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

Inhaltsverzeichnis

COINTURK NEWS

Weitere Artikel, die am 30. Juni 2024 veröffentlicht wurden

Signs Of Change? BlockDAG Shines as Crypto’s New Goldmine Amid Market Shifts in Maker & Dogwifhat

Optimistic Bitcoin Holders Amid Market Slump: Potential Impact on BTC’s Value?

The Surging Popularity of BlockDAG: Potential to Elevate $500 to $5 Million Draws Attention from ...

OpenAI stops API access in China starting July 9

Bitcoin Miner Capitulation At December 2022 Levels – What Happened The Last Time?

Why Bitcoin’s price correction can last for months

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!