The cryptocurrency market is gearing up for a significant unlocking event in July, with several tokens set to increase their supply. According to analysis by TokenUnlocks, over 500 million dollars’ worth of tokens will be unlocked throughout the month, leading to a dilution of over $1 billion in the overall cryptocurrency market.
The largest token unlocks will be seen in ALT, XAI, and WLD, with WLD’s unlocks occurring daily throughout July, totaling $18.40 million each day. The biggest unlock will be in the ALT token, with $127.25 million.
Here is the full list of major token unlocks planned for July, along with the percentage of circulating supply:
– July 1
DYDX – $11.83 million – 3.12% of circulating supply
SUI – $53.53 million – 2.65% of circulating supply
IO – $27.23 million – 7.89% of circulating supply
– July 9
XAI – $94.52 million – 71.59% of circulating supply
– July 12
IMX – $50.66 million – 2.19% of circulating supply
– July 12
APT – $79.39 million – 2.58% of circulating supply
– July 15
STRK – $45.32 million – 4.92% of circulating supply
– July 16
ARB – $76.08 million – 3.20% of circulating supply
AXS – $15.29 million – 1.68% of circulating supply
– July 17
APE – $16.90 million – 2.48% of circulating supply
– July 19
PIXEL – $15.26 million – 7.05% of circulating supply
– July 25
ALT – $127.25 million – 42.08% of circulating supply
It’s important to note that this is not investment advice. For those interested in investing in cryptocurrencies, Binance exchange is offering a 20% commission discount. Follow their Telegram and Twitter accounts for exclusive news, analytics, and on-chain data.
