The price of Worldcoin WLD
+1.29%
's token is currently down about 80% from its peak in March, shortly after fellow Sam Altman co-founded company OpenAI released its text-to-video generative AI model Sora. And yet, Worldcoin will soon double its daily rate of token unlocks, alongside several other critical projects in crypto which are scheduled to release millions of dollars worth of tokens into the market.
Here are all the significant token unlocks, worth $10 million or more at current prices, for the remainder of July.
Xai: July 9, $70 million
Xai, a Layer 3 gaming-based project built on Arbitrum ARB
-1.98%
, will undergo its second token unlock event on July 9, unlocking nearly 200 million tokens, 72% of its circulating supply, at a current value of about $70 million. Xai is built on the Arbitrum Orbit stack and will be home to Ex Populus games.
ImmutableX: July 12, $43 million
Web3 gaming firm ImmutableX IMX
-5.79%
will unlock 2.15% of its circulating supply, 32.5 million tokens at a current value of $43 million, on July 12. VanEck said last December that the release of Web3 games like Illuvium could catapult ImmutableX into a top 25 token by market cap in 2024.
Aptos: July 12, $68 million
Aptos APT
-2.79%
, one of two projects largely staffed by former members of Facebook's Libra currency project (the other one being Sui SUI
-1.96%
), will unlock another 2.49% of its circulating supply on July 12, 11.31 million tokens at a current value of around $68 million.
StarkNet: July 15, $37 million
StarkNet STRK
-0.28%
, the Ethereum ETH
-2.12%
Layer 2 network which unveiled its 2024 roadmap in March and promised to enhance throughput and reduce transaction fees, will unlock 64 million tokens on July 15, representing 4.9% of the token's circulating supply. The current value of the tokens is about $36.7 million.
RELATED INDICES
Arbitrum: July 16, $64 million
Arbitrum, which recently became the first Layer 2 network to hit $150 billion total volume on Uniswap, will unlock 2.9% of its circulating supply on June 16. The 92.6 million tokens have a current value of about $64 million.
Worldcoin: July 24, $13 million per day
Worldcoin has already been unlocking tokens at a consistent rate of 3.19 million tokens, currently worth about $6.7 million, every day since July 24, 2023, at which point there was also a 500 million initial token unlock. Starting on July 24, 2024, that rate will more than double to 6.62 million tokens per day for two years, a current value of $13.3 million per day.
Four former Apple, Google, Meta, Tesla and X executives recently joined the ranks of the Sam Altman co-founded project, which also recently announced its Worldchain Layer 2 blockchain.
Other significant unlocks
July 16: Axie Infinity AXS
-3.16%
will unlock 1.66% of its circulating supply, 2.45 million tokens at a current value of about $12.5 million.
July 17: Apecoin will unlock 2.31% of its circulating supply, 15.6 million tokens at a current value of about $11.9 million.
July 19: Pixels will unlock 7% of its circulating supply, 54.4 million tokens at a current value of about $10.5 million.
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