others, with a total combined value exceeding $740 million.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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