- In July; Optimism (OP), Aptos (APT), and ApeCoin (APE) will unlock a significant amount of tokens.
- ApeCoin (APE) will unlock 15.6 million APE tokens on July 17, which is equivalent to 4.23% of its circulating supply.
- Aptos (APT) will unlock 4.5 million tokens on July 12, which is equivalent to 2.17% of its circulating supply.
Investors of ApeCoin, Aptos, and Optimism, who will unlock a large amount of tokens in July, should carefully follow these dates.
Unlocking Tokens for APE, APT, OP is Approaching
In July; Optimism (OP), Aptos (APT), and ApeCoin (APE) will unlock a significant amount of tokens, releasing over $100 million worth of tokens into circulation.
According to the latest information, ApeCoin (APE), which is the governance token of ApeCoin DAO associated with the Bored Ape Yacht Club NFT community, will unlock 15.6 million APE tokens on July 17, which is equivalent to 4.23% of its circulating supply and valued at $34.6 million. The majority of these tokens ($16.2 million) will go to the project treasury, $9.2 million to developer Yuga Labs, and $4.9 million to the founder.
ApeCoin also unlocked the same amount of tokens in June. After the unlock, the price of APE dropped by approximately 5% from $2.10 to $1.98, and then rose to $2.21.
Aptos (APT) will unlock 4.5 million tokens on July 12, which is equivalent to 2.17% of its circulating supply and valued at $34.3 million. Approximately $24 million will go to the community and $10 million to the Aptos Foundation.
Aptos also unlocked 4.5 million tokens in June. This caused a 4.5% decrease in the price of APT, but it later recovered. After the June unlock, APT gained approximately 20% in value from $7.50.
Lastly, Optimism (OP) will unlock 24.2 million OP tokens on July 30. This is equivalent to 3.75% of its circulating supply and valued at $32.8 million. Approximately $17 million will go to core contributors and $15 million to investors.
Since unlocking the same amount of tokens on June 30, Optimism’s OP token has gained around 10% in value and is currently trading at $1.35. OP’s circulating supply increased further at the end of May, causing a 25% decrease in the token’s price, but it has since regained most of its losses.
Will Token Unlocks Decrease Prices?
In the cryptocurrency market, the information that a large amount of tokens will be released through token unlocks is generally seen as negative, and investors tend to focus on downward sentiments. The quantity of the unlocked tokens and the percentage they represent in the supply are important data to be examined. Since a large amount of token unlocks can create selling pressure in the market, a decrease is generally expected.
However, the opposite can also be true. Therefore, investors should carefully follow these dates and conduct their own research before making investments.
