01.12.2024
Mirjan Hipolito
Cryptocurrency and stock expert
01.12.2024

Sui and Jito lead December token unlocks worth over $5 Billion

Sui and Jito lead December token unlocks worth over $5 Billion December set for over $5B in token unlocks

December is shaping up to feature significant token unlocks with a combined market value exceeding $5 billion. 

BeInCrypto has identified five major unlock events likely to impact token prices. 

On December 1, Sui will unlock 64.19 million tokens worth over $220 million, with nearly two-thirds (approximately $135 million) going to Series A and B investors. Smaller portions are allocated to the community reserve, early contributors, and the treasury.

On December 7, liquid staking platform Jito plans to more than double the circulating supply of its JTO tokens. A release of 135.71 million tokens valued at over $500 million is designated for community members and investors. This massive release could affect JTO's price, which currently stands at $3.71.

Two other notable unlocks include Aptos (APT) on December 11 and Arbitrum (ARB) on December 16, both unlocking more than 2% of their total token allocations.

Aptos will release 11.31 million APT tokens worth $150 million. Arbitrum will unlock 92.65 million ARB tokens valued at nearly $90 million.

To close the month, Optimism (OP) will unlock 31.34 million tokens on December 31, with a market value exceeding $76 million.

According to Tokenomist, these unlocks fall under the "cliff" category—large one-time releases—unlike smaller daily distributions that typically have a lesser impact on volatility.

Others unlocks include Cardano (ADA), ZetaChain (ZETA), Immutable (IMX), ApeCoin (APE), Starknet (STRK), and Sei (SEI), which may also influence the market.

The cryptocurrency market is set for a significant influx of digital assets in November, with approximately $2.68 billion worth of tokens scheduled for unlocking. This development has captured the attention of market analysts and investors alike, as it could introduce new dynamics into the already volatile crypto landscape.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.