This month, Aptos, Avalanche, and Hashflow are poised for significant token unlocks. Aptos will experience the largest token unlock in terms of value, totaling approximately $173 million. On the other hand, Hashflow is expected to undergo the most substantial increase in its circulating supply, nearing 74%.
Notable Token Unlocks for November: Aptos, Avalanche, and Hashflow
In November, a total of $450 million in tokens will be unlocked by various crypto projects. Among these, Aptos is gearing up for the most substantial token unlock. On November 12, Aptos will release 24.8 million APT tokens valued at approximately $172.9 million, which accounts for 10% of its circulating supply.
The distribution of these unlocked tokens will involve around $82.7 million for core contributors, $58.6 million for investors, $22.3 million for the community, and $9.3 million for the Aptos Foundation, as reported by TokenUnlocks.
Notably, after Aptos released 4.5 million APT tokens worth $31.6 million during its October unlock, the token’s price rose by 2% over the following week, climbing from $4.84 to $4.94, as per CoinGecko. Despite a brief network outage last month, APT is currently trading at $6.93, reflecting a 43% increase since the previous unlock, buoyed by favorable market conditions.
APT/USD price chart. Image Source: CoinGecko
Avalanche to Release 9.5 Million AVAX Tokens Worth $107 Million in November
In November, Avalanche, a Layer 1 blockchain, is scheduled to unlock 9.5 million AVAX tokens on November 24. This release represents 2.7% of the circulating supply and is currently valued at $106.9 million.
The allocation of these tokens includes $50.4 million for the project’s team, $25.2 million for strategic partners, $18.7 million for the Avalanche Foundation, and $12.6 million set aside for a potential airdrop. Additionally, there are 100,000 AVAX tokens, worth $1.1 million, released daily for staking rewards.
Following the previous unlock on August 26, which released the same amount of tokens, the price of AVAX dropped by 12.5%, falling from $10.04 to $8.78 within 30 days. Currently, AVAX is trading at $11.15, marking an 11% increase since the last token unlock. This growth coincides with Stars Arena, a competitor to FriendTech, which contributed to increased transaction activity on the Avalanche blockchain.
AVAX/USD price chart. Image Source: CoinGecko
Hashflow Unlocks 74% of Circulating Supply
Multi-chain decentralized exchange Hashflow ranks among the top November token unlocks by value, releasing 160.4 million HFT tokens on November 7, equivalent to approximately $41.3 million. This constitutes 73.9% of Hashflow’s circulating supply, making it the largest token release among crypto projects for the month. The allocation includes $16.1 million for early investors, $12.7 million for ecosystem development, $12.4 million for the core team, and $107,000 for community rewards. Additionally, around $44,000 worth of tokens are being released daily for ecosystem development and community rewards.
In the previous month, Hashflow released 3.2 million HFT tokens ($830,000), resulting in a 34% decline in token price within two weeks before experiencing a recovery. As of now, HFT is trading at $0.26, reflecting a 19% decrease since the last token unlock.
HFT/USD price chart. Image Source: CoinGecko
In November, several other noteworthy token unlocks include Optimism ($33.3 million), ApeCoin ($20.8 million), and Sui ($15.5 million).
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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