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Notable Token Unlock Events in July 2024

Web3 Station

Web3 Station

— 2 min read
Notable Token Unlock Events in July 2024

More than 50 projects are scheduled to unlock tokens in July 2024, totaling up to $800 million in value.

Notable Token Unlock Events in July 2024. Image: CoinDesk

According to Coin68's compilation, the cryptocurrency industry is set to unlock over $800 million worth of tokens next month. Most notably, projects Xai (XAI) and AltLayer (ALT) will unlock over 40% of their supply, totaling hundreds of millions of USD.

Please note, this article lists only some of the prominent projects with significant token unlock schedules for the month. Readers can find more details on Token Unlocks and CryptoRanks websites.

https://cdn.coin68.com/images/20240629061359-1b8c685d-0aff-4007-84e6-dfb001f15574-109.jpg

Notable Unlock Events:

  • June 30 - Optimism (OP) unlocks 31.34 million tokens (2.88% of circulating supply), valued at $55.79 million USD.
  • July 01 - Sui (SUI) unlocks 86.07 million tokens (3.55% of circulating supply), valued at $68.27 million USD.
  • July 09 - Xai (XAI) unlocks 198.4 million tokens (71.59% of circulating supply), valued at $92.06 million USD.
  • July 12 - Aptos (APT) unlocks 11.31 million tokens (2.58% of circulating supply), valued at $77.47 million USD.
  • July 12 - Immutable (IMX) unlocks 32.47 million tokens (2.19% of circulating supply), valued at $50.01 million USD.
  • July 15 - Starknet (STRK) unlocks 64 million tokens (4.92% of circulating supply), valued at $44.81 million USD.
  • July 15 - Sei (SEI) unlocks 125 million tokens (4.1% of circulating supply), valued at $42.6 million USD.
  • July 16 - Arbitrum (ARB) unlocks 92.65 million tokens (3.2% of circulating supply), valued at $75.11 million USD.
  • July 16 - Uniswap (UNI) unlocks 8.33 million tokens (1.39% of circulating supply), valued at $75.5 million USD.
  • July 25 - AltLayer (ALT) unlocks 684.2 million tokens (42.08% of circulating supply), valued at $126.5 million USD.

Other Unlock Events:

  • June 30 - Echelon Prime (PRIME): $6.58 million USD
  • June 30 - Forta (FORT): $9.350 thousand USD
  • June 30 - Tornado Cash (TORN): $254.830 thousand USD
  • June 30 - Ethena (ENA): $8.39 million USD
  • June 30 - Manta Network (MANTA): $1.95 million USD
  • And many more scheduled throughout July 2024.

This wave of token unlocks highlights a critical period for these projects as they manage their token distributions amidst market dynamics.

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