One-week token unlock preview: CYBER unlocks large amounts, APT unlocks over $23 million

Compiled by | Odaily Planet Daily
Editor | Loopy
This week, 6 projects will unlock tokens, among which 1INCH is continuing to unlock negligible small amounts (the unlocking amount is less than 0.1% of the circulating market).
In this week’s unlocking, APTOS will unlock a large amount of more than 20 million US dollars. This is also the largest unlocking scale among the tokens unlocked this week.
It is worth noting that the unlocking of CYBER deserves attention. CYBER just completed TGE in August, and this unlocking is also the second token unlocking of CYBER.
In addition, projects such as GLMR, EUL, and SWEAT will also be unlocked.
Large amount unlocking
CyberConnect
Project website: https://cyberconnect.me/
Official Twitter: https://twitter.com/CyberConnectHQ
Number of unlocked tokens this time: 1.26 million
Amount unlocked this time: (approximately) 6.24 million US dollars
CyberConnect is a multi-chain decentralized social graph protocol currently deployed on Ethereum Mainnet, Polygon, Solana and BNB Chain. The protocol aims to create opportunities for developers to create social applications, allowing users to own their own digital identity DID, content, connections and tokenized channels.
CYBER token is a very young token. On August 15, the project was launched on Binance Launchpool. Since its launch, CYBER has been surrounded by controversy and dubbed as a "demon" coin. CYBER once hit a record high price of $36 on South Korea's CEX, with a premium of up to 120% over other mainstream trading platforms. Subsequently, the "wrong finger" governance proposal was passed at lightning speed of 12 hours - unlocking tokens with super-circulating shares. During this period, the figure of the head market maker DWF flashed.
This week, CYBER will also usher in a large amount of unlocking. This time, 126 tokens will be unlocked, which is more than 11% of the circulation, and the unlocking amount is terrifying.
CYBER is a low-circulation token. Currently 88% of the total tokens are locked, waiting to be released in the future.
CYBER token economics shows that the total amount of CYBER is 100 million, of which 9% is used for community rewards, 34% is used for ecological development, 25.12% is allocated to private investors, 15% is allocated to the team and consultants, and 10.88% is included in the community treasury. CoinList public sale and Binance Launchpool each allocate 3% of tokens.
With this large-scale unlocking of CYBER, the once-popular currency, will it make us witness some unexpected situations?
Sweat Economy
Project website: https://sweateconomy.com/
Official Twitter: https://twitter.com/SweatEconomy
Number of unlocked tokens this time: 227 million
Amount unlocked this time: (approximately) 2.34 million US dollars
Sweatcoin App is a Web3 sports app. The product aims to motivate healthier living by rewarding users for their daily physical activity.
SWEAT is also a sports token, similar to Stepn. This track is too "old". The token is the native token of the Near blockchain and can be traded on Ethereum or other blockchains through a bridge.
The total amount unlocked this time is over 2 million US dollars, and about half (1.16 million US dollars, 128 million SWEAT tokens) will belong to the SWEAT team.
However, judging from the unlocking history, the unlocking curve of this project is very regular, with a similar scale of token unlocking every month.
Apartments
Project official website: https://aptoslabs.com/
Official Twitter: https://twitter.com/Aptos_Network
Number of unlocked tokens this time: 4.54 million
Amount unlocked this time: (approximately) 23.58 million US dollars
Aptos is one of the two Move public chains that have attracted much attention in the past period of time. This new Layer 1, supported by Facebook's background and technology, has attracted much attention from big capital. The chain aims to provide users with a next-generation PoS public chain with good performance and higher TPS, so as to support the popularization of blockchain at the application layer and welcome billions of users to the crypto world.
Judging from the circulation volume, the amount of tokens unlocked this time is still quite considerable. Although it is far lower than APE’s “over 10%”, the figure of over 2% of the circulation volume is still worthy of attention.
APT token economics shows that currently, up to 82% of tokens are still locked, and only 18% of tokens are in circulation.
The amount of APT unlocked this time is about 23 million US dollars, which deserves the attention of investors. Compared with the trading volume, CoinGecko data shows that APT's 24-hour trading volume is about 59.9 million US dollars.
However, judging from the unlocking history, APT has unlocked similar amounts of tokens every month. This also provides investors with sufficient historical data for reference.
MoonBeam
Project website: https://moonbeam.network/
Official Twitter: https://twitter.com/MoonbeamNetwork
Number of unlocked tokens this time: 9.68 million
Amount unlocked this time: (approximately) $1.97 million
MoonBeam is the EVM network of the Polkadot ecosystem. Compared with newer projects such as Aptos and ApeCoin, the MoonBeam project is older and its release is more comprehensive. Currently, most tokens have entered circulation.
For this time alone, the amount unlocked this time only accounts for 1.34% of the total circulation. Although this number is not as significant as the unlocked numbers of APT and APE, it still deserves our full attention.
The market always prefers newer cryptocurrencies. GLMR is older and less traded. According to CoinGecko data, its 24-hour trading volume is only $1.3 million. Although the unlocked amount is only $1.75 million, far lower than APE and APT, it is 1.35 times the daily trading volume.
From the overall unlocking progress, GLMR has begun to unlock in small amounts steadily and slowly. However, if all the unlocked amounts are sold, the liquidity of the market may not be able to bear such a large-scale selling pressure. This unlocking is worthy of investors' attention, and they should capture potential trading opportunities or position risks in a timely manner.