Markets
Here are the top token unlocking events to watch out for in July
As July approaches, the crypto market is expecting a significant wave of token unlocks, with projects expected to release around $3 billion in assets.
Token unlocking involves the gradual release of coins to prevent early investors or team members from selling large quantities quickly. Market experts have noted that this process can increase selling pressure on digital assets, which can affect the market as a whole.
Best Unlocks for July
CryptoRank, a leading cryptocurrency research and analysis platform, has Underlines Top 10 token release events for July. These events will unlock over $3 billion worth of digital assets, including over $100 million in the first week of the month.
AltLayer, an Ethereum roll-up project deployer, will launch approximately 684 million tokens worth $119 million on July 25. Data from Token Unlocks shows that these tokens represent 22% of the market cap. The assets would be distributed to its team, investors, advisors, protocol development, treasury ecosystem, and community.
Meanwhile, Layer 1 blockchain platform Aptos and Ethereum Layer-2 Network Arbitrum will continue their monthly token releasesBoth projects will cumulatively release $150 million in tokens to their team, advisors, and investors.
Learn more: 11 cryptos to add to your portfolio before altcoin season
Top 10 tokens unlocked in July. Source: Cryptorang
Worldcoin, the proof of personality projectwill launch a major token unlock on July 24. This event will release 6.62 million WLD tokens, worth approximately $18 million, daily for 730 days. Tokens are allocated to the community, the initial development team, and investors.
Learn more: 7 Essential Cryptocurrencies for Your Portfolio Before the Next Bull Run
Other notable unlocks in July include Uniswap (UNI), Ronin (RON), I HAVEImmutableX (IMX), SEI, Starknet (STRK) and Ethereum Name Service (ENS). Uniswap plans to release 8.33 million UNI tokens worth $77.88 million on July 16. Ronin will release 35.71 million RON tokens worth $76.32 million starting July 27.
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