According to an analysis shared by cryptocurrency analysis company TokenUnlocks, huge token unlocks await the crypto market in July.
According to the shared data, token lock openings appear to be distributed homogeneously throughout July and the total amount exceeds 500 million dollars. This means the overall cryptocurrency market will be diluted by more than $1 billion in July.
TokenUnlocks analysts identified ALT, XAI, and WLD as the cryptocurrencies that will experience the largest token unlocks in July. However, WLD's token unlocks will occur daily in July, with a token unlock of $18.40 million each day.
The largest token unlock will be in the ALT token with $127.25 million.
Here are the other major token unlocks planned for July, sorted by date:
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
9 July
XAI – $94.52 million – 71.59% of circulating supply
1July 1
IMX – $50.66 million – 2.19% of circulating supply
12 July
APT – $79.39 million – 2.58% of circulating supply
15 July
STRK – $45.32 million – 4.92% of circulating supply
16 July
ARB – $76.08 million – 3.20% of circulating supply
AXS – $15.29 million – 1.68% of circulating supply
17 July
APE – $16.90 million – 2.48% of circulating supply
19 July
PIXEL – $15.26 million – 7.05% of circulating supply
25 July
ALT – $127.25 million – 42.08% of circulating supply
*This is not investment advice.