Tokenomist Flags Aztec's 797.5M Token Unlock, Recipient Details Remain Unclear

Aztec's next token unlock is scheduled for today, 13 November 2026. About 797.5 million AZTEC, roughly 7.7% of the 10.35 billion total supply and worth about $9.88 million at recent prices, is due to become transferable.

Who gets it is the open question. Tokenomist's live Aztec page now assigns the release to the "Token Sale - Phase 1 Genesis Sequencers Sale" allocation. The previews that ran this week say the whole release goes to the Aztec Foundation. Tokenomist has also flagged the unlock as pending verification, so the size is a projection rather than a record.

• The news: Aztec's 13 November 2026 unlock is scheduled, but the recipient is disputed between the Aztec Foundation and the Genesis Sequencers Sale allocation.
• The figure: about 797.5 million AZTEC, roughly 7.7% of total supply and about $9.88 million in value, dated 13 November 2026.
• What happens next: Tokenomist clearing its pending-verification flag, and the Foundation's sequencer delegations on 1 December, are the two events that will clarify it.

Tokenomist's Page Points at Genesis Sequencers

The tracker's live page reads: "The next unlock for Aztec is scheduled for November 13, 2026, released to Token Sale - Phase 1 Genesis Sequencers Sale." The same page lists that allocation at 1.93% of total supply, beside Investors & Early Backers at 27.25%, Team at 21.06%, Foundation at 11.71% and Ecosystem Grants at 10.73%.

Put the two statements side by side and they strain. The bucket the tracker names holds 1.93% of total supply; the release being previewed is 7.7% of it. They don't reconcile on their face, which is one reason to treat the recipient as unsettled.

Aztec's own forum reference for its token generation event describes the category the tracker's label points at. An NCATP, or Non Claimable ATP, is used for Genesis Sequencers and for public sale participants who purchased more than 200,000 AZTEC. The same post sets out a governance lock with an extended term of 365 days from START_TIME and an accelerated term of 90 days that needs a governance vote, with a seven-day execution delay once a vote passes.

The Size Is a Projection, Not a Record

Tokenomist's live page gives no release size for 13 November at all. The 797.5 million figure comes from the previews, and the tracker has marked the unlock as pending verification, so both halves of the story, the amount and the recipient, rest on a schedule rather than a confirmed transfer.

The supply numbers disagree in the same way. Tokenomist's page puts 3,308,072,024 AZTEC unlocked, 31.96% of total supply, and lists circulation at 2,995,106,696 AZTEC, or 28.94%. A preview published this week gives released supply as 2.51 billion tokens.

Unlocked, circulating and released are three different measures. The same 797.5 million tokens is 7.7% of total supply and 31.81% of released supply, depending on which denominator you pick, and that gap is where most of the confusion in this story sits. The schedule runs into 2028, with most allocations released through cliffs, so this is one release in a long series.

A $10 Million Release in a $1.4 Million Market

Daily volume has been running around $1.4 million. A release worth roughly $10 million is therefore close to seven days of trading, which is the number that matters if you hold AZTEC and are wondering how much supply the book can absorb.

Tokenomist lists Aztec's fully diluted valuation at $123,527,250, covering all 10.35 billion tokens rather than only the unlocked supply. It also notes that Aztec has shown low volatility seven days after past unlocks. That is a historical pattern, and it does not settle anything here, where the size and the recipient are both still open.

The Foundation Is Delegating 100 Million AZTEC

Separate from the unlock, the Aztec Foundation is delegating 100 million AZTEC to sequencer operators in six-month cohorts. Applications close Friday 20 November, selected operators are announced 24 November, and delegations are made 1 December.

Operators need at least three months running sequencers on mainnet, at least 1 million AZTEC staked, and at least 95% of attestations and 95% of proposals landing on Ethereum over the last 90 days. The five largest operators by stake are not eligible, a rule meant to spread stake more widely.

Aztec's token page puts the sequencer bar at 200,000 AZTEC staked to run a node and earn emissions, so the program's 1 million floor is set well above the network minimum. The Foundation says the program "keeps the governance voting power on its delegated stake and does not vote with it, so the program doesn't shift influence over network upgrades."

That distinction matters for anyone reading the two stories together. Delegation moves staking weight and emissions, not votes.

What Would Settle the Recipient Question

The chain is the final word. Whoever the 797.5 million tokens land with, Foundation wallet or Genesis Sequencer recipients, settles the dispute in a way no tracker page can. The transfer's sender, recipient and amount were not confirmed on-chain in the material behind this piece, and the recipient stays open until they are.

Two nearer dates help. Tokenomist can clear its pending-verification flag on the 13 November release, and the Foundation's own posts would settle it; its X account could not be read directly here, so its words on the release are still missing.

Until then, the defensible reading is narrow: Aztec has a large unlock due today, about 797.5 million AZTEC, equal to 7.7% of total supply and 31.81% of released supply, in a token that trades roughly $1.4 million a day.