December Will Be a Volatile Month for a Number of Crypto Projects Planning to Release Tokens

Several major crypto projects such as Cardano (ADA), Jito (JTO), and Aptos (APT) will start an unlock token this month.

Several crypto projects are planning to release tokens, also known as unlock tokens, in December. This move is set to stir up market volatility.

According to data from Tokonomics, the total value of token releases scheduled for December is around $700 million.

Among the projects preparing for token releases, Cardano (ADA) will lead the way by distributing 18.53 million ADA tokens on December 4, valued at approximately $20 million (Rp316 billion).

This unlock token will be allocated for staking funding and treasury reserves, and it comprises less than 0.1% of the circulating supply.

Notably, ADA prices have surged in recent weeks, logging a 198% rally in 30 days and crossing the $1 mark for the first time in over two years, as indicated by CoinGecko.

Furthermore, Jito (JTO), a Solana-based project, will carry out the largest release with 135.71 million JTO tokens on December 7, estimated to be worth around $521 million.

The unlock token spans more than 100% of the circulating supply and will be distributed to core and investor contributors.

Currently, JTO is trading at around $3.8, showing an increase of about 4% in the last 24 hours.

Later in the month, Aptos (APT) will follow suit by releasing 11.31 million APT tokens on December 11, valued at approximately 153 million US dollars (Rp2.42 trillion).

The token will be distributed to foundations, communities, core contributors, and investors, covering about 2% of the circulating supply, as reported by CryptoBriefing.

In addition to these three major projects, several others are also planning to unlock large tokens this month, including Neon (NEON), Polyhedra Network (ZKJ), and Space ID (ID).

Typically, token releases exert pressure on the market, leading to significant price movements in a short period, as evident in the case of Celestia’s TIA token towards the end of October.