Key takeaways
- Cardano, Jito and Aptos will launch tokens worth almost $700 million in December.
- Jito’s release is the largest, with 135.71 million JTO tokens planned for December 7.
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Several crypto projects are expected to release tokens in December, with Cardano (ADA), Jito (JTO), and Aptos (APT) expected to release around $700 million in tokens, according to data from Tokenomist.
18.53 million ADA tokens
Cardano will release 18.53 million ADA tokens on December 4, worth approximately $20 million. Tokens, representing less than 0.1% of the circulating supply, will be allocated to staking and treasury funding reserves.
ADA rose 8% over the past week and surged 198% over 30 days, trading above $1 for the first time in more than two years, according to CoinGecko data.
135.71 million JTO tokens
Solana-based Jito is facing the largest release, with 135.71 million JTO tokens worth around $521 million scheduled for December 7. The release, representing approximately 103% of the circulating supply, will be distributed to key contributors and investors.
JTO hit $3.9 during the week and is currently trading at $3.8, up 4% in 24 hours.
11.31 million APT tokens
Aptos will unlock 11.31 million APT tokens on December 11, worth approximately $153 million at current prices. The tokens, approximately 2% of the circulating supply, will be intended for the foundation, community, core contributors and investors.
Other Important Token Unlocks
Neon (NEON) is expected to release 53.91 million tokens, which represents approximately 45% of its circulating supply, on December 7.
On December 14, Polyhedra Network (ZKJ) will release 17.22 million ZKJ tokens, representing approximately 28.5% of its circulating supply.
Space ID (ID) is expected to release 78.49 million ID tokens on December 22, which constitutes approximately 18% of its circulating supply.
Unlocking tokens often leads to increased volatility in the market, especially when large amounts of tokens are released.
For example, Celestia’s TIA token fell below $5 after a substantial $1 billion unlock on October 30. However, it has recently rebounded, surpassing $6 last week and currently trading around $8.
Although token unlocking may create immediate supply pressure and volatility, their long-term effects will largely depend on market conditions.
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