According to TechFlow, Cointelegraph reported that more than 40 crypto projects will unlock crypto assets worth $755 million in July. These projects include AltLayer, Arbitrum, Optimism, etc.
According to Token Unlocks data, the project with the largest unlocking volume in July is AltLayer (ALT), which is expected to unlock 684 million tokens, worth about $125 million, on July 25. It is followed by Xai (XAI), which will unlock tokens worth about $93 million on July 9.
In addition, projects such as Aptos, Arbitrum, Optimism, Sui, Immutable, and Starknet will also unlock a large number of tokens in July. For example, Aptos will unlock $77 million worth of tokens in July, while Arbitrum plans to unlock $75 million worth of tokens on July 16.
Unlocking mechanisms are usually used to prevent early investors and team members from selling a large number of tokens in the early stages of a project to avoid a sharp drop in prices. These unlocking events may have a certain impact on the market, and investors need to pay close attention to relevant developments.