Over $600 Million in Crypto Tokens Set to Flood Market in January as Major Projects Unlock Billions
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Over $600 million in crypto tokens will enter the market in January 2024 due to scheduled unlocks. Major projects include Aptos, Injective, and Optimism.
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Aptos has the largest unlock of $235 million on January 12. Tokens will go to the Foundation, core contributors, investors, and community.
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Injective will unlock its remaining 3.67 million tokens worth $137 million on January 21. Tokens to advisors and team.
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Optimism unlocks 24 million tokens worth $88 million on January 30. Allocated to team and investors.
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28 projects will conduct unlocks in January when SEC decisions on Bitcoin ETFs may also increase volatility.