The token unlocking events in July are indeed very eye-catching, and investors should pay close attention to avoid being accidentally locked in.
First, Xai, a Layer 3 gaming project built on Arbitrum, will unlock nearly 200 million tokens on July 9, accounting for 72% of its circulating supply, worth about $70 million. This large-scale unlocking may cause market volatility.
In addition, ImmutableX, a Web3 gaming company, will also unlock its tokens on July 12, accounting for 2.15% of its circulating supply, worth about $43 million.
Aptos, a project composed of former members of the Facebook Libra project, also unlocked 2.49% of its circulating supply on July 12, worth about $68 million.
In addition, the tokens of Layer 2 networks StarkNet and Arbitrum will also be unlocked in July, accounting for 4.9% and 2.9% of the total, respectively, with a value of about $37 million and $64 million, respectively.
Finally, the token unlocking of the Worldcoin project will be a long-term process, starting from July 24, unlocking 3.19 million tokens per day, worth about $6.7 million. Such an unlocking speed may exert continuous pressure on the market.
In addition to these projects, tokens of projects such as Axie Infinity, Ape and Pixels will also be unlocked in July. These large-scale unlocking activities may cause drastic market fluctuations. Investors should pay close attention to market dynamics and adjust their investment strategies according to the situation.
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