In the second week of December, over $237 million worth of tokens will flood the crypto market. This significant influx primarily involves three notable ecosystems: Aptos (APT), Linea (LINEA), and Cheelee (CHEEL). Understanding the specifics of these releases can help investors navigate potential volatility and price movements in the short term.
Aptos (APT)
- Unlock Date: December 11
- Tokens to be Unlocked: 11.31 million APT (0.96% of Total Supply)
- Current Circulating Supply: 736 million APT
- Total Supply: 1.18 billion APT
Aptos is a Layer-1 blockchain platform aiming to enhance scalability, security, and efficiency in decentralized applications (dApps) and Web3 ecosystems. The platform employs the Move programming language, which allows for swift, high-throughput transactions and robust smart contract execution.
On December 11, Aptos will unlock 11.31 million tokens, valued at around $19.79 million. This release aligns with its monthly pattern of token unlocks, equating to approximately 0.80% of the total released supply. Notably, the distribution includes 3.96 million tokens for core contributors, 3.21 million for the community, and 2.81 million for investors, alongside an allocation of 1.33 million tokens reserved for the Aptos foundation.
Linea (LINEA)
- Unlock Date: December 10
- Tokens to be Unlocked: 1.38 billion LINEA (1.92% of Total Supply)
- Current Circulating Supply: 16.7 billion LINEA
- Total Supply: 72 billion LINEA
Linea serves as a zkEVM Layer-2 scaling solution, specifically designed for Ethereum (ETH). The platform aims to provide quick and cost-effective transactions while ensuring compatibility with existing Ethereum tools and inherent security protocols.
On December 10, Linea will unlock 1.38 billion LINEA tokens, valued near $11 million. This release constitutes about 6.76% of the current circulating supply. The distribution method will be strategic: 600.08 million tokens will aim for long-term alignment, while 480.07 million will be designated for the Ignition program. Additionally, 300.07 million LINEA tokens will be allocated for future airdrops.
Cheelee (CHEEL)
- Unlock Date: December 13
- Tokens to be Unlocked: 20.81 million CHEEL (2.08% of Total Supply)
- Total Supply: 1 billion CHEEL
Cheelee operates as a SocialFi hybrid platform, integrating social media dynamics with blockchain technology to reward users with LEE tokens for watching short videos. This approach combines traditional social media mechanics with innovative blockchain incentives.
On December 13, Cheelee will release 20.81 million tokens, valued at an estimated $10.86 million. This unlock will represent 2.86% of the current released supply. The token allocation includes 10.58 million for user rewards, 7.55 million for marketing initiatives, and 2.64 million designated for increasing liquidity. Additionally, 36,720 tokens will be directed toward a community drop.
Alongside these significant releases, investors should also keep an eye on other token unlocks scheduled for this week, including those from Axie Infinity (AXS), BounceBit (BB), and Movement (MOVE). Monitoring these events could provide valuable insights into market trends and potential investment strategies.
