$560m worth of crypto tokens to unlock this month
Seven crypto currency projects, including Injective and Sui, will release new token s worth at least $10 million into their circulating supply within the next month . In total, around $560 million in cryptocurrencies are scheduled to unlock in January 2024, according to a TokenUnlocks dashboard. The unlocks will happen over varying periods, with some releases occurring within 72 hours and others occurring in tranches across 30 days. These emissions have been designated for various participants, such as core contributors, charities, staking rewards, and investors. Aptos (APT) Aptos, a layer-one blockchain, will unlock 24.8 million APT tokens worth roughly $235 million at current prices. The tokens are spread across the Aptos Foundation, community incentives, core contributors, and investors. About 8% of APT’s circulating supply and the community allocation will claim the lion’s share. Injective (INJ) Just over 4% of Injective’s circulating supply is allocated to adv...