Token

Wormhole

Worldcoin

Billion

<p>Over the next 30 days, major cryptocurrency projects would release tokens worth a total of $2.31 billion as their vesting periods conclude. These crypto unlocks are big events that have significant impact on the sector.</p>
<p>Crypto vesting restricts early investors and team members from selling their tokens by locking them up. This helps prevent a decline in the project’s token price during its initial stages.</p>
<p>According to vesting data tracker Token Unlocks, the largest amount of crypto assets scheduled for release in over the next 30 days includes tokens from Solana (SOL), Worldcoin (WLD), Avalanche (AVAX), Wormhole (W), and The Sandbox (SAND).</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Curious about the current market conditions compared to upcoming token unlocks in the next 30 days <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a7.png" alt="🚧" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>$2.31 billion worth of tokens, including <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>, <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AVAX</a>, <a href="https://twitter.com/search?q=%24W&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$W</a>, <a href="https://twitter.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WLD</a>, and <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SAND</a>, will be released into the market<br><br> Which tokens have low float unlocks, and which have high float… <a href="https://t.co/TNqFoe9CtL" rel="noopener noreferrer nofollow">pic.twitter.com/TNqFoe9CtL</a></p>— Token Unlocks (@Token_Unlocks) <a href="https://twitter.com/Token_Unlocks/status/1816735839352951155?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-major-token-unlocks-in-august"><strong>Major Token Unlocks in August</strong></h2>
<p><a href="https://www.thecoinrepublic.com/price-prediction/solana/" rel="noopener noreferrer nofollow">Solana,</a> one of the leading blockchain networks, with its&nbsp; linear unlock schedule, will be releasing the biggest chunk of tokens over the next 30 days. The blockchain network will be releasing 74,860 SOL tokens valued at over $13.3 million into the market every day.</p>
<p>The last seven day period has seen SOL tokens worth nearly $100 million introduced into circulation. Solana began its current token unlock schedule in December 2023. A new model will be implemented on December 26, 2024, where 66,540 SOL tokens will be released daily.&nbsp;</p>
<p>The eyeball scanning human identification project Worldcoin will unlock 5.32 million WLD tokens valued at over $11.64 million.&nbsp;</p>
<p>On July 16, Worldcoin developer Tools for Humanity (TFH) announced an extension of the unlock schedule for 80% of Worldcoin (WLD) tokens. These were held by investors and team members, pushing the release period from three years to over five years, ending in July 2028.&nbsp;</p>
<p>This move was&nbsp; aimed to limit the immediate supply of tokens, potentially preventing a significant price drop. Following the announcement,<a href="https://www.thecoinrepublic.com/2024/07/17/worldcoin-wld-rose-over-35-amid-lockups-extension-announcement/" rel="noopener noreferrer nofollow"> WLD’s price surged by 68% in two days</a>. However, allegations of price manipulation and insider trading by the Worldcoin team have surfaced. As blockchain sleuth ZachXBT criticized the project’s practices as deceptive and harmful to investors.</p>
<h2 class="wp-block-heading" id="h-here-s-what-to-expect-from-the-crypto-unlocks"><strong>Here’s What to Expect From the Crypto Unlocks</strong></h2>
<p>The restructured distribution allocates released assets to its initial development teams and TFH investors. This results in daily disbursements of $1.21 million and $1.66 million, respectively.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/price-prediction/avalanche/" rel="noopener noreferrer nofollow">Avalanche</a> has been actively releasing 700,000 AVAX tokens valued at $19.54 million into the market over the past week. AVAX’s Cliff Unlock event is scheduled for August 20, where 9.54 million tokens will be released.&nbsp;</p>
<p>The previous major unlock on May 22 led to a nearly 50% price drop, raising concerns about a similar impact this time. Furthermore, price declines may occur, as additional tokens flood the market, increasing selling pressure.</p>
<p>Crosschain interoperability protocol Wormhole (W), has followed a similar Linear Unlock path, releasing $3.49 million worth of W tokens in the same period. These releases are part of ongoing plans to distribute assets to community members and support the ecosystem treasury.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The following chart shows upcoming token unlocks and what part of the supply will be unlocked. <a href="https://t.co/yVHdAi5ck1" rel="noopener noreferrer nofollow">pic.twitter.com/yVHdAi5ck1</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1811317782731956453?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Data from IntoTheBlock revealed that a significant token unlock is anticipated for the Wormhole in August. This unlock would account for 33% of its total market cap. The firm has shared a chart illustrating the upcoming token releases, highlighting the substantial impact this unlock could have on the market.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/27/top-crypto-projects-to-unlock-2-31-billion-over-the-next-month/" rel="noopener noreferrer nofollow">Top Crypto Projects to Unlock $2.31 Billion Over the Next Month</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Top Crypto Projects to Unlock $2.31 Billion Over the Next Month

Table of Contents

Thecoinrepublic.com

Andre artikler udgivet 27. jul. 2024

Jupiter Spot: The Future of Seamless Crypto Trading Unveiled

Crypto: The selling pressure of Dogecoin is intensifying, should we expect the worst?

Raoul Pal chooses Solana over Bitcoin, portfolio holds 90% SOL

Bitcoin Price Prediction: Will BTC Skyrocket to $300,000 by 2025?

Is MOONHOP the Best New Crypto to Invest In? 10% Referral Bonus Leaves Cardano & XRP Investors St...

Skew Analyzes Bitcoin Market Trends

Join our free newsletter for daily crypto updates!