Unlocking Token Supply: Aptos, ApeCoin, and Optimism’s July Release – How Will Prices Respond?

• A substantial number of Aptos, ApeCoin, and Optimism tokens are scheduled for release in July, which could potentially affect their market prices due to increased supply.
• The extent of the price fluctuation will depend on overall crypto market performance, market sentiment, and each token’s liquidity.

July 2023 is marked as a significant month for the crypto ecosystem as a substantial volume of Aptos (APT), ApeCoin (APE), and Optimism (OP) tokens will be unlocked, potentially exerting downward pressure on their prices due to increased supply. The market’s reaction to this increase, however, may be moderated by the general crypto market performance and prevailing sentiment.

Token Unlocking: Aptos, ApeCoin, and Optimism on the Roster

Starting July 3, Aptos leads the wave with the scheduled release of approximately 4.54 million APT tokens, equivalent to about $33 million. This unlocked quantity represents 2.17% of the current circulating supply, with only 17% of total APTs unlocked so far. The total Aptos supply is 1,042,713,962 tokens, with 209,061,786 APT in circulation.

Following Aptos, ApeCoin plans to unlock 15.60 million APE tokens on July 17. These tokens, accounting for 4.23% of the circulating supply, have a spot rate value of over $34.3 million. ApeCoin has a total supply of 1 billion tokens, of which 368,593,750 APE are in circulation.

Lastly, on July 30, Optimism will unlock tokens in line with their monthly emission schedule. The layer-2 scaling platform is set to release 24.16 million OP tokens, estimated at over $32 million. To date, 16% of the total supply has been unlocked, with a total of 644,594,782 OP in circulation out of a possible 4,294,967,296 OP.

Navigating the Tide of Token Unlocks

Token vesting schedules form part of a broader strategy to sustain token prices and incentivize early investors. Tokens acquired during crowdfunding phases are typically locked for a predetermined period and then released following a vesting schedule. This approach is primarily aimed at preventing price dumps upon exchange listings and aligning the interests of investors and team members.

The effects of these token unlocks on APT, APE, and OP prices remain uncertain. Nevertheless, increased supply could potentially lead to a decrease in spot prices, depending on each token’s liquidity and market dynamics.