Token

Starknet

Billion

<p>The post <a href="https://coinpedia.org/news/xrp-news-today-ripple-leads-1-5-billion-crypto-token-unlock-in-august/">XRP News Today: Ripple Leads $1.5 Billion Crypto Token Unlock in August</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>August is gearing up to be a landmark month for crypto token unlocks, with nearly $1.5 billion worth of tokens set to hit the market. Leading the pack is Ripple, which will unlock 1 billion XRP tokens valued at $609 million on August 1. This is part of Ripple’s ongoing strategy since 2017, where it <a href="https://xrpl.org/blog/2017/explanation-of-ripples-xrp-escrow">releases </a>tokens from two main wallets, Ripple (24) and Ripple (25), on the first day of each month.&nbsp;</p> 
<p><span style="box-sizing: border-box; margin: 0px; padding: 0px;">A recent&nbsp;<a href="https://token.unlocks.app/" target="_blank" rel="noopener">report&nbsp;</a>from Token Unlocks, a platform closely monitoring token releases,&nbsp;</span>revealed that August is witnessing substantial unlocking events for major tokens like SUI, dYdX, Avalanche, Wormhole, and more.</p> 
<p>What should you be aware of?</p> 
<h2 class="wp-block-heading" id="h-major-token-unlocks-on-the-horizon"><strong>Major Token Unlocks on the Horizon</strong></h2> 
<p>Joining Ripple in the significant token releases are Avalanche and Wormhole, which together will add $449 million worth of tokens to the market. On August 3, Wormhole will release 600 million W tokens, representing 33.3% of its circulating supply and valued at $180.5 million. Later in the month, on August 20, Avalanche will unlock 9.4 million AVAX tokens worth $268 million, amounting to 2.4% of its circulating supply.</p> 
<h2 class="wp-block-heading" id="h-early-august-unlocks-from-sui-dydx-and-zetachain"><strong>Early August Unlocks from Sui, dYdX, and ZetaChain</strong></h2> 
<p>On the first day of August, you will also see notable unlocks from several other projects. Sui will release 64 million tokens valued at $50 million, dYdX will unlock 8.33 million tokens worth nearly $11 million, and ZetaChain will add 53.9 million tokens valued at around $34.5 million to the market.</p> 
<p>Throughout August, other significant unlocks include ImmutableX on August 9, which released 32.5 million tokens valued at $49 million; Aptos on August 12, which released $80 million worth of APT tokens; and The Sandbox on August 14, which released $69 million worth of SAND tokens.&nbsp;</p> 
<p>Ethereum layer-2 networks Starknet and Arbitrum will also contribute. On August 15, Starknet unlocked 64 million tokens valued at $35 million, and Arbitrum released 92.6 million tokens worth $67 million on August 16.</p> 
<h2 class="wp-block-heading" id="h-investors-hold-steady"><strong>Investors, Hold Steady!</strong></h2> 
<p>This wave of token unlocks could considerably impact the market, as it brings a substantial amount of liquidity and potential trading activity. As market dynamics shift, all eyes are on how these releases will influence prices and investor sentiment throughout August.</p> 
<p>The stage is set and we’re excited – are you?</p>

XRP News Today: Ripple Leads $1.5 Billion Crypto Token Unlock in August

Table of Contents

CoinPedia News

Outros artigos publicados em 29 de jul. de 2024

Bitcoin as US Reserve Asset: Trump’s Bold Vision Sparks Debate

Solana Eyes $250 as Bitcoin Nears $70K

21Shares taps Chainlink for proof of reserve of its Ethereum ETF

Binance's First Airdrop Portal Project: What is Banana Gun?

University of Wyoming to Launch Bitcoin Research Institute in August

BlackRock Warns About Cryptocurrency Scams

Join our free newsletter for daily crypto updates!