Top 5 Crypto Token Unlocks For December 2024

The Top 5 December Token Unlocks will release $1.05 billion (₱58.6 billion) worth of crypto.

What’s the significance: Investors should stay updated on the top 5 crypto token unlocks for December 2024, as these events can greatly impact market prices, investment decisions, and risk management strategies.

This month, over $1.05 billion worth of crypto from the top 5 token unlocks is expected.

Token unlocks happen under specific conditions, allowing trading of previously restricted tokens. 

• This gradual release strategy discourages immediate selling by early stakeholders, promotes price stability, and aligns token holders’ interests with the project’s long-term success.

(Read more: List of Free Telegram Games with Potential Airdrop – Tap To Earn Games and 10 Potential Crypto Airdrops to Watch Out For in 2024)

What are token unlocks?

Token unlocking is a process enabling the trading of cryptocurrencies or digital tokens after predetermined timeframes or conditions are met. This approach discourages immediate selling by team members, advisors, and early investors.

December 2024 Token Unlocks

Sui (SUI)

• Unlock Date:  December 1
• Tokens: 64.19 million SUI ($221.47 million)
• About SUI:

The SUI token serves as the governance and utility token for the Sui Network, allowing users to hold, spend, transfer, and stake it. 

As a governance token, SUI enables holders to participate in protocol decisions by proposing and voting on updates to the Sui protocol, including adjustments to the fee structure and distribution among platform users.

This month’s cliff unlock involves the distribution of 12.63 million SUI to the Community Reserve, 2.07 million SUI to Mysten Labs Treasury, 10.34 million SUI to Early Contributors, 19.32 million SUI for Series B, and 19.84 million SUI for Series A.

The total SUI supply consists of 1.87 billion SUI (18.67%) currently locked, 5.22 billion SUI (52.17%) locked under TBD status, and 2.92 billion SUI (29.15%) already unlocked.

JITO (JTO)

• Unlock Date: December 7
• Tokens: 135.71 JTO million SUI ($506.21 million)
• About JTO:

Jito (JTO) is the governance token for the Jito Network, a liquid staking platform on Solana. It serves several key purposes, including enabling JTO holders to actively participate in the governance and strategic direction of the Jito Network.

This month Jito will allocate 54.05 million JTO ($201.60 million) to investors and 81.67 million JTO ($304.62 million) to core contributors, reflecting significant portions of the circulating supply and market capitalization.

Aptos (APT)

• Unlock Date: December 11
• Tokens: 11.3 million APT ($153.36 million)
• About APT: 

The APT token acts as both a utility and governance token within its ecosystem, serving as the native currency for transaction and network fees on the Aptos network. It also incentivizes validator nodes and project participants on Aptos by offering rewards.

For 2024’s last month, Aptos will distribute 3.96 million APT to core contributors, 2.81 million APT to investors, 3.21 million APT to the community, and 1.33 million APT to the foundation.

Arbitrum (ARB)

• Unlock Date: December 16
• Tokens: 92.65 million ARB ($91.03 million)
• About ARB:

The ARB token serves as a utility token on the Arbitrum Network. Users can use ARB to cover transaction fees, and token holders play a role in governance, influencing decisions such as fund distribution and Security Council elections.

For this cliff unlock, Arbitrum allocates 3.96 million APT to core contributors, 2.81 million APT to investors, 3.21 million APT to the community, and 1.33 million APT to the foundation, each constituting a share of the circulating supply and market capitalization.

Optimism (OP)

• Unlock Date: December 31
• Tokens:  31.34 million OP ($78.35 million)
• About OP

Optimism is the native token of the Optimism Network, a Layer 2 solution for Ethereum that makes transactions faster and cheaper. OP is mainly used for governance, allowing token holders to help make decisions about the network’s development and funding.

In addition to governance, OP tokens are used to reward users and developers to grow the ecosystem. Future uses of the token may include staking to further encourage participation and support the network’s growth.

This month, the solution allocates 14.80 million OP to investors and 16.54 million OP to core contributors.