Token

1inch Network

Aptos

Galxe

<h4>Token unlocks are one of the events we look forward to each month. And that’s because unlocking new tokens can cause price volatility and impact market sentiment. November was a pretty busy month with about $450 million in unlocked tokens. But December is even busier. About $750 million worth of tokens will be released in December.</h4> 
In today’s article, I’m going to show you some of the biggest crypto unlocks for December. Let’s get straight to it. 
<h5>1) DYDX</h5> 
DYDX has the biggest unlock for December. DYDX plans to flood the market with around 150 million tokens. The valuation is at almost $500 million. The release is <a href="https://token.unlocks.app/dydx" target="_blank" rel="noopener">scheduled</a> for December 1st. It represents 83.21% of its circulating supply and 15% of the total supply. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 As almost everyone on ct knows biggest <a href="https://twitter.com/search?q=%24dydx&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$dydx</a> unlock is coming in the upcoming days, but there is a big twist. Those tokens will be unlocked on dydx chain which is not supported by any cex yet. (Ethereum to dydx chain bridge is one way and cant be converted back to erc-20) <a href="https://t.co/0ltqxc3ogT">pic.twitter.com/0ltqxc3ogT</a> 
 — KGJR (@KGJRTG) <a href="https://twitter.com/KGJRTG/status/1727285563215237568?ref_src=twsrc%5Etfw">November 22, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
That’s TOMORROW <a href="https://www.coingecko.com/en/coins/dydx-ethdydx" target="_blank" rel="noopener">dydx holders</a>. The token unlock was originally planned for January 2023. However, the team rescheduled the unlock due to bear market conditions. Here’s what the allocation looks like: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Investors: $276.19m</li> 
 <li style="font-weight: 400;" aria-level="1">Founders, Employees, Advisors, and Consultants: $152.09m</li> 
 <li style="font-weight: 400;" aria-level="1">Future employees: $69.72m</li> 
</ul> 
Looking ahead to 2024, DYDX will start a monthly unlocking pattern. We expect the team to unlock around 34 million DYDX tokens for the first six months. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 8/ Whale"0x2A25" deposited all 1.5M <a href="https://twitter.com/search?q=%24DYDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DYDX</a>($5.08M) received from dYdX: DYDX Distributor to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> 6 days ago.<a href="https://t.co/fS0rFOKZkG">https://t.co/fS0rFOKZkG</a> <a href="https://t.co/2EjSaxPKnl">pic.twitter.com/2EjSaxPKnl</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1728980456396501105?ref_src=twsrc%5Etfw">November 27, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
An unlock as huge as this traditionally has bearish consequences. On-chain activities show that whales are already moving DYDX to exchanges for withdrawal. This increases selling pressure around the token. 
<h5>2) 1inch</h5> 
1inch Network will <a href="https://token.unlocks.app/1inch" target="_blank" rel="noopener">unlock</a> about 6.58% of its total token supply on December 1st. This release is equivalent to $33.7 million of its <a href="https://www.coingecko.com/en/coins/1inch" target="_blank" rel="noopener">circulating supply</a>.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"> Exciting times for $1INCH <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> This month, $1INCH (worth $34.17M) will unlock from the Team/Investor/VC. 
 Based on the Cumulative Chart, from the previous unlock, 26.1M $1INCH (worth $9.29M) is still UNCLAIMED <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> Unlock insights with our Pro feature – Post-Unlock… <a href="https://t.co/fDSANNuNCo">pic.twitter.com/fDSANNuNCo</a> 
 — Token Unlocks (@Token_Unlocks) <a href="https://twitter.com/Token_Unlocks/status/1729093713140568392?ref_src=twsrc%5Etfw">November 27, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
In terms of the allocation, the team, investors, and VC will receive $33.44m.&nbsp;1Inch is down 4.73% in the past 7 days. The token unlock could possibly cause a further price slump 
<h5>3) SUI</h5> 
Decentralized layer 1 chain SUI is set for <a href="https://token.unlocks.app/sui" target="_blank" rel="noopener">another unlock</a> on December 3rd. This time around, the team will release 40 m SUI tokens worth around $24.61 million. December’s unlock represents 4.24% of its circulating supply. Here’s how it is allocated: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The Community Access Program will receive 34.62m SUI (3.58% Cir. Supply) or $20.82 million.</li> 
</ul> 
<a href="https://www.coingecko.com/en/coins/sui" target="_blank" rel="noopener">SUI</a> has had a 2.35% price increase in the past 7 days. But as the unlock approaches, we could see the price decline.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 ◢ <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SUI</a> – <a href="https://twitter.com/SuiNetwork?ref_src=twsrc%5Etfw">@SuiNetwork</a> – $40.6M – December 03 
 ➜ Despite the recent significant unlock of $152M on November 3, the price did not react. As I suspected, investors remain interested in the project. 
 This suggests that the chain will continue to grow and develop. FUD surrounding… <a href="https://t.co/Wv9rClJ0Qh">pic.twitter.com/Wv9rClJ0Qh</a> 
 — AlΞx Wacy <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@wacy_time1) <a href="https://twitter.com/wacy_time1/status/1729900101345157232?ref_src=twsrc%5Etfw">November 29, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The upcoming SUI token unlocks will likely affect both short-term trends and long-term prospects. There could be selling pressure around SUI. But, the project has solid fundamentals. And this points to a promising trajectory for SUI’s future growth.&nbsp; 
We advise market players to pay close attention to the technical indications. And prepare for any price swings in SUI in the coming weeks. 
<h5>4) Aptos</h5> 
Aptos has a <a href="https://token.unlocks.app/aptos" target="_blank" rel="noopener">huge token unlock</a> coming up on December 12th. The project will release 24.8 million APT tokens. This represents 8.96% of its circulating supply or $172.9 million.&nbsp; 
Aptos is a public blockchain focused on delivering high throughput. And strong security for smart contracts developed using the Move programming language. December’s unlock has 4 allocations: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The foundation will receive 1.33M <a href="https://www.coingecko.com/en/coins/aptos" target="_blank" rel="noopener">APT tokens</a> valued at $9.28 million.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Core contributors will receive 11.88 million APT valued at $82.65M</li> 
 <li style="font-weight: 400;" aria-level="1">Investors will receive an allocation of 8.42 million APT tokens.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Community: Receives 3.21 million APT tokens or 22.34 million.</li> 
</ul> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Token Unlock Highlights in December 2023: 
 – Dec 1 – ImmutableX (IMX): 1.25M | Acala (ACA): 27.43M | 1inch (1INCH): 98.74M tokens 
 – Dec 5 – Galxe (GAL): 2M tokens 
 – Dec 7 – Hashflow (HFT): 13.63M tokens 
 – Dec 12 – Aptos (APT): 24.85M tokens 
 – Dec 15 – CyberConnect (CYBER):… 
 — QSD (@QSD9999) <a href="https://twitter.com/QSD9999/status/1730027683122131167?ref_src=twsrc%5Etfw">November 30, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The last APT token unlocks occurred on November 12. Aptos traded around $8.13 at the time. But the token unlock caused a price slump. APT currently trades at $6.96. The upcoming unlock could cause more damage to the price.&nbsp; 
<h5>Conclusions</h5> 
The upcoming token unlocks in December could be challenging for market participants. They can also present opportunities for some. So, we advise you to stay well-informed on these <a href="https://www.altcoinbuzz.io/?s=gems" target="_blank" rel="noopener">projects</a> in the coming days. Also, monitoring market trends and embracing diversification could be a good strategy.&nbsp; 
Experts say the broader crypto community has a bullish sentiment. The fear and greed index shows that investors are strongly interested in the market. So, the long-term impact of these unlocks could be limited 
<a href="http://www.patreon.com/altcoinbuzz"><img decoding="async" class="alignnone wp-image-123701 size-large" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg" sizes="(max-width: 696px) 100vw, 696px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w" alt="" width="696" height="86"></a> 
<div class="youtube-embed" data-video_id="sXUzLLZqpww">
 <iframe title="MASSIVE Crypto Unlocks 👀" width="696" height="392" src="https://www.youtube.com/embed/sXUzLLZqpww?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div> 
Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/top-4-massive-crypto-unlocks-in-december-2023/">Top 4 MASSIVE Crypto Unlocks in December 2023</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Top 4 MASSIVE Crypto Unlocks in December 2023

Altcoin Buzz

Other articles published on Dec 1, 2023

SBF Trial: Bankman Fried Chooses Not to File Post-Trial Motions

Miami group leader bags jail term for cryptocurrency fraud

Shibarium Going Wild, Adds Astonishing Two Million Transactions in Past 12 Hours

Unleashing the 5IRE Revolution: Your Guide to the Bybit Launchpad 3.0

How Will Bitcoin Supply Dynamics Affect BTC Price in 2024? Grayscale Report!

Fidelity’s Ethereum ETF draws SEC attention for public review

Join our free newsletter for daily crypto updates!