Ethereum

Token

Uniswap

Ethereum Name Service

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-prepares-for-major-token-unlocking-in-july/" data-wpel-link="internal">Crypto Market Prepares for Major Token Unlocking in July</a><br></p>
<p class="p1" style="text-align: justify"><strong>As</strong> July approaches, the <a href="https://en.coin-turk.com/hot-update-trillion-dollar-giants-crypto-exchange-announces-exciting-news/" data-wpel-link="internal">crypto market</a> is gearing up for a significant token unlocking process involving projects worth approximately $3 billion. Token unlocking involves the gradual release of coins to prevent early <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> or team members from selling large amounts quickly.</p> 
<h2 class="p1" style="text-align: justify" id="unlockings-worth-3-billion">Unlockings Worth $3 Billion</h2> 
<p class="p1" style="text-align: justify">Market experts indicated that this process could increase selling pressure on crypto assets, potentially affecting the broader market. A leading crypto research and analysis platform, <strong>CryptoRank,</strong> highlighted the top 10 token unlocking events in July. These events will unlock over $3 billion in crypto assets, with over $100 million in the first week of the month.</p> 
<p class="p1" style="text-align: justify">The popular platform of the Ethereum ecosystem, <strong>AltLayer,</strong> will release approximately 684 million tokens worth $119 million on July 25. Token Unlocks <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> that these crypto assets represent 22% of the market value. The assets will be distributed to the team, investors, advisors, protocol development, treasury ecosystem, and community.</p> 
<p class="p1" style="text-align: justify">Meanwhile, the Layer-1 blockchain platform Aptos and the Ethereum Layer-2 network Arbitrum will continue their monthly token unlockings. Both projects will cumulatively unlock tokens worth $150 million for their teams, advisors, and investors.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-366609 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/unlocks.webp" alt="" width="900" height="900"></p> 
<h2 class="p1" style="text-align: justify" id="notable-details">Notable Details</h2> 
<p class="p1" style="text-align: justify">The controversial platform in the blockchain sector, <strong>Worldcoin,</strong> will unlock a significant amount of tokens on July 24. This event will release 6.62 million WLD tokens worth approximately $18 million per day over 730 days. The assets will be allocated to the community, the initial development team, and investors.</p> 
<p class="p1" style="text-align: justify">Significant unlocking events in July include Uniswap (UNI), Ronin (RON), SUI, ImmutableX (IMX), SEI, Starknet <strong>(STRK)</strong>, and Ethereum Name Service (ENS). Uniswap plans to release 8.33 million UNI tokens worth $77.88 million on July 16. Ronin will release 35.71 million RON tokens worth $76.32 million starting July 27.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-prepares-for-major-token-unlocking-in-july/" data-wpel-link="internal">Crypto Market Prepares for Major Token Unlocking in July</a></h5>

Crypto Market Prepares for Major Token Unlocking in July

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