Crypto News– November unlocking crypto tokens: According to estimates provided by BeInCrypto, November is poised to witness a substantial influx of tokens, potentially increasing the overall supply by an approximate value of $443 million. Notably, projects such as Hashflow (HFT), Aptos (APT), and Avalanche (AVAX) are among those with the most significant token unlocks on the horizon.
November Unlocking Crypto Tokens Valued at 443 Million Dollars Ready for Release
While October marked a notably bullish month for the cryptocurrency market, with Bitcoin (BTC) surging by approximately 30%, the looming token unlocks in November are poised to grab the spotlight and demand attention.
HFT to Unleash 74% of Its Circulating Supply
BeInCrypto’s analysis of Token Unlock data reveals that crypto projects are set to release tokens valued at nearly $443 million in November. Among these projects, Hashflow stands out with the third-largest volume of unlocks.
The provided screenshot illustrates that Hashflow (HFT) is gearing up to unlock an impressive 74% of its circulating supply on November 7. This translates to the release of 160.38 million tokens, amounting to $44.97 million, distributed as follows:
- 48.30 million tokens, valued at $13.54 million, for the core team.
- 416,670 tokens, worth $116,820, designated for community rewards.
- 49.16 million tokens, amounting to $13.78 million, allocated for ecosystem development.
- 62.50 million tokens, with a value of $17.51 million, earmarked for early investors.
Avalanche Prepares for a 110 Million Dollars Token Unlock
Layer 1 project Avalanche is set to distribute 9.54 million AVAX tokens, valued at $109.64 million, on November 24th. These tokens, earmarked for unlocking, constitute 2.69% of the total circulating supply.
This upcoming token release will have four recipients:
- Strategic partners will receive 2.25 million AVAX tokens, equivalent to $25.85 million.
- The Avalanche Foundation is set to obtain 1.67 million AVAX tokens, valued at $19.15 million.
- The team will be awarded 4.50 million AVAX tokens, totaling $51.71 million.
- Airdrop winners will be granted 1.13 million AVAX tokens, worth $12.93 million.
Aptos to Release APT Tokens Valued at Over 170 Million Dollars
According to the latest data available, Aptos (APT) is poised to initiate one of the most significant token unlock events in November. This Layer 1 blockchain project is set to unlock 10.05% of its total circulating supply.
A total of 24.84 million APT tokens, with an approximate value of $171.16 million, will be distributed among various parties as follows:
- The Foundation will receive 1.33 million tokens valued at $9.19 million.
- Core contributors will be allocated 11.88 million tokens worth $81.82 million.
- Investors will receive 8.42 million tokens with a total value of $58.04 million.
- Finally, the community will be granted 3.21 million tokens, which amount to approximately $22.12 million in value.
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