Major Token Unlocks in November: Aptos, Avalanche, Hashflow Take the Spotlight – Huge Sell-Off Incoming?
November is seeing a wave of token unlocks from leading crypto projects, including Aptos, Avalanche, and Hashflow, which will dump over $320 million worth of tokens on the market.
Among them, Aptos, a layer-1 blockchain project led by former Meta executives, will witness the most substantial token unlock in terms of value, a report from The Block from Wednesday said.
On November 12, Aptos will release 24.8 million APT tokens, equivalent to 10% of its circulating supply, valued at around $173 million.
The distribution includes $82.7 million for core contributors, $58.6 million for investors, $22.3 million for the community, and $9.3 million for the Aptos Foundation, and follows a smaller token release of 4.5 million APT tokens in October
Avalanche is also set for a significant token unlock, releasing 9.5 million of its native AVAX tokens on November 24.
This represents 2.7% of the circulating supply, with a total value of close to $107 million.
The distribution includes $50.4 million for the project’s team, $25.2 million for partners, $18.7 million for the Avalanche Foundation, and $12.6 million earmarked for a potential airdrop.
Lastly, Hashflow, decentralized exchange (DEX) that operates across multiple blockchains, will release of 160.4 million of its HFT tokens on November 7.
The tokens have a value of approximately $41.3 million, constituting nearly 80% of its circulating supply.
Early investors will receive around $16.1 million, while $12.7 million is allocated for ecosystem development, $12.4 million for the core team, and $107,000 for community rewards.
Additionally, approximately $44,000 worth of HFT tokens is released daily for ecosystem development and rewards paid out to community members.
Including a number of
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