Major altcoins are unlocking $755 million in July!
In July, more than 40 projects will unlock $755 million worth of cryptocurrency tokens.
The largest amount of crypto assets to be unlocked in July 2024 is AltLayer (ALT), Xai (XAI), Aptos (APT), Arbitrum (ARB), Optimism (OP), Sui (SUI), Immutable (IMX) and Starknet ( STRK) will be.
Decentralized protocol AltLayer will unlock its largest token in July. The project will release 684 million ALT on July 25, worth approximately $125 million. Tokens will be allocated to the team, investors, advisors, protocol development, treasury ecosystem and the community.
Gaming-focused project Xai is set to release the second-largest amount, with approximately $93 million in tokens scheduled to unlock on July 9. Like AltLayer, crypto assets are for its team, investors, and ecosystem. Approximately 2 million dollars of tokens were allocated to its reserves.
The ALT price is currently around $0.17 while XAI is worth $0.435.
Aptos, which unlocked $101 million worth of tokens in May and $102 million in June, will unlock some more tokens in July. The project will release 11.31 million APT tokens worth $77 million in July. These will be allocated to the foundation, the community, core participants and investors.
Meanwhile, Arbitrum, which unlocked $95 million in May and $105 million in June, is scheduled to unlock $75 million for its advisors and investors on July 16. The project launched 1.1 billion ARB tokens worth $2.32 billion on March 16.
Since the big unlock, ARB prices have fallen by 63 percent, from $2.27 on March 8 to $0.79 at the time of writing.
Apart from these also
Optimism, Sui, Immutable, and Starknet will also unlock similar amounts in July.
