August is a HUGE month for token unlocks.
The biggest unlocks are $AVAX , $W and $WLD , with:
🥇
$270.3M worth of ($AVAX)will be unlocked to:
- Team and Foundation (65%)
- Partners (23%)
- Airdrop (12%)
This unlock is not as significant as the others, adding only 2.4% to the current circ. supply (62.8%).
Therefore, I do not expect big volatility caused by this unlock
☑️
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Moving on...
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🥈
$178.6M worth of ($W) will be unlocked to:
- Community and launch (100%)
This cliff adds ~33.3% to the circ. supply, which is a HUGE unlock considering that only 20% is in circulation now.
Since 100% of the tokens go to public distribution, I expect bigger volatility from this unlock than $AVAX
❌
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Lastly...
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🥉
$21.42M (Per 7D) worth of ($WLD) will be unlocked to
- Team and Investors (100%)
The linear vesting of $3.06M ($WLD) everyday is an extremely dilutive schedule that is likely to crash the current Mcap of ~$700M.
I would advise staying away from $WLD, as SamAltman could say anything at any time and disrupt your plan.
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Quick notes:
✏️
Most of these tokens still have little to 0 utility, aside from being used for liquidity bootstrapping and "governance purpose"
✏️
$IMX, $SAND, and $APE are close to having 100% unlock. Therefore, volatility caused by further unlocks is expected to be lower.
Lastly, this post is for educational purposes.
NFA and opinions are my own.