Token

Aptos

Polyhedra Network

Notable

The crypto market is bracing for significant token unlocks this December, with projects like Cardano, Jito, and Aptos set to release a combined $700 million worth of tokens. These unlocks are poised to impact market dynamics, driving potential volatility and offering key insights into project strategies. 
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<h2 id="cardano-jito-and-aptos-lead-december-unlocks">Cardano, Jito, and Aptos Lead December Unlocks</h2> 
According to data from The Bit Journal, major blockchain projects will release substantial token supplies this month. Cardano will unlock approximately $20 million worth of ADA tokens on December 4, amounting to 18.53 million tokens. While this represents less than 0.1% of its circulating supply, the tokens will be allocated to staking rewards and treasury funding. Cardano has shown impressive growth recently, trading above $1 for the first time in over two years, with a 30-day price increase of 198%.<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-73269 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Screenshot-2024-12-01-215013.webp" alt="Major Token Unlocks in December: $700M Worth of Crypto to Hit the Market = The Bit Journal" width="1176" height="516" title="Major Token Unlocks in December: $700M Worth of Crypto to Hit the Market 60"> 
Jito, a Solana-based project, will conduct the largest unlock of the month, releasing 135.71 million JTO tokens worth approximately $521 million on December 7. This unlock accounts for 103% of its circulating supply and will be distributed to core contributors and investors. JTO is currently trading at $3.8 after hitting a peak of $3.9 earlier this week. 
Aptos is set to release 11.31 million APT tokens worth $153 million on December 11. These tokens, representing around 2% of the circulating supply, will be distributed to the foundation, community initiatives, core contributors, and investors. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-73271 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Screenshot-2024-12-01-220018.webp" alt="Major Token Unlocks in December: $700M Worth of Crypto to Hit the Market = The Bit Journal" width="1181" height="523" title="Major Token Unlocks in December: $700M Worth of Crypto to Hit the Market 61"> 
<h2 id="other-notable-unlocks-neon-zkj-and-space-id">Other Notable Unlocks: Neon, ZKJ, and Space ID</h2> 
Several other projects are preparing for major unlocks this December: 
<ul> 
 <li>Neon (NEON): On December 7, 53.91 million tokens, representing 45% of its circulating supply, will be unlocked.</li> 
 <li>Polyhedra Network (ZKJ): On December 14, 17.22 million tokens, making up 28.5% of its supply, will be released.</li> 
 <li>Space ID (ID): On December 22, 78.49 million tokens (18% of its supply) will be unlocked.</li> 
</ul> 
Token unlocks often create significant supply pressure, leading to potential price fluctuations. For example, after Celestia unlocked $1 billion worth of TIA tokens on October 30, its price initially dropped below $5 but rebounded to over $8 within weeks.<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-73273 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Screenshot-2024-12-01-220639.webp" alt="Major Token Unlocks in December: $700M Worth of Crypto to Hit the Market = The Bit Journal" width="1170" height="519" title="Major Token Unlocks in December: $700M Worth of Crypto to Hit the Market 62"> 
<h2 id="market-implications">Market Implications</h2> 
The unlocking of tokens can lead to increased volatility, particularly when large quantities are introduced into the <a href="https://thebitjournal.com/ethereum-price-prediction-eth-rival-priced-under-0-012-is-set-to-dominate-the-defi-market-solana-to-hit-300-by-2025/" target="_blank" rel="noopener">market</a>. However, the long-term impact depends on broader market conditions and the underlying strength of the projects. Investors should monitor these events closely to align their strategies with potential market movements. 
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Major Token Unlocks in December: $700M Worth of Crypto to Hit the Market

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The Bit Journal

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