Aptos Token Unlock
November is witnessing a wave of token unlocks from leading crypto projects, including Aptos, Avalanche, and Hashflow. Aptos, a layer-1 blockchain project led by former Meta executives, is set to witness the most substantial token unlock in terms of value. On November 12, Aptos will release 24.8 million APT tokens, equivalent to 10% of its circulating supply, valued at around $173 million. The distribution includes $82.7 million for core contributors, $58.6 million for investors, $22.3 million for the community, and $9.3 million for the Aptos Foundation. This follows a smaller token release of 4.5 million APT tokens in October.
Avalanche Token Unlock
Avalanche, another prominent crypto project, is also preparing for a significant token unlock. On November 24, 9.5 million of its native AVAX tokens will be released, representing 2.7% of the circulating supply and a total value of close to $107 million. The distribution includes $50.4 million for the project’s team, $25.2 million for partners, $18.7 million for the Avalanche Foundation, and $12.6 million earmarked for a potential airdrop.
Hashflow Token Unlock
Hashflow, a decentralized exchange (DEX) operating across multiple blockchains, is also part of this wave of token unlocks. On November 7, it will release 160.4 million HFT tokens, constituting nearly 80% of its circulating supply with a value of approximately $41.3 million. Early investors will receive around $16.1 million, while $12.7 million is allocated for ecosystem development, $12.4 million for the core team, and $107,000 for community rewards. Additionally, approximately $44,000 worth of HFT tokens is released daily for further ecosystem development and rewards paid out to community members.
These token unlocks, along with several smaller releases from other projects, will amount to roughly $450 million worth of crypto tokens being made available in November. The significance of these token unlocks has put the crypto community on high alert, as they have the potential to cause price fluctuations. However, the current bullish market conditions, with major coins like Bitcoin (BTC) and Ether (ETH) experiencing significant price increases, may attenuate the impact of these token unlocks.
