Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.

Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.

3 Unlocks to Watch This Week

Xai (XAI)

  • Unlock Date: July 9

  • Number of Unlocked Tokens: 198,400,000 XAI

  • Current Circulating Supply: 277,118,150 XAI

Xai is the first-of-its-kind third-level gaming blockchain. Leveraging Arbitrum technology, Xai emphasizes simplicity and ease of use, eliminating the complexities of wallet management and seamlessly integrating blockchain as a part of the gaming ecosystem.

On July 9, the project will unlock nearly 200 million #XAI tokens, which accounts for over 70% of the current circulating supply. The crypto community is actively discussing the potential impact of such a significant unlock on the altcoin's price.

ImmutableX (IMX)

  • Unlock Date: July 12

  • Number of Unlocked Tokens: 32,470,000 IMX

  • Current Circulating Supply: 1,507,875,589 IMX

Immutable X is a second-layer (L2) scaling solution for NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million in just one hour during the IMX token sale on CoinList, followed by a $60 million investment round. In March 2022, it secured an additional $200 million from ParaFi Capital, Declaration Partners, Tencent Holdings, and other companies.

On July 12, the circulating supply of #IMX will increase by 32.5 million. The unlocked tokens will be allocated towards the development of the Immutable project and its ecosystem.

Aptos (APT)

  • Unlock Date: July 12

  • Number of Unlocked Tokens: 11,310,000 APT

  • Current Circulating Supply: 453,954,859 APT

While the first-layer blockchain Aptos can certainly be considered one of the most successful projects of 2023, it frequently faces criticism from the crypto community for its tokenomics, which is heavily dominated by venture capital. The majority of the #APT supply is still locked. Unlocks will occur monthly over the next ten years. The tokens released on July 12 will be distributed among the Aptos Foundation, community participants, and investors.

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