In the second week of December, tokens worth over 237 million dollars will hit the market. Three major ecosystems, Aptos (APT), Linea (LINEA), and Cheelee (CHEEL), will release new token amounts.
These events may increase volatility and impact price movements in the short term. Here’s a summary of what to watch for from each project.
1. Aptos (APT)
Opening date: December 11
Number of opening tokens: 11.31 million APT (0.96% of total supply)
Current circulating supply: 736 million APT
Total supply: 1.18 billion APT
Aptos is a Layer-1 blockchain platform designed for scalability, security, and efficiency in decentralized applications (dApps) and Web3 ecosystems. It leverages the Move programming language to enable high throughput transactions and smart contract execution.
Aptos will release 11.31 million tokens on December 11, following its monthly token releases. The tokens are valued at 19.79 million dollars. They represent 0.80% of the total issued supply.
The team rewards core contributors with 3.96 million APT. The community and investors receive 3.21 million and 2.81 million tokens, respectively. Additionally, Aptos allocates 1.33 million tokens to the foundation.
2. Linea (LINEA)
Release date: December 10
Number of releasing tokens: 1.38 billion LINEA (1.92% of total supply)
Current circulating supply: 16.7 billion LINEA
Total supply: 72 billion LINEA
Linea is a zkEVM Layer-2 scaling solution for Ethereum (ETH). The network offers fast, inexpensive transactions while maintaining compatibility with Ethereum's tools and security.
On December 10, the project will release 1.38 billion tokens, valued at approximately 11 million dollars. This batch contains 6.76% of the circulating supply.
Linea divides its supply into three parts: 600.08 million tokens for long-term orientation, 480.07 million LINEA for Ignition, and 300.07 million tokens for future airdrops.
3. Cheelee (CHEEL)
Release date: December 13
Number of releasing tokens: 20.81 million CHEEL (2.08% of total supply)
Total supply: 1 billion CHEEL
Cheelee is a SocialFi hybrid that rewards users with LEE tokens for watching short videos. It combines familiar social media mechanisms with blockchain-based incentives. The platform uses the CHEEL token for governance, content promotion, and advertising.
The team will release 20.81 million tokens on December 13. The tokens are valued at approximately 10.86 million dollars and represent 2.86% of the current issued supply.
Cheelee holds 10.58 million tokens as rewards. Additionally, it allocates 7.55 million tokens for marketing and 2.64 million for liquidity. Finally, the team directs 36,720 tokens for community distribution.
In addition to these three, other significant token releases that investors can watch this week include Axie Infinity (AXS), BounceBit (BB), and Movement (MOVE).
