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Cryptocurrency market faces $860 million token unlock in July

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Around 40 crypto projects are set to unlock tokens next month, with a combined value of approximately $860 million coming to market. According to data from Token Unlocks, Xai, AltLayer, Arbitrum, and Aptos lead the charge with the largest token launches.

Xai is scheduled to launch approximately 198 million XAI tokens on July 9, representing 71.5% of its circulating supply, valued at approximately $97 million. These tokens are allocated to the project team, reserve, investors and ecosystem.

Source: Token Unlocks

Soon after, Aptos will unlock 11.3 million APT tokens on July 12, valued at nearly $79 million, which will go to the Aptos Foundation, its community, key contributors, and investors.

Source: Token Unlocks

Arbitrum will release 92.6 million ARB tokens on July 16, valued at US$76 million, distributed among the project team, investors and advisors.

Source: Token Unlocks

AltLayer token unlock is scheduled for July 25th, with 684 million ALT tokens accounting for nearly 45% of the circulating supply and valued at around $133 million. These tokens are designated for various project needs, including protocol development and community incentives.

Source: Token Unlocks

Other noteworthy token unlocks include Io.net (IO), Starknet (STRK), and Sui (SUI).

Io.net is expected to unlock 7.5 million IO tokens, or nearly 8% of its circulating supply, valued at around $26 million on July 1.

Sui will unlock 64 million tokens, over 2.5% of its circulating supply, worth $56 million on July 1.

Ultimately, Starknet will airdrop 64 million STRK tokens, constituting roughly 5% of its circulating supply and worth roughly $47 million as of July 15.

What’s next in terms of pricing?

Token unlocks refer to the release of a chunk of tokens that were previously restricted from trading. Investors often fear price drops caused by selling pressure when a large amount of tokens enter the market.

However, token unlocks are not inherently bad. Small unlocks can have minimal impact. An annual report from Token Unlocks shows that tokens go up 34% on average after being unlocked for private investors.

Overall, the exact impact of token unlocks is often unpredictable. When considering a crypto investment, it is important to be aware of upcoming token unlocks and their potential impact on price.

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