Attentionđ„: Projects to Unlock Nearly $1 Billion in Tokens in August
In the coming months, several crypto projects will unlock a significant portion of their tokens, moving billions of dollars in the market. These movements are noteworthy as token unlocks can generate selling pressure, potentially causing price volatility and some down in the prices.
According to data from Token.Unlocks, starting in July, other projects will also conduct significant token unlocks:
-Optimism, an Ethereum Layer 2 network, will unlock 31.3 million tokens for key contributors and investors. This amount represents 2.8% of its circulating supply, valued at about $55 million.
-dYdX, will unlock 8.33 million tokens, worth nearly $11 million, representing 3.65% of its circulating supply. These tokens will go to investors, founders, and current and future team members.
-Sui, will unlock 2.56% of its circulating supply, totaling 64 million tokens valued at around $50 million.
-ZetaChain, will unlock 18.92% of its circulating supply, equivalent to 54 million tokens worth $35 million.
-ImmutableX, will unlock 32.5 million tokens, representing 2.11% of its circulating supply, valued at $49 million.
-Aptos, will unlock 11.31 million tokens, or 2.41% of its circulating supply, valued at about $80 million.
-The Sandbox, will unlock 205 million tokens, representing 9% of its circulating supply, valued at approximately $69 million.
-StarkNet, will unlock 64 million tokens, representing 4.4% of its circulating supply, valued at $35 million.
-Arbitrum, will unlock 92.6 million tokens, 2.8% of its circulating supply, valued at about $67 million.
Avalanche, will unlock 9.5 million tokens, or 2.42% of its circulating supply, valued at $268 million.
These upcoming token unlocks are significant events with the potential to impact prices and market dynamics. Investors ashould keep a close watch on these developments.
