In August, the cryptocurrency market is set to see the unlocking of nearly $1.5 billion worth of tokens. This includes a significant release of 1 billion $XRP tokens, valued at $609 million, by Ripple on August 1.
Additionally, Avalanche (AVAX) and Wormhole are scheduled to unlock a combined $449 million, with Wormhole releasing 600 million tokens valued at $180.5 million on August 3.
🔔 #Crypto Projects to Unlock Nearly $1.5 Billion in Tokens in August, Including $609 Million in $XRP !
In August, nearly $1.5 billion in crypto tokens will be unlocked. This includes 1 billion $XRP tokens worth $609 million on August 1, released by @Ripple. @avax and @wormhole… pic.twitter.com/0b5IIzL0Y9
— Altcoin Alerts (@Altcoin_Alerts) July 29, 2024
According to CryptoRank, the following tokens will experience the largest unlock amounts next week:
– AltLayer: $90.28 million
– Sui: $62.64 million
– Optimism: $54.72 million
– ZetaChain: $35.41 million
– Worldcoin: $11.70 million
– Maverick Protocol: $10.76 million
– dYdX: $10.70 million
🔓 Top 7 Token Unlocks of the Upcoming Week
The following tokens with the largest unlock amount will be unlocked next week:
AltLayer – $90.28M
Sui – $62.64M
Optimism – $54.72M
ZetaChain – $35.41M
Worldcoin – $11.70M
Maverick Protocol – $10.76M
dYdX – $10.70M pic.twitter.com/VRFacCh8XY— CryptoRank.io (@CryptoRank_io) July 28, 2024
Further Details Provided On The Upcoming Token Unlocks
Data from BSCN provides further details on upcoming token unlocks:
July 30: 2.41% of $TORN supply – $227,000
– July 31: 1.75% of $PRIME supply – $5.7 million
– July 31: 2.79% of $OP supply – $53.6 million
– July 31: 0.5% of $MANTA supply – $1.82 million
– August 1: 3.65% of $DYDX supply – $10.7 million
– August 1: 2.56% of $SUI supply – $49.1 million
– August 1: 18.92% of $ZETA supply – $32.9 million
– August 2: 3.52% of $GAL supply – $12.6 million
– August 3: 33.33% of $W supply – $174.1 million
– August 4: 0.87% of $ENA supply – $6.75 million
– August 5: 14.25% of $MODE supply – $4.32 million
ALPHA WATCHLIST – POTENTIAL PRICE TRIGGERS THIS WEEK
Token Unlocks:
[July 30] 2.41% of $TORN supply – $227K
[July 31] 1.75% of $PRIME supply – $5.7M
[July 31] 2.79% of $OP supply – $53.6M
[July 31] 0.5% of $MANTA supply – $1.82M
[Aug 1] 3.65% of $DYDX supply – $10.7M
[Aug 1]… pic.twitter.com/azd92p6XDk— BSCN (@BSCNews) July 28, 2024
These token unlocks are closely watched by investors as they can significantly impact the market dynamics, potentially influencing the prices of the respective cryptocurrencies.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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