Token Unlock Projects This Week: APT Significant Unlock, GLMR, IMX Regular Unlock
This week, although the number of unlocked projects is relatively small compared to previous weeks, there are still significant unlocks worth noting. On Wednesday, the following projects will be unlocked: GLMR, APT, IMX. Among them, APT has a massive unlock amount, exceeding $30 million.
MoonBeam
Project Website: https://moonbeam.network/
Project Twitter: https://twitter.com/MoonbeamNetwork
MoonBeam is an EVM network in the Polkadot ecosystem. In this case alone, the unlock amount accounts for only 0.44% of the total circulation. This unlock is unlikely to have any significant and predictable impact on this project with a circulating market value of over 100 million.
Looking at the overall unlock progress, GLMR has already started smoothly and slowly unlocking small amounts. Similar scale unlocks are common, and this unlock is not worth causing excessive attention from investors within the predictable range.
Aptos
Project Website: https://aptoslabs.com/
Project Twitter: https://twitter.com/Aptos_Network
Aptos is one of the recently popular Move-based public chains, backed by Facebook's background and technology. This new Layer 1 chain has attracted a lot of attention from large capital. The chain aims to provide users with a next-generation PoS public chain with good performance and higher TPS, in order to support the popularization of blockchain in the application layer and prepare the encrypted world for billions of users.
Among the tokens unlocked this week, APT is the most noteworthy. In terms of the total supply, the unlocked amount is "seemingly" not significant because a large amount of APT is still locked. The tokenomics of APT shows that currently, up to 83% of the tokens are still locked, and only 17% of the tokens are in circulation.
Just by observing the circulation volume, it can be seen that the amount unlocked this time is quite large.
The unlocked amount of APT this time is about $30.26 million, accounting for 2.07% of the total circulation. This number is worthy of investor attention.
But looking at the unlocking history, similar amounts of tokens have been unlocked monthly in the past. This also provides investors with sufficient historical data for reference.
ImmutableX
Project website: https://www.immutable.com/
Official Twitter: https://twitter.com/Immutable
Immutable X claims to be Ethereum's first Layer 2 protocol with ZK-rollup, used for trading and transferring NFTs. It has instant transaction confirmation, zero gas fees, and tremendous scalability as it can handle 9,000 transactions per second. Immutable X accomplishes all of this without compromising user ownership. The protocol is built by the Starkware team using StarEx technology.
IMX this unlocking is considerable. From the amount perspective, it has reached a certain scale, with an unlocking value of nearly 13 million US dollars, accounting for nearly 2% of the circulating market value. However, such unlocking situations often occur.
From the release model perspective, this unlocking is not too special. Similar scale or magnitude of unlocking occurs every month. And there will not be larger scale unlocking different from this regular unlocking in the future. Investors have sufficient historical data for reference.
