In the second week of December, coins worth more than 237 million USD will enter the crypto market. The three main systems are Aptos (APT), Linea (LINEA), and Cheelee (CHEEL), which will release new coins into the market.
These events may create volatility and affect price movements in the short term. Here are the details to watch for each project.
1. Aptos (APT)
Unlock date: December 11
Number of coins to be unlocked: 11.31 million APT (0.96% of the 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 the Web3 ecosystem. It utilizes the Move programming language for fast transactions and smart contract execution.
Aptos will release 11.31 million coins on December 11 as part of a monthly unlock schedule. These coins are valued at 19.79 million USD, representing 0.80% of the already released supply.
The team will reward 3.96 million APT to core contributors, while the community and investors will receive 3.21 million and 2.81 million coins, respectively. Additionally, Aptos will allocate 1.33 million coins to the foundation.
2. Linea (LINEA)
Unlock date: December 10
Number of coins to be unlocked: 1.38 billion LINEA (1.92% of the total supply)
Current circulating supply: 16.7 billion LINEA
Total supply: 72 billion LINEA
Linea is a Layer-2 zkEVM scaling solution for Ethereum (ETH) that provides fast and low-cost transactions while maintaining compatibility with Ethereum's tools and security.
On December 10, the project will unlock 1.38 billion tokens worth approximately 11 million USD, with this token representing 6.76% of the circulating supply.
Linea will distribute the supply in three ways: 600.08 million tokens for long-term compliance, 480.07 million LINEA for Ignition, and 300.07 million tokens for future airdrops.
3. Cheelee (CHEEL)
Unlock date: December 13
Number of tokens unlocked: 20.81 million CHEEL (2.08% of the total supply)
Total supply: 1 billion CHEEL
Cheelee is a SocialFi platform that rewards users with LEE tokens for watching short videos, combining familiar social media mechanics with blockchain-based incentives, using CHEEL tokens for management, content promotion, and advertising.
The team will unlock 20.81 million tokens on December 13, with these tokens valued at approximately 10.86 million USD, representing 2.86% of the currently unlocked supply.
Cheelee will retain 10.58 million tokens for rewards. Additionally, 7.55 million tokens will be allocated for marketing and 2.64 million tokens for liquidity. Finally, the team will send 36,720 tokens for community drops.
In addition to these three coins, other notable token unlocks that investors can look for this week include Axie Infinity (AXS), BounceBit (BB), and Movement (MOVE).
