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Cryptocurrency News Articles

Aptos (APT), Movement (MOVE), and Kaspa (KAS) Are Among the Top Projects Releasing Tokens This Week of January 2025

Jan 04, 2025 at 01:50 pm

Aptos (APT) will unlock tokens valued at $105.07 million, which is 2.03% of its circulating supply. This happens as APT trades at $9.85 per token

Aptos (APT), Movement (MOVE), and Kaspa (KAS) Are Among the Top Projects Releasing Tokens This Week of January 2025

Major crypto project token unlocks are set to hit the market next week, with Aptos (CRYPTO: APT), Movement (CRYPTO: MOVE), and Kaspa (CRYPTO: KAS) leading the way.

Aptos will unlock tokens valued at $105.07 million, while Movement and Kaspa will unlock $44.78 million and $22.32 million, respectively. These unlocks come as APT trades at $9.85, MOVE at $0.946311, and KAS at $0.128434.

Here's a closer look at the token unlocks and their potential impacts on the market.

Aptos, Movement to Unlock Large Portions: Aptos will unlock tokens to the tune of $105.07 million, which works out to 2.03% of its circulating supply. This comes as APT trades at $9.85 per token with a 24-hour trading volume of $246.94 million. Aptos is up 5.40% in the last 24 hours, reflecting bullish sentiment.

Next up, Movement will unlock $44.78 million in tokens, which is 2.22% of its supply. Its current price of $0.946311 and 24-hour trading volume of $280.93 million highlight its active trading. Movement's price has climbed 6.63% in the past day, indicating growing investor interest.

Kaspa, Neon EVM Unlocks to Vary in Impact: Similarly, Kaspa will unlock $22.32 million worth of tokens, which is 0.72% of its circulating supply. It’s priced at $0.128434 with a trading volume of $102.27 million. KAS has gained 4.54% in the last 24 hours.

Neon EVM (CRYPTO: NEON) presents a different dynamic- its unlock is valued at $19.79 million and represents 44.92% of its supply. Priced at $0.379958, it has a modest trading volume of $2.43 million and a minor 24-hour gain of 1.70%.

Optimism, io.net to Also Unlock Tokens: Optimism will unlock $8.41 million in tokens, which is 0.33% of its total supply. Its current price is $1.99, and its 24-hour trading volume is $287.49 million, indicating strong market activity. Optimism is up 5.60% in the last day, suggesting positive sentiment.

Finally, io.net will release $11.10 million in tokens, which is 2.50% of its circulating supply. Priced at $3.56 with a trading volume of $146.12 million, io.net is up 2.37% in the last 24 hours.

The brisk market activity in these tokens is likely to continue in the coming days, with traders keeping a close eye on the token unlocks and their impact on the crypto market.

News source:coinedition.com

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