Noteworthy Token Unlock Events in December 2023

The final month of 2023 witnesses several token unlock events, with the most notable being DYDX at approximately $500 million and APT at around $176 million.

Noteworthy Token Unlock Events in December 2023

According to data from Token Unlocks, the cryptocurrency market in December is set to see approximately $760 million worth of tokens released into circulation, nearly double the previous month's volume. Among these, DYDX and APT stand out with token values reaching hundreds of millions of dollars.

DYDX Unlocks 30% of Total Supply

On December 1st, the derivatives exchange DYDX will unlock 150 million tokens, equivalent to 30% of its total supply. These tokens are allocated to investors and the project team.

With DYDX trading around $3.4 USD at the time of reporting, the upcoming unlock is valued at nearly $500 million. This figure, though significant, was anticipated by the community, as the project previously announced the token unlock schedule:

• 30% on December 1, 2023
• 40% evenly distributed each first day of the month from January 1, 2024, to June 1, 2024
• 20% evenly distributed each first day of the month from July 1, 2024, to June 1, 2025
• 10% evenly distributed each first day of the month from July 1, 2025, to June 1, 2026

Other Notable Unlock Events

• December 1: ImmutableX (IMX) unlocks 1.25 million tokens (0.1% of circulating supply), valued at $1.61 million.
• December 1: Acala (ACA) unlocks 27.43 million tokens (3.31% of circulating supply), valued at $1.61 million.
• December 1: 1inch (1INCH) unlocks 98.74 million tokens (9.48% of circulating supply), valued at $34 million.
• December 5: Galxe (GAL) unlocks 2 million tokens (2.26% of circulating supply), valued at $2.82 million.
• December 7: Hashflow (HFT) unlocks 13.63 million tokens (5.83% of circulating supply), valued at $4.14 million.
• December 12: Aptos (APT) unlocks 24.85 million tokens (8.98% of circulating supply), valued at $176.88 million.
• December 15: CyberConnect (CYBER) unlocks 1.26 million tokens (8.51% of circulating supply), valued at $7.63 million.
• December 16: Flow (FLOW) unlocks 2.6 million tokens (0.18% of circulating supply), valued at $1.73 million.
• December 17: ApeCoin (APE) unlocks 15.6 million tokens (4.23% of circulating supply), valued at $25.12 million.
• December 22: SPACE ID (ID) unlocks 18.47 million tokens (6.46% of circulating supply), valued at $4.59 million.

Other Unlock Events

• December 1: StepN (GMT): $963,000
• December 1: Maverick Protocol (MAV): $83,000
• December 3: Tornado Cash (TORN): $84,000
• December 5: Liquidity (LQTY): $907,000
• December 7: Moonbeam (GLMR): $864,000
• December 7: Euler (EUL): $392,000
• December 9: GMX (GMX): $20,180
• December 17: OKT Chain (OKT): $19,670
• December 19: yearn.finance (YFI): $2,110
• December 20: Frax Share (FXS): $36,780
• December 28: Cartesi (CTSI): $21,130

These token unlock events are significant milestones for the respective projects, impacting market dynamics and investor sentiment as tokens enter circulation.