This week, cryptocurrency valued over $679 million will be unlocked. Token unlocks may have an effect on the token’s price, as seen by previous examples.
July 2024 is set to be a particularly active month for token unlocks. Several major projects are releasing substantial amounts of tokens into circulation.
Top 10 Upcoming Token Unlocks in July 2024
Here’s a list of the top 10 token unlocks to keep an eye on this July, shared by Coin Post.
- Altlayer (ALT): $122.79 million
- Aptos (APT): $79.28 million
- Uniswap (UNI): $77.88 million
- Ronin (RON): $76.32 million
- Arbitrum (ARB): $75.37 million
- Sui (SUI): $70.16 million
- Immutable X (IMX): $50.13 million
- Sei (SEI): $44.42 million
- Starknet (STRK): $44.16 million
- Ethereum Name Service (ENS): $39.46 million
Our calculation indicates that these unlocks are worth a total of more than $679 million.
Token unlocks can have different effects for different tokens. In some cases, the rise in supply can lead to selling pressure. This can cause the price to drop. However, if the community is aware of the unlock and priced in by the market, the impact could be very less.
Read more: This Solana Meme Coin Continues to Outperform dogwifhat (WIF) and BONK
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