💥💥💥 The cryptocurrency market faces a major test in July: $860 million in tokens to be unlocked
It is reported that about 40 cryptocurrency projects are preparing for large-scale token unlocking in July, involving a total market value of about $860 million. The following are some of the key unlocking projects:
Xai (XAI): It is expected to unlock 198 million tokens on July 9, worth about $97 million, accounting for 71.5% of its circulating supply.
Aptos (APT): It is planned to unlock 11.3 million tokens on July 12, worth nearly $79 million, which will be distributed to the foundation, community and investors.
Arbitrum (ARB): It is scheduled to issue 92.6 million tokens on July 16, worth $76 million, mainly distributed to teams, investors and consultants.
AltLayer (ALT): A large number of tokens will be unlocked on July 25, involving 684 million tokens, accounting for nearly 45% of the circulating supply, worth about $133 million, mainly for protocol development and incentives.
In addition, there are other unlocking projects worth paying attention to:
io.net (IO): 7.5 million tokens unlocked on July 1, worth $26 million.
Sui (SUI): 64 million tokens released on July 1, worth $56 million.
Starknet (STRK): 64 million tokens unlocked on July 15, worth $47 million.
Investors should be wary that prices may fluctuate as a large number of tokens are about to enter the market. Historical data shows that token prices rise by an average of 34% after unlocking events, but the actual impact may vary from project to project. Investors are advised to pay close attention to market dynamics to make wise investment decisions.
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