Important Altcoins to Watch in December: Token Unlocking Events - Latest cryptocurrency news

Important Altcoins to Watch in December: Token Unlocking Events

One of the most important issues for the altcoins released in recent years is annual token inflation. As the maximum supply enters circulation, it is observed that altcoins, which rapidly increase in circulation, lose value due to the effect of oversupply as the probability of reaching their previous ATH levels decreases. So, which altcoins should we pay attention to in December?

The 1inch DeFi protocol will release tokens that constitute approximately 9.48% of the total circulating supply this month. If demand does not increase in the same proportion, a decrease in price is expected. Project team members, investors, and venture capitalists (VCs) will have the opportunity to sell after the token unlock.

Technology & Populer Science News: Newslinker.co

At least 25 projects’ token unlocks are planned for December. However, the biggest unlocking event of the month will be carried out by Aptos (APT), and a $175 million unlock will take place. On December 12th, the team will release 24.84 million APT tokens, which constitute 8.95% of the circulating supply, and this may trigger price volatility.

The previous unlocking event occurred on November 12th, and after this date, the price showed a decrease of approximately 16%. Bitcoin price fluctuations also played a role in this process.

On December 30th, the unlock of 24.16 million OP Coins, worth $41.3 million, will take place. The majority of the tokens will go to early contributors. Other unlocking events include SUI, HFT, GLMR, CYBER, Flow, ID, DYDX, YGG, and AGIX projects, and millions of dollars’ worth of unlocks will take place in total.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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