Immutable

Aptos

April

In July, cryptocurrency tokens valued at $755 million will be unlocked as the vesting periods for over 40 projects come to an end.
Crypto vesting prevents early investors and team members from selling their tokens by locking them down. This mechanism helps prevent a price downturn during the early phases of a crypto project. 
Vesting data tracker Token Unlocks <a href="https://token.unlocks.app/" target="_blank" rel="noopener nofollow">highlighted</a> that the largest amount of crypto assets to be unlocked in July 2024 belongs to AltLayer (ALT), Xai (XAI), Aptos (<a href="https://cointelegraph.com/aptos-apt-price-index">APT</a>), Arbitrum (ARB), Optimism (OP), Sui (SUI), Immutable (IMX) and Starknet (STRK). 
<h2 data-ct-non-breakable="true" id="biggest-token-unlocks-in-july">Biggest token unlocks in July</h2>
Decentralized protocol AltLayer will unlock the biggest chunk of tokens in July. On July 25, the project is set to release 684 million ALT tokens worth about $125 million. The tokens are allocated to its team, investors, advisers, protocol development, treasury ecosystem and community. 
Gaming-focused project Xai is set to release the second-largest amount, with about $93 million in tokens scheduled to unlock on July 9. Like AltLayer, the crypto assets are for its team, investors and ecosystem. About $2 million in tokens are also allocated to its reserves. 
ALT’s token price is currently around $0.18, whereas XAI is valued at $0.46. 
Related: <a href="https://cointelegraph.com/news/money-hungry-vcs-bad-token-launches-long-term">‘Money-hungry VCs’ are bad for token launches in the long term — Analyst</a>
<h2 data-ct-non-breakable="true" id="projects-regularly-unlocking-tokens">Projects regularly unlocking tokens</h2>
Aptos, which <a href="https://cointelegraph.com/news/may-crypto-vesting-sui-pyth-network-unlock-tokens">unlocked $101 million in May</a> and <a href="https://cointelegraph.com/news/crypto-token-unlocks-june">$102 million in June</a>, will release another batch of tokens in July. The project will release 11.31 million APT tokens worth $77 million in July. These are allocated to its foundation, community, core contributors and investors. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/0d885fde-3a48-4e7f-b47d-7070890e7a20.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Aptos token’s three-month price chart. Source: CoinGecko
 </figcaption>
</figure>
In the last three months, APT’s price went down from a high of $17.63 on April 1 to $6.99 on June 28, representing a 60% drop from April to June. 
Meanwhile, Arbitrum, which released $95 million in May and $105 million in June, is scheduled to drop another $75 million in tokens for its team, advisers and investors on July 16. The project also <a href="https://cointelegraph.com/news/arbitrum-2-billion-vested-token-unlock">released 1.1 billion ARB tokens</a> worth $2.32 billion on March 16. 
Since the huge unlock, ARB prices have dropped by 63%, from a high of $2.27 on March 8 to $0.82 at the time of writing. 
Optimism, Sui, Immutable and Starknet, which unlocked millions worth of their native tokens in the last two months, will also unlock similar amounts in July. 
Magazine: <a href="https://cointelegraph.com/magazine/ethereum-phishing-drainers-ton-bitcoin/">As Ethereum phishing gets harder, drainers move to TON and Bitcoin</a>

Major crypto projects to unlock $755M in July

Inhaltsverzeichnis

Cointelegraph

Weitere Artikel, die am 28. Juni 2024 veröffentlicht wurden

Solana Prediction: Is ETF Buzz Fueling SOL's $1000 Ascent?

BONK price prediction: What to expect from the memecoin in July

Nigerian Blockchain Committee urges balanced resolution to Binance dispute

New Cryptocurrency Releases, Listings, & Presales Today – Multi Universe Central, Freedom, Mega Dice

Top Mid-Cap Tokens Poised for 20X Growth in 2024

Uber and Lyft Stocks Gain as Massachusetts Settlement Provides Clarity

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!