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Especially for altcoins released to the market in the last few years, one of the most important issues is annual token inflation. As the maximum supply gradually enters circulation, we see that altcoins with exponentially increasing circulating supply often experience a decline due to the effect of excess supply as the probability of reaching previous ATH levels weakens. So, which altcoins should be watched out for in December?
1Inch Token Unlocking Event
DeFi protocol 1inch is set to release tokens this month, accounting for approximately 9.48% of the total circulating supply. As 98.74 million 1INCH tokens enter circulation, if we do not see the same proportion of token demand, a price drop is the expected scenario. Project team members, investors, and venture capitalists (VCs) will have the opportunity to sell after the token unlocking.
Aptos (APT)
In December, token unlocking for at least 25 projects is planned. However, the largest unlocking event this month will be conducted by Aptos (APT) with a $175 million unlocking. On December 12, the team will release 24.84 million APT tokens, constituting 8.95% of the circulating supply, likely triggering volatility in the price.
The distribution will be as follows;
- 9.40 million $ for the Foundation
- 83.72 $ for core participants
- 59.39 million $ for investors
- 22.63 $ for the Aptos community
We had seen the same amount of unlocking on November 12. After November 12, the price experienced a drop of approximately 16% following the massive unlocking. Of course, fluctuations in the Bitcoin price also played a role in the process.
Optimism (OP)
On December 30, the unlocking of 24.16 million OP Coins worth $41.3 million will take place. Most of the tokens will go to early contributors. Other unlocking events are summarized as follows;
- SUI $21 Million
- HFT $4.4 Million
- GLMR $3.5 Million
- CYBER $7.76 Million
- Flow $1.7 Million
- ID $5 Million
- DYDX $1.77 Million
- YGG $6.35 Million
- AGIX $2.85 Million
- Token inflation is a critical factor for recent altcoins.
- December will see significant token unlocking events.
- Volatility expected with the release of 1INCH and APT tokens.
