Happycoin.club - Worldcoin's price is now down about 80% from its March peak, shortly after Sam Altman-led OpenAI unveiled its Sora AI model for text-to-video conversion. Despite the drop in value, Worldcoin will soon double its daily token unlock rate and the market will be flooded with millions of dollars worth of tokens from other important crypto projects.
Let's look at the most significant unlocks of tokens worth $10 million or more at current prices, which will occur before the end of July.
Xai: July 9, $70 million Tier 3 gaming network Xai, built on Arbitrum, will hold its second unlock on July 9, releasing nearly 200 million tokens (72% of the total supply) with a current value of approximately $70 million. Xai is built on the Arbitrum Orbit stack and will be home to games from the Ex Populus ecosystem.
ImmutableX: July 12, $43 million On July 12, Web3 game developer ImmutableX will unlock 32.5 million tokens (2.15% of the total supply), with a current value of $43 million. Last December, investment firm VanEck said that the release of Web3 games like Illuvium could propel ImmutableX into the top 25 tokens on the market in 2024.
Aptos: July 12, $68 million Aptos, one of two projects (the other being Sui) staffed primarily by former members of Facebook's (NASDAQ:META) Libra currency project, will unlock another 11.31 million tokens on July 12 (2.49 % of total supply) amounting to about $68 million.
StarkNet: July 15, $37 million Ethereum's second layer network, StarkNet, which unveiled its 2024 roadmap in March and promised to increase throughput and reduce transaction fees, will unlock 64 million tokens (4.9% of total supply) on July 15 ), the cost of which at current prices is about $36.7 million.
Arbitrum: July 16, $64 million Arbitrum, which recently became the first layer 2 network to exceed $150 billion in total transaction volume on Uniswap, will unlock 2.9% of its supply on June 16. The current value of 92.6 million tokens is approximately $64 million.
Worldcoin: July 24, $13 million per day Since July 24, 2023, when the initial unlock of 500 million tokens was made, Worldcoin has been issuing 3.19 million tokens per day (current value of approximately $6.7 million). Starting on July 24, 2024, the unlocking rate will more than double, and 6.62 million tokens will be issued every day for two years (current value: $13.3 million).
Other important unlocks on July 16: Axie Infinity will unlock 2.45 million tokens (1.66% of the total supply), the current value of which is approximately $12.5 million.
July 17: Apecoin will release 15.6 million tokens to the market (2.31% of the total supply), the current value is approximately $11.9 million.
July 19: Pixels unlocks 54.4 million tokens (7% of total supply) at a price of approximately $10.5 million.
