This week, important crypto unlocks are set to take place, potentially affecting the coins’ prices due to buying or selling pressure. Here are the 7 most important token unlocks of the week.
Top 7 Token Unlocks This Week – Over $276 Million in Crypto
1. Aptos (APT)
On December 12, over 11.3 million APT tokens will be unlocked, representing 1% of the total token supply. The unlock amount is $161.2 million, or over 2.1% of the fully diluted market of APT which is $10.09 billion.
CryptoRank notes that, so far, 37.1% of the total token amount has been unlocked.
APT recorded a drop in price of over 5%. At the moment of writing this article, APT is trading above $13.5 and has a market cap of over $7.2 billion. Earlier, APT’s price dipped at $13.1, before a quick rebound at current levels.
Aptos is an L1 PoS blockchain that employs a smart contract programming language called Move.
2. StarkNet (STRK)
On December 15, almost 64 million STRK will be unlocked, representing 0.64% of the total token amount. The unlock amount is over $48 million, or 2.83% of the fully diluted market cap of STRK at $7.53 billion.
So far, 12.3% of STRK has been unlocked.
Today, STRK‘s price dropped from $0.77 levels to its current level of $0.71. The coin saw a drop in price of over 6%, and it now has a market cap of $1.6 billion. Earlier, the coin reached a market cap of $1.56 billion, before a rebound.
StarkNet is a permissionless decentralized Validity-Rollup (ZK-Rollup) that operates as an L2 network over Ethereum, enabling dApps to achieve unlimited scaling for its computation.
3. Moca Network (MOCA)
Tomorrow, December 11, over 178.5 million MOCA tokens will be unlocked, representing over 2% of the total token amount. The unlock amount is $17.36 million or 14% of the fully diluted market cap of the token, $859 million.
So far, 22.6% of the total token amount has been unlocked.
MOCA‘s price dropped by 7% today, from levels of $0.097 to current levels of $0.087. Earlier, the coin’s market cap dropped to $107.7 million, before a rebound to current levels of over $111.7 million.
Mocaverse is a decentralized ecosystem leveraging blockchain technology to foster a unique economic and cultural landscape. MOCA is its native utility and governance token.
4. Delysium (AGI)
On December 11, almost 66.5 million AGI tokens will be unlocked, representing 2.22% of the total token amount. The unlock amount is almost $16.1 million, or 5.17% of the fully diluted market cap of the token at $727 million.
Almost 41% of the total token amount has been unlocked so far, according to CryptoRank.
AGI‘s price dropped by over 7% today, reaching a market cap of $230 million before bouncing back to over $238 million. AGI is now trading at over $0.22.
Delysium is a venture into the intersection of blockchain and AI technology, aiming to build a virtual world where AI and humans coexist.
5. XAI (XAI)
Today, almost 35.9 million XAI tokens are unlocked, or about 0.4% of the total token amount. The unlock amount is $14.38 million or over 4.8% of the fully diluted market cap of the token which is $1 billion.
23.7% of the total token amount has been unlocked so far.
Today, XAI‘s price dropped by over 4% from $0.4 to $0.36, before it bounced back over $0.38. At the moment of writing this article, XAI has a market cap of almost $307 million.
XAI is a crypto aimed to revolutionize the gaming industry by enabling real economies and open trade within video games. It operates on Arbitrum.
6. io.net (IO)
On December 11, 3.47 million XAI or 0.43% of the total token amount will be unlocked. The unlock amount is $12.35 million or 2.76% of the fully diluted market cap of the token at $2.84 billion.
12.5% of the total token amount has been unlocked so far.
IO‘s price dropped by 7% today and it’s now trading above $3.3. Earlier, the coin’s market cap dropped from $453.7 million to $408.9 million. Since then, the market cap bounced back at $421 million.
io.net is the world’s largest decentralized AI computing network, according to the team behind the project. It allows machine learning engineers to access scalable distributed clusters at a small fraction of the cost compared to other centralized services.
io.net can create clusters of tens of thousands of GPUs.
7. Highstreet (HIGH)
On December 14, 2.74 million tokens will be unlocked, representing over 2.7% of the total HIGH token amount. The unlock amount is over $6.6 million or 6.73% of the fully diluted market cap of the token which is $240 million.
Almost 60% of the total token amount has been unlocked so far.
HIGH‘s price dropped by 6% today. It peaked at $2.5 earlier, before dropping to $2.25 levels. However, the coin began surging again and it’s now priced at $2.23 and has a market cap of almost $154 million.
HIGH is the native token of a decentralized commerce-centric play-to-earn metaverse built with VR support.