Bitcoin

Axie Infinity

Optimism

ApeCoin

Aptos

Altcoin markets prepare for a key month as Bitcoin remains above $30k, amidst minor cryptocurrency price changes. Bitcoin, the crypto giant by market cap, reported a 24-hour surge of 0.93%, <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">trading</a> at $30,731.01 at press time. On the other hand, alternative cryptocurrencies, also known as altcoins, continue to wade through murky waters, with many top altcoins showing signs of stalling.As the market anxiously anticipates a bullish turn, many esteemed altcoin projects are <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">gearing</a> up for a significant event: releasing tokens worth an estimated $138 million into the circulating supply. Aptos, ApeCoin, Axie Infinity, and Optimism, some of the leading names in the crypto space, are poised to witness a substantial offloading of tokens this July.Historically, altcoins have <a href="https://twitter.com/intocryptoverse/status/1678182491876720640" rel="noopener noreferrer nofollow">experienced</a> sharp drops after substantial token releases, and experts predicted that a similar trend might recur this month. Such an asset could contribute to an increased supply, potentially leading to a decline in demand and, subsequently, softer price actions.Among the projects lined up for token unlocks, Aptos, a burgeoning crypto initiative, has already <a href="https://token.unlocks.app/aptos" rel="noopener noreferrer nofollow">completed</a> its pass open today (July 12), injecting 4.54 million coins (valued at around $32.38 million) into the circulating supply. The release, constituting 2.16% of the total supply, divided the offloaded tokens between the community (3.21 million APTs) and the foundation (1.33 million APTs).Read full article at Cr<a href="https://cryptotale.org/altcoin-markets-face-potential-disruption-with-138-million-token-unlocks-this-july/" rel="noopener noreferrer nofollow">yptoTale.</a>

Altcoin Markets Face Potential Disruption with $138 Million Token Unlocks This July

CryptoTale

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