November 27, 2023
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January 3, 2024
Seven crypto projects, including Injective and Sui, are set to release new tokens, totaling at least $10 million, into circulation within the next month.
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A total of around $560 million in cryptocurrencies is scheduled to unlock in January 2024, with varying release periods, from 72 hours to tranches across 30 days.
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Aptos plans to unlock 24.8 million APT tokens, valued at approximately $235 million, allocated to the Aptos Foundation, community incentives, core contributors, and investors.
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Over 4% of Injective's circulating supply, worth $137 million, will unlock for advisers and the team by mid-late January.
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Ethereum scaling solution Optimism will unlock 24 million OP tokens, totaling about $87 million, for core contributors and investors.
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Sui's Community Access Program will receive $28 million worth of SUI coins in early January, comprising around 3% of the total circulating supply.
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53 million ID coins, valued at $16.6 million, will be unlocked for strategic sales, airdrops, ecosystem funds, marketing budgets, and the Space ID Foundation.
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Axie Infinity's native token AXS unlocks 3.4 million tokens, worth $31 million, constituting 2.5% of its total supply for staking rewards.
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Yuga Labs' ApeCoin (APE) plans to disburse $26 million in crypto for the company, founders, treasury, contributors, and charity allocations.