Token

Aptos

Million

<div class="intro-text"> 
 Over 40 cryptocurrency projects are preparing to release tokens worth approximately $755 million as their vesting periods come to an end. 
</div> 
According to<a style="color: #0000ff;" href="https://token.unlocks.app/"> data</a> from on-chain vesting tracker Token Unlocks, the largest unlocks will come from AltLayer (ALT), Xai (XAI), Aptos (APT), Arbitrum (ARB), Optimism (OP), Sui (SUI), Immutable (IMX), and Starknet (STRK). 
Crypto vesting, a practice that locks up assets for a specified period, aims to prevent early investors and team members from immediately selling off their holdings, thereby protecting the token’s value in the project’s early stages. Thus, this wave of token unlocks could potentially impact the broader cryptocurrency market, as it introduces a significant amount of previously locked assets into circulation. 
AltLayer leads the pack with plans to release 684 million ALT coins, valued at approximately $125 million. These tokens will be distributed among the development team, investors, advisers, protocol development, treasury, and the crypto community. 
GameFi project Xai follows closely, set to unlock about $93 million worth of XAI tokens on July 9, 2024. The distribution will be similar to AltLayer’s, with a portion allocated to project reserves. 
Aptos, which previously unlocked over $200 million worth of tokens in May and June combined, will release another 11.31 million APT coins valued at roughly $77 million in July. These will be distributed among its foundation, core contributors, investors, and community. 
Arbitrum, having already unlocked significant <a style="color: #0000ff;" href="https://ng.investing.com/news/cryptocurrency-news/arbitrum-to-release-9265-million-arb-in-fresh-token-unlock-this-week-1300430">amounts in previous months</a>, including a <a style="color: #0000ff;" href="https://token.unlocks.app/arbitrum">massive 1.1 billion ARB coins worth about $2.32 billion in March</a> 2024, is set to release another $75 million worth of assets for its team, advisers, and investors. 
Other major projects such as Optimism, Sui, Immutable, and Starknet, which have also conducted substantial unlocks in recent months, are scheduled to release more tokens in July 2024. 
&nbsp; 
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/">CoinMarketCap Community</a>. 
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.” 
The post <a href="https://defi-planet.com/2024/06/over-755-million-worth-of-crypto-tokens-set-for-release-as-vesting-periods-end-for-40-projects/">Over $755 Million Worth of Crypto Tokens Set for Release as Vesting Periods End for 40+ Projects</a> appeared first on <a href="https://defi-planet.com">DeFi Planet</a>.

Over $755 Million Worth of Crypto Tokens Set for Release as Vesting Periods End for 40+ Projects

DeFi Planet

Outros artigos publicados em 28 de jun. de 2024

Why is Polkadot (DOT) Price Up?

Crypto: The Altcoin Season May Be About to Start!

BlackRock’s Unexpected Step Sparks Bitcoin Reaction: Full Breakdown

Solana (SOL) or Polygon (MATIC) or? : Where to Invest $1,000 for Maximum Returns in 2024?

TON Grows Over 20% In A Week, Potentially Aiding Cosmic Kittens Presale Figures

Binance Steps Up Compliance Efforts Against Account Misuse

Join our free newsletter for daily crypto updates!