Weekly Token Unlock Preview: HFT and APT both ushered in the largest unlocking in history

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! [Weekly Token Unlock Preview: 9 projects unlocked, of which 3 projects exceed 10 million US dollars] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-5a73f13752-dd1a6f-cd5cc0.webp)

Only 5 well-known projects will have their token unlocks next week. Including GLMR, HFT, EUL, 1INCH, APT.

Although there are few unlocks, there are only two large unlocks that deserve special attention from investors. Both HFT and APT will have a “historic” unlock event.

Among them, HFT will usher in the largest single unlock in the whole life cycle. And APT is also facing its biggest single unlock since the Genesis event. Whether in terms of the amount unlocked or the share unlocked, next week’s token unlocking event is particularly noteworthy.

The specific unlock details are as follows:

! [Weekly Token Unlock Preview: HFT and APT Usher in the Largest Unlock in History] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-42b1826236-dd1a6f-cd5cc0.webp)

Hashflow

Project Official Website:

Official Twitter:

Unlocked this time: 160 million

Amount unlocked this time: (approx.) $42.09 million

Hashflow is a decentralized exchange designed to enable zero-slippage and MEV-protected trading. Hashflow is currently available on multiple chains such as Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism; Managing liquidity through the introduction of professional market makers provides better trading prices with less slippage.

This unlock of HFT Token is the largest single unlock in the entire life cycle of the token, and the scale of the unlock is worthy of everyone’s attention.

! [Weekly Token Unlock Preview: HFT and APT Usher in the Largest Unlock in History] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-3a2510e073-dd1a6f-cd5cc0.webp)

From the perspective of unlocking history, HFT tokens have been unlocked in a linear manner in an orderly manner, and each month will usher in an unlock of a similar scale. So far, 26% of the total supply of HFT has entered circulation, with 74% of tokens still waiting to be unlocked.

Tokens belonging to the team, early investors, market makers, and future employees are the reason for this large unlock. 75% of all four tokens are released linearly over a period of 36 months, unlocking monthly. However, the remaining 25% will be released in a lump sum one year after the token launch (i.e. next week). As a result, this triggered a huge unlock that was close to the circulating amount this time.

The 160 million tokens unlocked this time account for about 73% of the circulating supply, which also means that the circulating supply of HFT has nearly doubled overnight.

This unlock is the largest single unlock in the history of HFT’s entire life cycle, and it will never be unlocked of the same scale before or in the future. This unlock may impact the market, and investors should seize trading opportunities or avoid related risks in a timely manner.

Suitable

Project Official Website:

Official Twitter:

Unlocked this time: 24.84 million

Amount unlocked: (approx.) $175 million

Aptos is one of the two giants of the Move series that has attracted much attention in the previous period, and this new Layer 1, which is supported by Facebook’s background and technology, has attracted the attention of 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 one billion users to the crypto world.

In terms of circulation, although APT unlocks are much lower than HFT, unlocks that account for 10% of the circulating supply are still uncommon for large unlocks.

The Aptos project has a large market capitalization, and the tokens unlocked this time are also up to about $175 million.

! [Weekly Token Unlock Preview: HFT and APT Usher in the Largest Unlock in History] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-3d6065a96b-dd1a6f-cd5cc0.webp)

Judging from the unlocking history, APT has been unlocked every month before, and the unlock scale is similar every month. After this unlock, the monthly unlock scale will change.

Therefore, this APT unlock is also the largest single unlock so far.

The more than $170 million unlocked APT this time is worth the attention of investors. When compared to trading volume, CoinGecko data shows that the APT has a 24-hour trading volume of about $75 million.

Regular unlocking

Except for HFT and APT, which are two historical large-scale unlocks, the unlocking volume of other tokens next week will be less than 1% of the circulating supply. These include the Polkadot ecosystem, Moonbeam token GLMR, DeFi project Euler token EUL, and the established DEX project 1inch token 1INCH.