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Aptos, Avalanche, and Hashflow will unlock over $320 million in tokens this month

2023-11-01 20:55:09

According to Foresight News, as reported by The Block, the total amount of token unlocks in November is $450 million, with Aptos, Avalanche, and Hashflow set to see significant unlocks, totaling over $320 million in tokens. Among them, Aptos will unlock 24.8 million APT tokens on November 12, accounting for 10% of its circulating supply, valued at approximately $172.9 million. The majority of the unlocked funds (about $82.7 million) will go to core contributors, with $58.6 million going to investors, $22.3 million to the community, and $9.3 million to the Aptos Foundation.

Avalanche will unlock 9.5 million AVAX tokens on November 24, valued at $106.9 million, accounting for 2.7% of its circulating supply. About $50.4 million will be allocated to the project team, $25.2 million to strategic partners, $18.7 million to the Avalanche Foundation, and $12.6 million for potential airdrops.

Hashflow will unlock 160.4 million HFT tokens on November 7, valued at approximately $41.3 million, accounting for 73.9% of its circulating supply. Of this, about $16.1 million will be allocated to early investors, $12.7 million for ecosystem development, $12.4 million to the core team, and $107,000 for community rewards. Additionally, tokens worth approximately $44,000 are released daily for ecosystem development and community rewards.

Furthermore, other notable token unlocks in November include Optimism ($33.3 million), ApeCoin ($20.8 million), and Sui ($15.5 million).

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