Explore the world of cryptocurrency with a glimpse into the upcoming token unlock events for Aptos (APT crypto ) and Moonbeam (GLMR crypto ) in November
Aptos (APT) November Token Unlock: Decoding the $179.86M Release and Market Trends
On November 12, 2023, Aptos (APT) is set to conduct a significant token unlock event, releasing over 24 million APT tokens. The current market price of the APT token stands at $7.25. With a total supply of 1,064,306,427 APT tokens and a circulating supply of 248,828,163 APT tokens. This event will unlock 24.84 million APT tokens, equivalent to $179.86 million. This release represents 9.98% of the circulating supply.
The allocation of the released tokens is as follows:
- Foundation Allocation (1.33 million APT tokens):
- Value: $9.65 million
- Percentage of Circulating Supply and Market Cap: 0.54%
- Core Contributors Allocation (11.88 million APT tokens):
- Value: $85.98 million
- Percentage of Circulating Supply and Market Cap: 4.77%
- Investors Allocation (8.42 million APT tokens):
- Value: $60.99 million
- Percentage of Circulating Supply and Market Cap: 3.39%
- Community Allocation (3.21 million APT tokens):
- Value: $23.24 million
- Percentage of Circulating Supply and Market Cap: 1.29%
It’s worth noting that APT had a previous token unlock event on October 12, 2023, during which 4.54 million APT tokens were released, valued at $32.89 million. This constituted 1.83% of the circulating supply at that time. As shown in the graph below, the price of APT has risen approximately 52.86% from $4.7811 to $7.31 after the previous token unlocks event.
The upcoming token unlocks event and the distribution of tokens among the foundation, core contributors, investors, and the community reflect APT’s commitment to transparency and its strategy for involving various stakeholders in the project’s development and growth. The market will likely closely monitor the impact of this token release on APT’s price and market dynamics
Moonbeam’s Token Unlock: Shaping Trajectory with 9.68 Million GLMR Tokens
As of the current update, Moonbeam (GLMR) stands at a price of $0.2448. This displays resilience in a dynamic market. With a total supply of 1,092,040,318 GLMR tokens and a circulating supply of 775,783,049 GLMR tokens, the upcoming token unlock event is poised to release 9.68 million GLMR tokens, valued at $2.37 million. This represents a calculated move, unlocking 1.25% of the circulating supply to shape Moonbeam’s trajectory strategically.
The breakdown of the token allocations is as follows:
- Seed Funding Allocation (6.67 million GLMR tokens):
- Value: $1.63 million
- Percentage of Circulating Supply and Market Cap: 0.86%
- Key Partners and Advisors Allocation (2.19 million GLMR tokens):
- Value: $536.56 thousand
- Percentage of Circulating Supply and Market Cap: 0.28%
- PureStake Early Backers Allocation (823.54 thousand GLMR tokens):
- Value: $201.52 thousand
- Percentage of Circulating Supply and Market Cap: 0.11%
Moonbeam’s commitment to strategic token unlocks is evident, fostering development and collaboration within its ecosystem. The upcoming release reflects a meticulous approach, acknowledging the importance of various stakeholders.
In a retrospective view, Moonbeam’s last token unlock event on November 7, 2023, saw the release of 3.04 million GLMR tokens valued at $744.31 thousand. This constituted 0.34% of the circulating supply, underscoring a controlled and measured approach to token distribution. As shown in the graph, The price of GLMR has risen approximately 9.16% from $0.2314 to $0.2526 since the previous token unlock event.
As the cryptocurrency landscape evolves, Moonbeam’s transparent communication and strategic token releases provide insight into its commitment to sustainable growth and community engagement. The market will undoubtedly monitor the impact of this upcoming unlock, considering both the percentages allocated and the broader market dynamics.
Navigating the Future with Strategic Allocations
In conclusion, the upcoming token unlock events for Aptos (APT) and Moonbeam (GLMR) highlight the dynamic nature of the cryptocurrency market and the strategic decisions made by these projects. Aptos, with its significant release of over 24 million APT tokens, demonstrates a commitment to transparency and inclusivity in project development.
On the other hand, Moonbeam’s upcoming release of 9.68 million GLMR tokens signifies a calculated move to shape the project’s trajectory strategically. Both projects exhibit a history of controlled and measured token releases, as seen in their previous events, contributing to their sustained growth. The market’s keen interest in monitoring the impact of these token unlocks on the respective token prices and broader market dynamics underscores the significance of transparent communication and strategic token distribution in the evolving cryptocurrency landscape.
