- Several significant token unlocks are set to occur in the world of cryptocurrency this month, releasing millions of dollars worth of tokens into circulation.
- Among the notable projects with token unlocks are DYDX, APT, IMX, APE, AXS, and OP.
- The tokens being unlocked represent a significant percentage of the circulating supply of these projects.
Token Unlocks: A Major Event in Cryptocurrency
One of the most anticipated events in the cryptocurrency world is the unlocking of tokens. This event, which occurs when tokens are released into circulation, can have a significant impact on the market value of a cryptocurrency. This month, several major projects are set to unlock a significant amount of tokens, releasing millions of dollars worth of tokens into circulation.
Notable Token Unlocks in July
According to data from TokenUnlocks, several projects are set to unlock a significant amount of tokens this month.
- Among these are DYDX, which will unlock 6.52 million tokens on July 4, representing 3.57% of its circulating supply.
- APT will unlock 4.5 million tokens on July 12, representing 2.16% of its circulating supply.
Other Significant Token Unlocks
- Other significant token unlocks this month include IMX, which will release 18 million tokens into circulation on July 15, representing 1.8% of its circulating supply.
- APE will unlock 15.6 million tokens on July 17, representing 4.23% of its circulating supply.
- AXS will unlock 3.4 million tokens on July 22, representing 2.6% of its circulating supply. Finally, OP will unlock 24 million tokens, representing 3.72% of its circulating supply.
These token unlocks can have a significant impact on the market value of these cryptocurrencies. As the supply of tokens increases, the price of the tokens can decrease, assuming demand remains constant. However, the impact of token unlocks on price can vary depending on a variety of factors, including the overall market conditions and the specific circumstances of the project.
