Top Token Unlocks of the Week (Dec 17th - 23rd): $APE, $PPT, $DYDX and More!
Discover the most significant crypto token unlocks for the week of December 17th to 23rd, featuring major releases from $APE, $PPT, $DYDX, and other top projects.
🔒 Interesting Token Unlocks This Week:
ApeCoin - $APE Token Unlock
ApeCoin ($APE) is a cryptocurrency on the Ethereum network, functioning as the native token for the APE ecosystem. It was created to serve as a decentralized protocol layer for community-led initiatives. ApeCoin is closely associated with Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), a prominent NFT collection. This token enables governance within the ApeCoin DAO, where holders vote on proposals affecting the ecosystem.
On Dec 17, 2024, is set for the following unlocks:
- 757,575 $APE tokens valued at $1,225,227 will be released to the "Launch Contributor 2" allocation group, increasing the circulating supply by 0.1%
- 4,166,700 $APE tokens valued at $6,738,807 will be released to the "Yuga Labs" allocation group, increasing the circulating supply by 0.55%
- 277,780 $APE tokens valued at $449,253.78 will be released to the "Jane Goodall Legacy Foundation" allocation group, increasing the circulating supply by 0.04%
- 2,222,222 $APE tokens valued at $3,594,002 will be released to the "BAYC Founders" allocation group, increasing the circulating supply by 0.3%
- 7,343,750 $APE tokens valued at $11,877,052 will be released to the "DAO Treasury and Resources" allocation group, increasing the circulating supply by 0.98%
Pop Social - $PPT Token Unlock
Pop Social Token ($PPT) is the native cryptocurrency of the Pop Social platform, a blockchain-based social media ecosystem that integrates Web3 technology. Designed to reward user engagement and content creation, $PPT functions as both a utility and governance token within the platform. Users and creators on Pop Social can earn $PPT through various activities such as posting, sharing, and interacting with content. The token can be used to access premium features, tip creators, and purchase NFTs within the ecosystem.
On Dec 20, 2024, Pop Token is set for the following unlocks:
- 2,500,000 $PPT tokens valued at $127,734.52 will be released to the "Foundation Reserve" allocation group, increasing the circulating supply by 1.25%
- 416,667 $PPT tokens valued at $21,289.09 will be released to the "Strategic Round" allocation group, increasing the circulating supply by 0.21%
- 166,667 $PPT tokens valued at $8,515.63 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.08%
- 230,833 $PPT tokens valued at $11,794.15 will be released to the "Treasury" allocation group, increasing the circulating supply by 0.12%
- 1,000,000 $PPT tokens valued at $51,093.81 will be released to the "Developer Team" allocation group, increasing the circulating supply by 0.5%
dYdX - $DYDX Token Unlock
dYdX ($DYDX) is a decentralized exchange that offers advanced trading features such as perpetual contracts, spot trading, and margin trading. Initially built on Ethereum's Layer 2 solution StarkEx to enhance scalability and reduce gas fees, dYdX transitioned to its own blockchain using the Cosmos SDK with its v4 upgrade, achieving full decentralization and higher transaction throughput. The platform is designed for both individual and institutional traders, providing leveraged trading opportunities and maintaining a non-custodial model, which ensures that users retain control of their funds.
On Dec 21, 2024 dYdX is set for the following unlocks:
- 9,233,333 $DYDX tokens valued at $20,986,828 will be released to the "Investors" allocation group, increasing the circulating supply by 1.01%
- 5,100,000 $DYDX tokens valued at $11,592,002 will be released to the "Employees and Consultants" allocation group, increasing the circulating supply by 0.56%
- 2,333,333 $DYDX tokens valued at $5,303,530 will be released to the "Future Employees and Consultants" allocation group, increasing the circulating supply by 0.26%
Green Metaverse Token - $GMT Token Unlock
STEPN is a blockchain-based fitness application that combines physical activity with cryptocurrency earnings through a unique move-to-earn model. Users purchase NFT sneakers and can earn Green Metaverse Token ($GMT) by walking, jogging, or running, with the app using GPS tracking to verify and reward movement. The platform aims to incentivize fitness by turning exercise into a potentially profitable activity, allowing users to upgrade their virtual sneakers, trade tokens, and participate in a gamified fitness ecosystem built on the Solana blockchain.
On Dec 22, 2024, GreenMetaverseToken is set for the following unlocks:
- 53,150,000 $GMT tokens valued at $10,921,533 will be released to the "Growth Backers 1" allocation group, increasing the circulating supply by 1.82%
Honorable Mentions
- On December 17th SuperRare ($RARE) will release 0.6% of its total supply to the “Community Treasury” vesting group.
- On December 17th - 20th, Nerd ($NERD) will release 3.2% of its total supply to the “Team and Advisor”, “Community Fund” and “Seed Round” vesting groups.
- On December 23rd AIMalls ($AIT) will release 0.9% of its total supply to the “Foundation” and “Marketing” vesting groups.
About Vesting and Token Unlocks
Both traditional finance and Web3 emerging projects often issue a share of tokens or stocks to their shareholders. These shareholder groups can for example be the developer team, founders, advisors, and so on.
Tokens issued for shareholder groups and other use cases are often not available immediately after launch - instead, they are locked for a specified amount of time (vesting) and released into circulation according to a predetermined schedule.
Token Unlocks refer to the moments when these vested tokens become accessible or "unlocked."
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