๐จ MAJOR CRYPTO PROJECTS SET TO UNLOCK $755M IN JULY ๐จ
๐ฅ This July will witness the release of cryptocurrency tokens totaling $755 million as vesting periods for over 40 projects conclude.
๐ Why is this significant?
If you hold any of these tokens, be prepared for potential significant price movements due to increased selling pressure and new trading opportunities.
๐ Key Token Unlocks in July:
1. AltLayer (ALT)
๐ Unlock Date: July 25
๐ฐ Amount: 684 million ALT tokens
๐ต Value: $125 million
Allocation: Team, investors, advisers, protocol development, treasury, community
๐ Current Price: ~$0.18
2. Xai (XAI)
๐ Unlock Date: July 9
๐ฐ Amount: Significant portion of $93 million in tokens
Allocation: Team, investors, ecosystem, reserves
๐ Current Price: ~$0.46
3. Aptos (APT)
๐ Unlock Date: July (exact date unspecified)
๐ฐ Amount: 11.31 million APT tokens
๐ต Value: $77 million
Allocation: Foundation, community, core contributors, investors
๐ Current Price: ~$6.99
๐ง Importance:
The release of these tokens could lead to heightened selling pressure, impacting their prices. For instance, Aptos (APT) has seen a notable price decline from $17.63 in April to $6.99 in June.
๐ Key Dates to Monitor:
July 9: Xai (XAI) unlocks $93 million in tokens.
July 16: Arbitrum (ARB) releases $75 million in tokens.
July 25: AltLayer (ALT) unlocks $125 million, the largest release.
๐ Other Projects Unlocking Tokens:
Arbitrum (ARB): $75 million on July 16, following previous unlocks in May and June.
Optimism (OP), Sui (SUI), Immutable (IMX), Starknet (STRK): Similar token releases expected.
๐ก With substantial token unlocks ahead, it's crucial for investors to stay informed and prepared.
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for updates and like the post!