đšIMPORTANT: MAJOR CRYPTO PROJECTS TO UNLOCK $755M IN JULY đš
đ„ July is set to witness a massive release of cryptocurrency tokens worth a staggering $755 million as vesting periods for over 40 projects come to an end.
đ Why is this important???
If you hold any of the tokens mentioned, stay vigilant as there will most probably be heavy price movements and opportunities/selling pressure involved.
đ Biggest Token Unlocks in July:
AltLayer (ALT)
đ Unlock Date: July 25
đ° Amount: 684 million ALT tokens
đ” Value: $125 million
Allocation: Team, investors, advisers, protocol development, treasury, and community
đ Current Price: ~$0.18
Xai (XAI)
đ Unlock Date: July 9
đ° Amount: Significant portion of $93 million in tokens
Allocation: Team, investors, ecosystem, and reserves
đ Current Price: ~$0.46
Aptos (APT)
đ Unlock Date: July (exact date not specified)
đ° Amount: 11.31 million APT tokens
đ” Value: $77 million
Allocation: Foundation, community, core contributors, and investors
đ Current Price: ~$6.99
đ§ AGAIN: The unlocking of these tokens could lead to increased selling pressure, affecting the prices of these cryptocurrencies. For instance, Aptos (APT) has seen a significant price drop from $17.63 in April to $6.99 by June.
đ Key Dates to Watch
July 9: Xai (XAI) unlocks $93 million in tokens.
July 16: Arbitrum (ARB) releases another $75 million in tokens.
July 25: AltLayer (ALT) unlocks the largest chunk, worth $125 million.
đ Other Projects Unlocking Tokens
Arbitrum (ARB): $75 million on July 16, following previous unlocks of $95 million in May and $105 million in June.
Optimism (OP), Sui (SUI), Immutable (IMX), Starknet (STRK): Similar token releases are expected in July.
đĄ With such large amounts of tokens being unlocked, itâs crucial for investors to stay informed and prepared.
Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated and drop a like!