The cryptocurrency market is preparing for an important period with the upcoming token unlocks. According to IntoTheBlock data, a large percentage of the total token supply of various projects will be released. This can have a significant impact on market dynamics and investor sentiment as it can affect liquidity and price movements.

The first project to stand out in this process will be Wormhole, the leading cross-chain blockchain protocol. On August 3, 2024, Wormhole will release 33.33% of the total token supply. This event seems to attract great attention from investors and traders.

The Mode platform will release 14.25% tokens on August 5, 2024, as a platform that offers blockchain-based financial services. This major unlocking will be closely watched by market participants.

Popular play-to-earn gaming platform Axie Infinity will release 1.68% of its token supply on July 16, 2024. Since Axie Infinity has a strong fan base and active community, this gradual release can be a strategic move and keep the ecosystem balanced.

The decentralized metaverse platform The Sandbox will release 9.07% of its token supply on August 14, 2024. The Sandbox is known for its pioneering initiatives in the virtual gaming space and can provide liquidity to new projects through the release of additional tokens.

On August 20, 2024, blockchain platform Avalanche will release 2.42% of the token supply. This event could boost network activity and support the growth of its ecosystem, given Avalanche's reputation for scalability and speed.

Overall, the planned token unlocks for Wormhole, Mode, Axie Infinity, The Sandbox, and Avalanche are important events that could shape the crypto market in the short term. These events can have an impact on token prices, liquidity and overall market sentiment. Investors and traders should follow these developments closely and plan their investment strategies accordingly.

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