Author: Bundit, Unlocks Insights; Translated by: Deng Tong, Golden Finance
Hello fellow TokenUnlock fans! We are here to update you on the July 2024 unlocks. This month will feature significant unlocks from various projects, with Worldcoin’s $WLD leading the pack in terms of both size and value. Take a moment to check if any of your current holdings are part of this month’s unlocks, and be cautious if you have invested in them.
Top 15 tokens by unlock value in July 2024
Let’s explore the total unlocked value, including cliff unlocks and linear unlocks, for July 2024. The chart below shows the unlocked value of the top 15 projects, highlighting their size relative to circulating supply and total supply.
$WLD has the highest unlocked amount this month, exceeding $600 million, and the unlocked scale accounts for 53.36% of the current circulating supply.
$SOL is in second place with over $400 million unlocked. Despite this considerable value, due to the high market cap of $SOL, the unlocked amount only represents 0.5% of the current circulating supply.
$ALT has a large unlocked amount this month, accounting for nearly 45% of the current circulating supply.
$XAI also had the highest unlocked amount this month, accounting for 71.59% of its current circulating supply.
Top 15 Cliff Unlock Projects by Value in July 2024
Let’s review the top 15 projects with the highest value scheduled to be unlocked in July 2024.
This month, $ALT and $XAI have clear cliff unlock values at current prices, with significant increases in unlock size compared to current circulating supply, at 45% and 71% respectively.
Significant unlocking events this month are highlighted in red (unlocking size greater than 10%) and include the following:
On July 1, 2024, the unlocking scale of $MAV will be 14.56%;
On July 9, 2024, the unlocking scale of $XAI will be 71.59%;
On July 25, 2025, the unlocking scale of $ALT will be 44.99%.
July 2024 cliff unlocks tokens over a longer period of time
Thinking of investing for the long term? It’s crucial to consider the longer timeframe of token unlocking.
$ALT had a significant cliff unlock this month that will continue into this quarter and next, ranking in the top three by market cap.
$ARB will see the largest cliff unlocking by market cap before next quarter, increasing unlocking from 92M tokens to 555M tokens by the end of the year.
$XAI will remain a high issuance token between now and the end of the year, with a maximum unlock of 38% of its total supply.
Other tokens with sizable unlocks relative to their total supply include $ZETA, $DYDX, $GAL, $IMX, and $ID.
Cliff Unlock Value Comparison by Project
Long-term investors should focus on tokens with higher cliff unlock values this month, this quarter, and next quarter, sorted by unlock value in July 2024.
Projects with significant cliff unlock value between now and the end of the year can be identified by the length of the gray bar, which is significantly longer than the red and pink bars. This bar visualization makes it easier to spot coins with significant cliff unlock value, such as $1INCH. The gray bar for $1INCH is significantly longer compared to the previous quarter due to the cliff unlock scheduled for teams/investors/VCs at the end of November.
Top 15 linear and new release unlocked projects by value in July 2024
Let’s look at the top 15 projects with the highest linear unlocking volume in July 2024.
$WLD has the highest linear unlock value this month, with over $600 million set to be unlocked at current prices, nearly half of the current circulating supply.
$SOL follows closely behind with the second-largest linear unlock value this month at over $400 million, although the unlock size is relatively small at only 0.5% of the circulating supply and 0.39% of the total supply.
$MC will undergo its most significant linear token unlock this month, with over 80% of its current circulating supply set to be released.
All linear and newly issued tokens to be unlocked in July 2024
The table below lists the linear and new issuance unlocked tokens scheduled for July 2024, sorted alphabetically by each token’s symbol.
In addition to the top 15 projects with the highest linear unlock value, three other projects stand out for their significant unlock size:
$NEON ranks third in linear unlocking this month, releasing nearly half of the circulating supply.
$LBR has experienced significant linear unlocking, accounting for 11% of its current circulating supply and nearly 8% of its total supply.
$HOP stands out for its linear unlocking size of 10.79%, although its relatively low market cap results in less than $1 million worth of unlocking.
Longer time to unlock tokens for linear and new issuance in July 2024
The table below illustrates the extended timeframes for linear and new issuance unlocks for various projects.
$NEON will have a significant unlocking this year, with nearly 30% of its total supply set to be unlocked.
$LBR will continue to be unlocked this quarter until the end of the year, and the unlocking scale will reach one-quarter of the total supply by the next quarter.
The unlocking scale of $BEAM is also quite considerable, reaching 20% of the total supply by the end of the year, with an unlocked value of more than US$300 million at current prices.
Linear and New Release Unlocked Value Comparison by Project
This month, this quarter, and next quarter, sorted by unlocked value in July 2024. Long-term investors should focus on tokens with high cliff unlocked values.
When comparing unlocked value, projects with higher market caps have a greater impact than projects with smaller market caps. As shown in the above figure, most of the top 10 projects have relatively high market caps.
