There will be great activity in the crypto world in August. Approximately $1.5 billion worth of tokens are expected to be released, which could cause significant changes in the market. Token expansions of major projects such as Ripple, Avalanche and Wormhole attract attention. So, is it possible to predict how this large amount of tokens will affect the market? Will prices rise or fall?

Ripple and Token Expansions

In August, approximately $1.5 billion worth of tokens from major crypto projects will be unlocked. The bulk of this amount will consist of 1 billion XRP tokens, which will be released on August 1; At current prices, this equates to $609 million. Ripple, the company behind the XRP Ledger and its native token XRP, has been releasing 1 billion tokens on the first day of every month since 2017. Ripple distributes these expansions through major escrow wallets such as Ripple (24) and Ripple (25).

However, Ripple may re-lock a large portion of newly opened XRP. In June, Ripple re-locked the 800 million XRP opened on June 1, but moved to sell approximately 300 million XRP during the same period. This may mean that the amount of XRP in circulation may not be large, as the tokens can be re-escrowed.

Other Important Expansions

Other important expansions will also occur in August. Layer-1 network Avalanche and cross-chain bridging platform Wormhole will release a total of $449 million in tokens. Wormhole will release 33.3% of its circulating supply on August 3, which is 600 million W tokens and is worth approximately $180.5 million. On August 20, Avalanche will release 2.4% of AVAX tokens in circulation; This is 9.4 million AVAX tokens and is worth $268 million.

Other Token Expansions

Apart from XRP on the first day of August, other major projects will also release a significant amount of tokens:

  • Sui: Will release 2.56% of its circulating supply on August 1, which means 64 million tokens worth $50 million.

  • dYdX: It will release 8.33 million tokens on the same day, which corresponds to a circulation rate of 3.65. These tokens will be released for investors, founders and future employees.

  • ZetaChain: New layer-1 network ZetaChain will unlock 18.9% of its circulating supply on August 1. At current prices, this means 53.9 million tokens worth approximately $34.5 million, and its launch took place in February of this year.

Other important expansions include:

  • ImmutableX: Will release 2.11% of IMX tokens on August 9, equivalent to 32.5 million tokens worth $49 million.

  • Aptos: Will release $80 million worth of APT tokens on August 12.

  • The Sandbox: It will open its $69 million SAND token on August 14.

  • Starknet: Will release 64 million tokens on August 15, covering 4.4% of its circulating supply, and the current market cap of these tokens is $35 million.

  • Arbitrum (ARB): On August 16, it will open 92.6 million tokens, accounting for 2.8% of its circulating supply, and the market value of these tokens is $67 million.

These major token launches in August could cause significant changes in the crypto market. It is a matter of curiosity how the markets will react to these expansions. Considering price movements and market dynamics, investors will need to act carefully and strategically.

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