Token Unlock Schedule This December, Jito, Cardano, and Aptos

Bittime - This December, the crypto world will witness several major token releases from leading projects, which are expected to reach nearly $700 million. Cardano (ADA), Jito (JTO), and Aptos (APT) are at the forefront when it comes to token unlocks, which have the potential to significantly influence market dynamics. 

Given the large numbers involved, you as an investor or market observer may need to pay attention to how this move may affect the price and supply of the respective token.

Cardano (ADA): Released 18.53 Million Tokens on December 4

Cardano, one of the largest blockchains in the world, is scheduled to release 18.53 million ADA tokens on December 4. These tokens have a value of approximately $20 million and will be used to support staking as well as treasury reserves. Even though the number of tokens released is relatively small—only around 0.1% of the total circulating supply—this decision still has a significant impact.

Along with this token unlock, ADA price has experienced a positive trend. In the last week, the price of ADA was recorded to have increased by 8% and even experienced a jump of up to 198% in the last 30 days. 

This is the first time ADA has traded above $1 in more than two years. A relatively small token release, but accompanied by strong price movements, shows that the market is paying close attention to Cardano's every move.

Jito (JTO): Biggest Token Unlock on December 7th

Jito, a Solana-based project known for its performance in improving ecosystem efficiency, will carry out the largest token unlock among these three projects. A total of 135.71 million JTO tokens worth approximately $521 million will be released on December 7. 

These tokens represent more than 100% of the circulating supply and will be distributed to core contributors and investors.

This big release certainly raises concerns about the potential impact on JTO prices. Currently, the JTO price has shown a positive trend, with the last price being around $3.8, after reaching $3.9 in the previous week. 

Even though the price of JTO rose around 4% in the last 24 hours, you as an investor must be prepared to face volatility, considering the large number of tokens that will be in circulation.

Aptos (APT): 11.31 Million Tokens on December 11

Aptos, known for its highly scalable blockchain technology, will release 11.31 million APT tokens on December 11. The tokens, which are worth approximately $153 million, will be allocated for various purposes, including funding for the community, core contributors and investors. These released tokens account for approximately 2% of the total circulating supply.

The release of the APT token is expected to have an impact on the price of the token. As with Cardano and Jito, price volatility can occur as supply increases. However, considering that the volume of tokens released is not as large as Jito's, the impact may not be as harsh as expected.

Another Token Unlock that Rocks the Market

Apart from these three large projects, there are several other projects that are also carrying out token unlocks this December. Even though the amount may not be as big as Jito or Aptos, still, the release of this token will affect the price and overall market sentiment.

For example, Neon (NEON) is scheduled to release 53.91 million tokens on December 7, accounting for nearly 45% of the circulating supply. Polyhedra Network (ZKJ) will also release 17.22 million tokens on December 14, which is equivalent to 28.5% of the total supply. 

Meanwhile, Space ID (ID) will release 78.49 million tokens on December 22, about 18% of the circulating supply. All of these releases add to the tension in the markets, with volatility likely to increase.

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Potential Impact of Token Unlock

Each large token unlock has the potential to cause market volatility, especially when the number of tokens released is large enough. Increased supply in a short period of time often puts pressure on the price of the token, which can drop temporarily due to increased volume. However, this impact is usually temporary and depends on current market conditions.

The most recent example is Celestia's TIA token, which saw its price drop following a major token unlock on October 30. The price of the token fell below $5, but has now recovered and is trading at more than $6. 

This indicates that while token unlocks may depress prices in the short term, the long-term effects largely depend on market sentiment and technology adoption of the project.

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Conclusion

December 2024 is expected to be a dynamic month in the crypto market, with nearly $700 million in tokens set to be released by Cardano, Jito, and Aptos. The release of these tokens has the potential to create volatility, but the long-term effects will depend largely on external factors such as global market conditions and each project's technology adoption.

You as a careful investor must carefully observe how the market reacts to each token unlock and adjust your strategy according to the changes that occur. With the rapid development in the blockchain ecosystem, this December could be a turning point for many projects involved.

FAQ About Token Unlock

What is Token Unlock?

Token unlock is the process where tokens that were previously locked or cannot be traded are finally released for trading on the market.

How Does Token Unlock Affect Token Price?

Token unlocking can cause price fluctuations due to increased token supply. This may temporarily depress prices, but the long-term effects depend on market demand.

Why Do Crypto Projects Do Token Unlocks?

Crypto projects perform token unlocks to provide access to contributors, investors, or communities and to regulate token distribution more fairly in the long term.

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Reference

Ngyuyen, Vivian, Media Crypto Briefing, accessed December 3, 2024.

Binance, Media Binance, accessed December 3, 2024.

Author: MF