- Token unlocks in August are expected to exceed $425 million in value, with significant unlocks in cryptocurrencies such as APT, IMX, SAND, APE, INJ, LDO, AVAX, DYDX, and OP.
- The largest token unlocks in terms of dollar value are expected to occur in SAND ($136 million) and AVAX ($120 million).
- Token supply management is a critical aspect for cryptocurrency investors, and the increase in circulating supply due to token unlocks can significantly impact the market.
August is a significant month for cryptocurrency investors, with token unlocks expected to surpass $425 million in value. The largest unlocks are anticipated in SAND and AVAX, with several other cryptocurrencies also experiencing substantial unlocks.
Significant Token Unlocks in August
According to data from TokenUnlocks, several cryptocurrencies, including APT, IMX, SAND, APE, INJ, LDO, AVAX, DYDX, and OP, are set to experience substantial token unlocks in August. The largest unlocks in terms of dollar value are expected to occur in SAND, with $136 million worth of tokens being unlocked, and AVAX, with $120 million worth of tokens being unlocked.
Impact of Token Unlocks on the Market
Token unlocks can have a significant impact on the cryptocurrency market, particularly in terms of supply management. When a large number of tokens are unlocked and enter circulation, it can lead to an increase in the circulating supply of a cryptocurrency, which can in turn impact its price. As such, cryptocurrency investors pay close attention to token unlocks and the potential effects they could have on the market.
Key Token Unlocks in August
Among the key token unlocks in August are APT, with 4.54 million tokens worth $30.8 million being unlocked; IMX, with 18.08 million tokens worth $13.5 million being unlocked; and SAND, with 332.5 million tokens worth $136 million being unlocked. Other significant unlocks include APE, INJ, LDO, AVAX, DYDX, and OP.
Conclusion
August is set to be a significant month for the cryptocurrency market, with token unlocks expected to exceed $425 million in value. These unlocks could have a substantial impact on the market, particularly in terms of supply management. As such, cryptocurrency investors will be paying close attention to these developments and their potential effects on the market.
