In July, cryptocurrency tokens worth $755 million will be unlocked as vesting periods expire for over 40 projects.

Vesting in crypto prevents early investors and team members from selling their tokens immediately, thereby stabilizing prices in the early stages of a project.

According to Token Unlocks, the largest amount of crypto assets scheduled to be unlocked in July 2024 belongs to AltLayer (ALT), Xai (XAI), Aptos (APT), Arbitrum (ARB), Optimism (OP), Sui (SUI), Immutable (IMX), and Starknet (STRK).

Largest token unlocks anticipated in July

In July, the decentralized protocol AltLayer will unlock its largest token allocation. On July 25, the project plans to release 684 million ALT tokens, valued at approximately $125 million. These tokens are allocated to team members, investors, advisers, protocol development, treasury, ecosystem, and community.

Following AltLayer, gaming-focused project Xai will unlock the second-largest amount, with about $93 million in tokens scheduled for release on July 9. Similar to AltLayer, these crypto assets are designated for team members, investors, and ecosystem development, with an additional $2 million allocated to reserves.

Projects frequently releasing unlocked tokens

Aptos, which unlocked $101 million in May and $102 million in June, is set to release another batch of tokens in July. The project will unlock 11.31 million APT tokens valued at $77 million, allocated to its foundation, community, core contributors, and investors.

Source: CoinGecko

In the past three months, APT’s price has plummeted from a peak of $17.63 on April 1 to $6.99 on June 28, marking a 60% decline from April to June.

Meanwhile, Arbitrum, which released $95 million in May and $105 million in June, is slated to unlock an additional $75 million in tokens for its team, advisers, and investors on July 16. The project previously released 1.1 billion ARB tokens valued at $2.32 billion on March 16.

Following the significant token release, ARB prices have plummeted by 63%, dropping from a high of $2.27 on March 8 to $0.82 at the current time.

Additionally, Optimism, Sui, Immutable, and Starknet, which recently unlocked millions worth of their native tokens in the past two months, are also scheduled to unlock similar amounts in July.

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