July, crypto- It’s an important month for the ecosystem as a significant amount of Aptos (APT), ApeCoin (APE) and Optimism (OP) tokens will be unlocked. This will potentially put downward pressure on prices due to increased supply. However, the market response to this increase is likely to be moderated by the overall crypto market performance and prevailing sentiment.
Token Unlocking: Aptos, ApeCoin, and Optimism in the Roster
from July 3 aptosis leading the wave with the planned release of around 4.54 million APT tokens, which is equivalent to around $33 million. This unlocked amount represents 2.17% of the current circulating supply. Only 17% of total APTs have been unlocked so far. The total Aptos supply is 1,042,713,962 tokens, with 209,061,786 APTs in circulation.
after Aptos ApeCoinplans to unlock 15.60 million APE tokens on July 17. These tokens, which make up 4.23% of the circulating supply, have a spot exchange value of over $34.3 million. ApeCoin has a total supply of 1 billion tokens. Of these, 368,593,750 APEs are in circulation.
Finally, on July 30 Optimismwill unlock tokens in accordance with the monthly emission schedule. The Tier-2 scaling platform will launch 24.16 million OP tokens, estimated to be worth over $32 million. To date, 16% of the total supply has been unlocked, with a total of 644,594,782 OPs in circulation out of the 4,294,967,296 possible OPs.
Navigating the Token Unlock Wave
Token vesting programs form part of a broader strategy to maintain token prices and encourage early investors. Tokens acquired in crowdfunding stages are usually locked for a predetermined time. He is then released following a vesting program. The primary purpose of this approach is to prevent price drops in stock market listings and to align the interests of investors and team members.
The effects of these token unlocking on APT, APE and OP prices remain unclear. However, the increased supply could lead to a potential drop in spot prices, depending on the liquidity of each token and market dynamics.
You can find the current market movements here.