Key Takeaways
- Cardano, Jito, and Aptos are expected to launch approximately $700 million worth of tokens in December.
- Jito’s launch is the largest yet, with 135.71 million JTO tokens scheduled for December 7th.
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Several cryptocurrency projects are planning to launch tokens in December, with Cardano (ADA), Jito (JTO), and Aptos (APT) set to unlock approximately $700 million in tokens, according to data from Tokenomist.
18.53 million ADA tokens
Cardano plans to release 18.53 million ADA tokens, worth about $20 million, on December 4. Tokens representing less than 0.1% of the circulating supply are used for staking and treasury reserves.
ADA rose 8% last week and surged 198% in 30 days, trading above $1 for the first time in more than two years, according to CoinGecko data.
JTO tokens 135.71 million
Solana-based Jito plans to unlock 135.71 million JTO tokens, worth approximately $521 million, on December 7. The release, representing approximately 103% of the circulating supply, will be distributed to core contributors and investors.
JTO reached $3.9 during the week and is currently trading at $3.8, up 4% in 24 hours.
11.31 million APT tokens
Aptos plans to unlock 11.31 million APT tokens on December 11, worth about $153 million at current prices. Tokens equivalent to approximately 2% of the circulating supply will be distributed to the foundation, community, core contributors and investors.
Unlock other important tokens
NEON is scheduled to unlock 53.91 million tokens on December 7th, representing approximately 45% of its circulating supply.
On December 14, Polyhedra Network (ZKJ) will release 17.22 million ZKJ tokens, equivalent to approximately 28.5% of the circulating supply.
Space ID (ID) will unlock 78.49 million ID tokens on December 22nd, representing approximately 18% of the circulating supply.
Unlocking tokens often increases market volatility, especially when large quantities of tokens are released.
For example, Celestia’s TIA token fell to less than $5 after unlocking $1 billion worth of tokens on October 30th. However, it has recently rebounded, surpassing $6 last week and is currently trading around $8.
Unlocking tokens may cause immediate supply pressure and volatility, but the long-term impact will largely depend on market conditions.
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