Major Crypto Projects Set to Unlock $755 Million in July 2024

Key cryptocurrency projects, including AltLayer, Arbitrum, and Optimism, will release significant token quantities as their vesting periods conclude.
Major Crypto Projects Set to Unlock $755 Million in July 2024
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In July 2024, the cryptocurrency market will witness the unlocking of $755 million in assets from over 40 projects as their vesting periods end. Among the most notable releases, AltLayer (ALT) will unlock 684 million tokens worth $125 million on July 25, allocated to team members, investors, advisors, and community development.

Xai (XAI) follows with a $93 million release on July 9, focusing on ecosystem and team development. Other significant unlocks include Aptos, Arbitrum, Optimism, Sui, Immutable, and Starknet. These releases are critical in understanding market dynamics and token valuation trends, as significant unlocks often lead to price fluctuations.

Aptos will release 11.31 million APT tokens worth $77 million, while Arbitrum will unlock $75 million worth of ARB tokens on July 16. Notably, past unlocks have led to considerable price drops for these tokens, illustrating the market's sensitivity to sudden increases in supply.

Optimism, Sui, Immutable, and Starknet will continue their scheduled releases, contributing to the overall market impact. These unlocks are part of the broader strategy to distribute tokens systematically and ensure market stability.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.

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