Arbitrum

Aptos

<h4>The altcoin market might crash again. why? Over 40 projects are set to unlock about $755 million worth of tokens. Now, that’s a huge influx of tokens. And we could be seeing lots of sell-offs which results in price slumps.&nbsp;</h4> 
Most projects use a clever system called vesting to keep early investors and team members from dumping their tokens too soon. But time’s up! And those tokens are coming out. About $100 million worth of tokens will hit the market in the first week of July alone.&nbsp;In this article, we’ll dive into some of the altcoins with the heaviest unlocks, breaking down what this means for the market. And how it might impact your investments. 
<h5>1) Aptos (APT)</h5> 
The first on our list is a regular name, <a href="https://aptosfoundation.org/" target="_blank" rel="noopener">Aptos</a>. It’s time for another of their regular unlocks. Aptos is a Layer 1 blockchain designed for scalability, reliability, and security. Aptos aims to deliver faster transaction speeds and lower costs. This makes it suitable for various decentralized applications. 
<a href="https://token.unlocks.app/aptos" target="_blank" rel="noopener">Aptos unlocked</a> $101 million in May and $102 million last month. They plan to unlock 11.31 million APT tokens worth $77 million on July 12.&nbsp; This makes up 2.49% of its circulating supply. These are allocated to its foundation, community, core contributors, and investors. Let’s break it down:&nbsp; 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The foundation will receive 1.33 million APT tokens valued at $9.19m</li> 
 <li style="font-weight: 400;" aria-level="1">The community will receive&nbsp; 3.21 million APT tokens valued at $22.12 million&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Next, the Core contributors will receive 3.96 million APT tokens valued at $27.27 million.</li> 
 <li style="font-weight: 400;" aria-level="1">The investors will receive 2.81 million APT tokens valued at $19.35 million</li> 
</ul> 
<img decoding="async" class="wp-image-145118 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxdssfeewrrwerettyyutuiy-220x300.jpg" alt="" width="417" height="568" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxdssfeewrrwerettyyutuiy-220x300.jpg 220w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxdssfeewrrwerettyyutuiy-309x420.jpg 309w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxdssfeewrrwerettyyutuiy.jpg 391w" sizes="(max-width: 417px) 100vw, 417px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/Token_Unlocks/status/1810226031598702621" target="_blank" rel="noopener">X</a></h6> 
Now, let’s talk about price action. APT has seen a bit of a rollercoaster lately. It dropped from $17.63 on April 1 to $6.99 on June 28 – that’s a 60% drop in three months! So, these unlocks have hurt the price.&nbsp; 
Despite this dip, Aptos still has long-term potential. They recently teamed up with Alibaba Cloud to launch Alcove, a new initiative to boost Japan’s web3 ecosystem. This partnership even gave APT a 2% boost right after the news hit. 
<img decoding="async" class="wp-image-145119 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxcvbcbnvhhjgfgrre-208x300.jpg" alt="" width="417" height="602" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxcvbcbnvhhjgfgrre-208x300.jpg 208w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxcvbcbnvhhjgfgrre.jpg 391w" sizes="(max-width: 417px) 100vw, 417px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/Aptos/status/1806478116812128479?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1806478116812128479%7Ctwgr%5Ed608f2facd53e04398bf3e0397d6776a43d8a61d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinfomania.com%2Faptos-launches-alcove-in-collaboration-with-alibaba-to-improve-japans-web3-ecosystem%2F" target="_blank" rel="noopener">X</a></h6> 
So, what does this unlock mean for investors this July? Well, it could put some downward pressure on the price, but keep an eye on those long-term partnerships and developments. Aptos might just have some surprises up its sleeve! 
<h5>2) Arbitrum (ARB)</h5> 
Next on the list of heavy unlocks is <a href="https://arbitrum.io/" target="_blank" rel="noopener">Arbitrum</a>. This project is a Layer 2 scaling solution for Ethereum, designed to improve transaction speeds and reduce costs. It uses optimistic rollups to improve Ethereum’s efficiency and scalability.&nbsp; 
So, Arbitrum <a href="https://token.unlocks.app/arbitrum" target="_blank" rel="noopener">released</a> $95 million in May and $105 million in June, and it’s set to drop another $75 million in tokens for its team, advisers, and investors on July 16. Here’s the allocation plan: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Team, future team, and advisors – 56.13 million ARB tokens worth $44.96 million</li> 
 <li style="font-weight: 400;" aria-level="1">Investors: 36.52 million ARB tokens worth $29.25 million</li> 
</ul> 
Back on March 16, Arbitrum released a massive 1.1 billion ARB token worth $2.32 billion. Since that huge unlock, ARB prices have taken a hit, dropping by over 63% from a high of $2.27 on March 8 to $0.7971 at the time of this article.&nbsp; 
<img decoding="async" class="wp-image-145121 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfghfhjgjukiuk-196x300.jpg" alt="" width="427" height="653" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfghfhjgjukiuk-196x300.jpg 196w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfghfhjgjukiuk-274x420.jpg 274w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfghfhjgjukiuk.jpg 396w" sizes="(max-width: 427px) 100vw, 427px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/Token_Unlocks/status/1758051844285452603" target="_blank" rel="noopener">X</a></h6> 
Regardless of the price drop, there’s a silver lining for Arbitrum users. The proposed adoption of “Timeboost” has sparked renewed interest in the platform. Timeboost is a new transaction ordering policy. The goal is to improve Arbitrum’s transaction efficiency and user experience. This would possibly increase user activity.&nbsp; 
So, while the upcoming <a href="https://www.altcoinbuzz.io/?s=unlock" target="_blank" rel="noopener">unlock</a> might bring some short-term turbulence, keep an eye on how these new developments play out. 
<h5>3) AltLayer (ALT)</h5> 
Let’s wrap things up with our final and biggest unlock for July. Decentralized protocol AltLayer is set to unlock a massive 684 million <a href="https://www.coingecko.com/en/coins/altlayer" target="_blank" rel="noopener">ALT tokens</a> worth about $125 million on July 25. 
These tokens are allocated to its team, investors, advisers, protocol development, treasury ecosystem, and community. Here’s the breakdown: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Team- 188.00m ALT tokens valued at $31.67m</li> 
 <li style="font-weight: 400;" aria-level="1">Investors – 308.00m ALT tokens valued at $51.88m</li> 
 <li style="font-weight: 400;" aria-level="1">Advisors: 83.00m ALT tokens valued at $13.98m</li> 
 <li style="font-weight: 400;" aria-level="1">Protocol Development – 35.42m ALT tokens valued at $5.97m</li> 
 <li style="font-weight: 400;" aria-level="1">Ecosystem and Community- 25.00m ALT tokens valued at&nbsp; $4.21m</li> 
 <li style="font-weight: 400;" aria-level="1">Treasury –&nbsp; 44.79m ALT tokens valued at $7.54m</li> 
</ul> 
<img decoding="async" class="wp-image-145123 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cxzvcxvbnghh-295x300.jpg" alt="" width="430" height="437" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cxzvcxvbnghh-295x300.jpg 295w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cxzvcxvbnghh.jpg 391w" sizes="(max-width: 430px) 100vw, 430px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/poopmandefi/status/1807302223543844997" target="_blank" rel="noopener">X</a></h6> 
Their last unlock on June 25 saw tokens worth $20 million hitting the market. And since then, ATL has dropped by over 10%. So, we expect the upcoming unlock to have a similar impact.&nbsp; 
That’s it for July. Let me know what you think in the comments below 
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<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
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