💥💥💥 Crypto market faces $860M token unlocks in July
Around 40 cryptocurrency projects are preparing for significant token unlocks in July, totaling approximately $860 million in market value. Among the largest releases:
1. Xai (XAI): Plans to unlock 198 million tokens on July 9, valued at $97 million, representing 71.5% of its circulating supply.
2. #Aptos (APT): Unlocks 11.3 million tokens on July 12, valued at nearly $79 million, allocated for foundation, community, and investors.
3. Arbitrum (ARB): Scheduled to release 92.6 million tokens on July 16, valued at $76 million, distributed among team, investors, and advisors.
4. #AltLayer (ALT): Token unlock on July 25 involves 684 million tokens, nearly 45% of circulating supply, valued at around $133 million, for protocol development and incentives.
Other notable unlocks include:
- #io.net (IO): Unlocking 7.5 million tokens on July 1, valued at $26 million.
- Sui (#SUI🔥 ): Releasing 64 million tokens on July 1, valued at $56 million.
- Starknet (STRK): Unlocking 64 million tokens on July 15, valued at $47 million.
Investors anticipate potential price fluctuations due to increased token supply entering the market. Historical data suggests tokens typically rise by an average of 34% post-unlock, but impacts can vary widely. Stay informed to navigate cryptocurrency investments effectively.
Source - cryptobriefing.com
