The cryptocurrency world will witness major token expansions in August, which will start tomorrow. In total, approximately 800 million dollars of token expansion will take place in 48 projects. The largest token expansion in this period will be in the Avalanche (AVAX) project with 255 million dollars.
One of the issues that cryptocurrency investors focus on most is token expansions in projects. The ratio of the number of tokens in circulation to the total supply and the timing of expansions are important details that investors are interested in. These factors can directly affect a project's market value and investor return.
In August, cryptocurrency projects will launch tokens worth $785 million in total. During this period, there will be projects ranging from a few thousand dollars to over 250 million dollars. The project with the largest token expansion in August will be Avalanche (AVAX); On August 20, $254.5 million worth of tokens will enter circulation.
Details of some important token expansions in August are as follows:
AVAX: August 20 – $254 million expansion
Wormhole: August 3 – $154 million expansion
Aptos: August 12 – $74.6 million expansion
Sandbox: August 14 – $66.2 million expansion
Arbitrum: August 16 – $63 million expansion
Optimism: August 31 – $51 million expansion
IMX: August 9 – $46 million expansion
SUI: August 1 – $46 million expansion
STRK: 15 August – 31 million dollar expansion
ZETA: August 1 – 30 million dollar expansion
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