In the coming weeks, several cryptocurrency projects are set to release significant quantities of tokens. TokenUnlocks data provides insights into the most noteworthy token unlocks and airdrops scheduled for December.
Taking the lead is the decentralized exchange dYdX, slated to unlock 150 million tokens, equivalent to 30% of the total allocated to investors, founders, and past/future employees, on December 1 at midnight UTC. The current market value of these tokens is estimated at $500 million, based on The Block‘s pricing data.
dYdX experienced a notable surge in its token price following the announcement on January 25 that the originally planned unlock in February would be postponed to December. Recently, the exchange faced a $9 million setback to its insurance fund in what the CEO referred to as a “targeted attack.”
In the upcoming week, two other projects with significant token unlocks are Optimism, set to release 32.21 million tokens valued at $58 million on November 29, and 1inch, unlocking 98.74 million tokens worth $34.5 million on December 1, according to TokenUnlocks.
Additional noteworthy token unlocks include Aptos, releasing 24.84 million tokens valued at $180 million on December 12, and ApeCoin, unlocking 15.16 million tokens with a market value of $25 million on December 16, as per TokenUnlocks and The Block’s pricing data.
On the airdrop front, Jupiter, the DEX aggregator on Solana, announced today the upcoming activation of the claim page for its airdrop, allowing users to verify their token allocation. The exchange also provided details on how it adjusted the allocation to address issues related to bot activity and power users with multiple wallets.
Project | Token Unlock Date | Token Amount (Millions) | Estimated Value (USD) |
---|---|---|---|
dYdX | Dec. 1 | 150 | $500 million |
Optimism | Nov. 29 | 32.21 | $58 million |
1inch | Dec. 1 | 98.74 | $34.5 million |
Aptos | Dec. 12 | 24.84 | $180 million |
ApeCoin | Dec. 16 | 15.16 | $25 million |
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