Token Unlocks simply occurs when previously locked tokens are moved into the private crypto wallets of initial investors, team members or partners and become freely tradable on the market. This unlock activities can have significant impact on the price of those cryptocurrencies and thus the value of your portfolio. Here are ten (10) token unlocks to watch for in August, 2024.
1. W: The Wormhole team is scheduled to unlock 600.00m of W tokens to its Advisors. This unlock amount is equivalent to 33.33% Circulating Supply and valued at $170.70m. The current unlock progress of Wormhole looks like this:
Total tokens Locked = 8.00b W (70.95%)
Unlocked tokens = 2.00b W (20.05%)
2. ENA: 14.89m ENA tokens will be unlocked 4th August, 2024 for its ecosystem development. This unlock amount is valued at $6.68m and equivalent to 0.87% of its circulating supply. The current unlock progress of ENA looks like this:
Total Locked 8.38b ENA (55.89%)
TBD locked = 5.29b ENA (35.26%)
Unlocked = 1.33b ENA (8.85%)
NB: To Be Determine (TBD) refers to the amount of tokens that have not yet been assigned a release timing.
3. LQTY: LIQUITY will unlock 493.01k LQTY tokens to its team and advisors on 4th August, 2024. This unlock amount is valued at $391.95k and equivalent to 0.51% of its circulating supply. The current unlock progress of LQTY looks like this:
Total Locked = 8.39m LQTY (8.39%)
Unlocked = 91.55m LQTY (91.55%)
Untracked = 62.50k LQTY (0.06%)
4. $IMX : Immutable will unlock 32.47m IMX tokens for its ecosystem and project development on 9th August, 2024. This unlock amount is valued at $46.76m and equivalent to 2.11% of its circulating supply
The current unlock progress of IMX looks like this:
Total Locked = 448.62m IMX (22.43%)
Unlocked = 1.55b IMX (77.57%)
5. XAI: 198.40m XAI tokens will be unlocked to its team, investors, reserve and ecosystem on 9th August, 2024. This unlock amount is valued at $11.72m and equivalent to 12.95% of its circulating supply. The current unlock progress of XAI looks like this:
Total Locked = 999.35m XAI (39.97%)
Unlocked = 500.40 XAI (20.02%)
Untracked = 1.00b XAI (40.01%)
6. RENDER : Render will unlock Total Locked 760.57k tokens as inflation amount on 15th August, 2024. This unlock amount is valued at $4.77m and equivalent to 0.19% of circulating supply. Here is the current unlock progress of RENDER:
Total locked = 30.95m RENDER (4.80%)
TBD locked = 235.03m RENDER (36.48%)
Unlocked = 309.45m RENDER (48.03%)
Untracked = 68.82m RENDER (10.68%)
7. $ARB : The Arbitrium Network will unlock 92.65m ARB tokens on 16th August, 2024 to the development team, Advisors and investors. This unlock amount is valued $66.07m and equivalent to 2.77% of it circulating supply. The current unlock progress of ARB looks like this:
Total Locked = 3.44b ARB (34.39%)
TBD locked = 3.40b ARB (34.04%)
Unlocked = 3.16b ARB (31.57%)
8. $AVAX : The Avalanche team is scheduled to launch 9.58m AVAX tokens to it strategic partners, team, foundation and airdrops on 20th August, 2024. This unlock amount is valued at $261.54m and equivalent to 2.41 of its circulating supply.
9. YGG: The Yield Guild Games team will unlock 14.08 YGG tokens to it community, founder, investors and treasury on the 27th August, 2024. This unlock amount is valued at $6.66m and equivalent to 3.73% of its circulating supply. Here is the current unlock progress of YGG:
Total Locked = 331.48m YGG (33.15%)
Unlocked = 668.52m YGG (66.85%)
10. AGIX: The Singularity network will unlock 8.32m AGIX tokens for its AGIS-ADA utility on the 28th August, 2024. This unlock amount is valued at $4.50m and equivalent to 3.73% of its circulating supply. Here is the current unlock progress of AGIX:
Total Locked = 554.64m AGIX (27.73%)
Unlocked = 1.45b AGIX (72.27%)
Finally, these unlock activities can have significant impact on the price of the cryptocurrencies and thus the value of your portfolio. Trade safely.
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