Preview of token unlocking next week: APE unlocks over 50 million US dollars, 6 projects including APT and GLMR deserve attention

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The token unlocks of 6 projects next week are worth paying attention to, and there are many large unlocks among them. Including well-known projects such as APT and APE.

Among them, APE has the largest unlocking scale, with an unlocking amount of over 50 million US dollars. Judging from the unlocked share, its unlocked amount also exceeds 10% of the circulating supply.

And GLMR is also a project worthy of attention. Although the unlocked amount and share of the circulating supply are much smaller than APE, the liquidity of this project is much lower than that of well-known projects. The unlocked amount of GLMR this time is as high as 1.35 times the daily trading volume, which is still worthy of investors’ attention.

The specific unlocking details are as follows:


Large amount unlock

ApeCoin

Project official website:

Official Twitter:

Number of coins unlocked this time: 40.6 million

Amount unlocked this time: (approximately) US$51.16 million

ApeCoin (APE) is the governance and utility token of the APE ecosystem, with a total supply of 1 billion. The project is controlled and established by the community, and ApeCoin DAO is its governance organization, allowing all APE holders to vote on governance decisions. In addition to DAO, Yuga also established the APE Foundation as the legal supervisor of DAO. The Foundation Board of Directors consists of 5 members.

Of the tokens unlocked this week, APE is the most noteworthy. When this token was initially issued, a large number of APE tokens were airdropped to BAYC holders.

APE is famous for its issuer Yuga Labs. As the parent company of BAYC, Yuga Labs has become famous in the NFT ecosystem. Yuga has stated that it will actively apply APE as the main token for all new products and services. In addition to BAYC, Yuga also owns two major IPs, CryptoPunks and Meebits.

As early as when it was released, APE received a lot of attention due to its extremely topical nature. And its large number of large positions and reserved tokens also caused it to be criticized for a while.


Currently, the unlocking of APE is just about halfway complete. 50% of the tokens are in circulation and the other 50% are still locked. The number of unlocks this time is huge, accounting for more than 11% of the circulation.

In this unlocking, Launch Contributors are the largest destination for unlocking, with 25 million tokens (tokens worth more than US$31 million flowing to contributors). In addition, the community treasury, Yuga Labs, and Yuga Labs Founders received 7.34 million, 4.17 million, and 2.22 million tokens respectively.

Coingecko data shows that APE’s 24-hour trading volume is only $43 million, which is even lower than the market capitalization of the unlocked token. There is no doubt that if all unlocked tokens flow into the market (of course, this is unlikely), it will be enough to have a huge impact on the market.

From the perspective of the release model, although regular large amounts will occur once a month, this unlocking is larger than the previous one.

Apartments

Project official website:

Official Twitter:

Number of unlocked coins this time: 4.54 million

Amount unlocked this time: (approximately) US$23.94 million

Aptos is one of the two Move-based public chains that has attracted much attention in the past. This new Layer 1, supported by Facebook’s background and technology, has attracted the attention of big capital. The chain aims to provide users with a next-generation PoS public chain with good performance and higher TPS to support the popularization of blockchain at the application layer and welcome billions of users in the crypto world.


From the perspective of circulation, the amount of tokens unlocked this time is still quite considerable. Although it is far lower than the “more than 10%” of APE, the number accounting for more than 2% of the circulation is still worthy of people’s attention.

APT token economics shows that currently, up to 82% of tokens are still locked, and only 18% of tokens are in circulation.

The amount unlocked by APT this time is approximately US$23.94 million, which deserves the attention of investors. If compared with the transaction volume, CoinGecko data shows that APT’s 24-hour transaction volume is approximately US$48.5 million.

However, judging from the unlocking history, APT has previously unlocked tokens of similar magnitude every month. This also allows investors to have sufficient historical data for reference.

MoonBeam

Project official website:

Official Twitter:

Number of unlocked coins this time: 9.68 million

Amount unlocked this time: (approximately) US$1.75 million

MoonBeam is the EVM network of the Polkadot ecosystem. Compared with more “new” projects such as Aptos and ApeCoin, the MoonBeam project is more “old” and its release is more comprehensive. At present, the vast majority of tokens have entered circulation.

For this time alone, the amount unlocked this time only accounts for 1.34% of the total circulation. Although this number is not as significant as the unlocked numbers of APT and APE, it still deserves our full attention.


The market always favors newer cryptocurrencies, and GLMR is older and less popular. CoinGecko data shows that its 24-hour trading volume is only $1.3 million. Although the amount unlocked this time is only US$1.75 million, it is far lower than APE and APT. But compared with the trading volume, it is 1.35 times the daily trading volume.

Judging from the overall unlocking progress, GLMR has begun to steadily and slowly gradually unlock small amounts. However, if all the unlocked amounts are sold, the market liquidity may not be able to withstand such a large-scale selling pressure. This unlocking is worthy of attracting the attention of investors and capturing potential trading opportunities or position risks in a timely manner.

Regular unlocking

In addition to the large-amount unlocking mentioned above, LDO, EUL, and FLOW all have small-amount unlocking that is less than 1% of the circulating supply.