Token

2024

Aptos

The second week of May 2024 is shaping up to be quite interesting, as between May 6 and May 12, 2024, massive tokens are poised to unlock. Recently, Token Unlocks, a platform providing tokenomics insights, posted on X (formerly known as Twitter) that during the second week of May 2024, over $132 million worth of tokens are scheduled to unlock. May 2024, tokens unlock update 
In this period, nearly five crypto projects are scheduled to unlock massive tokens, including Aptos (APT), Euler (EUL), Hashflow, and others. However, this isn’t the first time <a href="https://news.todayq.com/40-million-tokens-set-unlock-post-halving-data/" rel="noopener noreferrer nofollow">crypto projects</a> have unlocked their tokens. Earlier in April 2024, nearly a billion worth of tokens were unlocked, as reported by Todayq News.
According toToken Unlocks, the first token scheduled to be unlocked is MAVIA on May 6, 2024, which will release a substantial 7.66 million MAVIA tokens worth nearly $27 million, equivalent to 25.33% of the circulating supply.&nbsp; 
The second token set to unlock is HFT. As per Token Unlocks on May 7, 2024, HFT will unlock a massive 13.63 million tokens valued at over $4 million. This unlocking represents 3.46% of the circulating supply, and to date, HFT’s project has unlocked over 45% of its tokens.&nbsp;
Meanwhile, the last token scheduled for unlocking is APT from the Aptos crypto project. According to data, Aptos will unlock 11.31 million APT tokens worth more than $100 million, equivalent to 2.85% of the circulating supply. The reason why crypto project unlock their tokens 
The primary reason behind this token unlock is to establish a controlled and stable token distribution process while aligning incentives and ensuring the project’s long-term success. Additionally, crypto projects unlock their tokens at regular intervals to gradually distribute tokens, incentivize participation, build community confidence, fund project development, and enforce vesting periods to prevent immediate selling.&nbsp;
However, token unlocking can impact token prices. If a large number of tokens are unlocked and immediately sold, it can lead to a decrease in price due to increased supply. Conversely, if tokens are unlocked gradually and used for project development or held by long-term investors, it can positively influence price stability and growth.

Alert! $132 mln tokens set to unlock next week

Todayq News

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