🚨 MAJOR CRYPTO PROJECTS TO UNLOCK $755M IN JULY🚨
July is set for a significant release of cryptocurrency tokens worth $755 million as vesting periods for over 40 projects come to an end.
Why is this important?
If you hold any of the mentioned tokens, expect heavy price movements and potential selling pressure.
Biggest Token Unlocks in July:
- AltLayer (ALT)
- Unlock Date: July 25
- Amount: 684 million ALT tokens
- Value: $125 million
- Allocation: Team, investors, advisers, protocol development, treasury, and community
- Current Price: ~$0.18
- Xai (XAI)
- Unlock Date: July 9
- Amount: Significant portion of $93 million in tokens
- Allocation: Team, investors, ecosystem, and reserves
- Current Price: ~$0.46
- Aptos (APT)
- Unlock Date: July (exact date not specified)
- Amount: 11.31 million APT tokens
- Value: $77 million
- Allocation: Foundation, community, core contributors, and investors
- Current Price: ~$6.99
Key Dates to Watch:
- July 9: Xai (XAI) unlocks $93 million in tokens.
- July 16: Arbitrum (ARB) releases another $75 million in tokens.
- July 25: AltLayer (ALT) unlocks $125 million.
Other Projects Unlocking Tokens:
- Arbitrum (ARB): $75 million on July 16, following previous unlocks of $95 million in May and $105 million in June.
- Optimism (OP), Sui (SUI), Immutable (IMX), Starknet (STRK): Similar token releases expected in July.
With large amounts of tokens being unlocked, it's crucial for investors to stay informed and prepared for potential market impacts.