Cardano, Gito and Aptos set for $700M token this month.
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Cardano, Gito and Aptos will release around $700 million worth of tokens in December. The JTO release was the largest, with 135.71 million JTO tokens scheduled for December 7.
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Several crypto projects are set to release tokens in December: Cardano (ADA), Jito (JTO) and Aptos (APT) are scheduled to launch around $700 million worth of tokens.
18.53 million ADA signs
Cardano will release 18.53 million ADA tokens on December 4th, which is approximately $20 million. The tokens that represent less than 0.1% of the distribution offer will go into stocks and treasury funds.
ADA has risen 8% in the past week and is up 198% in 30 days, trading above $1 for the first time in more than two years, according to CoinGecko.
135.71 million JTO tokens
Solana-based JTO expects the biggest launch, with 135.71 million JTO tokens planned for December 7th, with a target of approximately $521 million. The release, representing 103% of the circulating supply, will be distributed to major contributors and investors.
JTO reached $3.9 in a week and is currently at $3.8, up 4% in 24 hours.
11.31 million APT tokens
Aptos will issue 11.31 million APT tokens on December 11, worth about $153 million at current prices. Tokens, about 2% of the distribution supply, will go to the foundation, community, core contributors and investors.
Other significant tokens are unlocked.
NEON is set to launch 53.91 million tokens, covering 45% of its circulating supply, on December 7th.
On December 14, Polyhedra Network (ZKJ) will release 17.22 million ZKJ tokens, which represents 28.5% of the circulating supply.
Space ID (ID) is set to launch 78.49 million ID tokens on December 22nd, which constitutes 18% of its circulating supply.
Token launches often increase volatility in the market, especially when large amounts of tokens are released.
For example, Celestia's TIA token has dropped below $5 since its $1 billion token launch on October 30th. However, it has recently bounced back, surpassing $6 last week and currently trading at $8.
While token launches can create immediate supply pressure and volatility, their long-term results will largely depend on market conditions.
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