Worldcoin, XAI, Arbitrum, Aptos, and others are among the token unlocks worth $350 million in July.
Worldcoin, Aptos, Layer 2 chains like Arbitrum, and even a Layer 3 chain like Xai will all unlock hundreds of millions of dollars worth of tokens throughout the remainder of July.
According to data from Token Unlocks, the unlocks that crypto investors should be aware of in July are as follows:
Worldcoin WLD -2.59%'s token price is currently 80 percent lower than when it was at its highest point in March, shortly after OpenAI's text-to-video generative AI model Sora was released. But, Worldcoin will before long twofold its everyday pace of token opens, close by a few other basic undertakings in crypto which are booked to deliver a large number of dollars worth of tokens into the market.
For the remainder of July, the following list contains all significant token unlocks worth at least $10 million at current prices.
Xai: July 9, $70 million Xai, a Layer 3 gaming-based project built on Arbitrum ARB -2.70%, will have its second token unlock event on July 9, unlocking nearly 200 million tokens, or 72% of the supply that is currently in circulation, with a current value of approximately $70 million. Ex Populus games will be hosted on Xai, which is based on the Arbitrum Orbit stack.
ImmutableX: July 12, $43 million
Web3 gaming firm ImmutableX
IMX - 8.34%
will open 2.15% of its flowing inventory, 32.5 million tokens at an ongoing worth of $43 million, on July 12. ImmutableX could become one of the top 25 tokens by market cap in 2024, according to VanEck's prediction in December of last year.
Aptos: On July 12, Aptos APT -4.95%, one of two projects largely staffed by former Facebook Libra currency project members (the other being Sui SUI -4.48%), will unlock an additional 2.49 percent of its circulating supply, or 11.31 million tokens, which currently have a value of approximately $68 million.
StarkNet: July 15: The $37 million StarkNet STRK -3.22% Layer 2 Ethereum ETH -2.61% network, which promised to increase throughput and lower transaction fees when it unveiled its 2024 roadmap in March, will unlock 64 million tokens, or 4.9% of the token's circulating supply, on July 15. The tokens are currently worth approximately $36.7 million.
Arbitrum: July 16, $64 million Arbitrum will unlock 2.9% of its circulating supply on June 16, making it the first Layer 2 network to reach $150 billion in total volume on Uniswap. At the moment, the 92.6 million tokens have a value of approximately $64 million.
Worldcoin: Worldcoin has already been unlocking tokens at a steady rate of 3.19 million tokens, which are currently worth approximately $6.7 million, every day since July 24, 2023, when there was also an initial unlock of 500 million tokens. That rate will more than double to 6.62 million tokens per day for two years, or $13.3 million per day, starting on July 24, 2024.
The Sam Altman-founded project, which recently unveiled its Worldchain Layer 2 blockchain and welcomed four former executives from Apple, Google, Meta, Tesla, and X, has also recently unveiled its Worldchain Layer 2 blockchain.
Other critical opens
July 16: Axie Infinity AXS -4.99% will unlock 2.45 million tokens worth approximately $12.5 million, or 1.66 percent of its circulating supply.
July 17: 15.6 million tokens worth approximately $11.9 million, or 2.31 percent of Apecoin's circulating supply, will be released.
July 19: Pixels will open 7% of its circling supply, 54.4 million tokens at an ongoing worth of about $10.5 million.
Worldcoin, Aptos, Layer 2 chains like Arbitrum, and even a Layer 3 chain like Xai will all unlock hundreds of millions of dollars worth of tokens throughout the remainder of July.
According to data from Token Unlocks, the unlocks that crypto investors should be aware of in July are as follows:
Worldcoin WLD -2.59%'s token price is currently 80 percent lower than when it was at its highest point in March, shortly after OpenAI's text-to-video generative AI model Sora was released. But, Worldcoin will before long twofold its everyday pace of token opens, close by a few other basic undertakings in crypto which are booked to deliver a large number of dollars worth of tokens into the market.
For the remainder of July, the following list contains all significant token unlocks worth at least $10 million at current prices.
Xai: July 9, $70 million Xai, a Layer 3 gaming-based project built on Arbitrum ARB -2.70%, will have its second token unlock event on July 9, unlocking nearly 200 million tokens, or 72% of the supply that is currently in circulation, with a current value of approximately $70 million. Ex Populus games will be hosted on Xai, which is based on the Arbitrum Orbit stack.
ImmutableX: July 12, $43 million
Web3 gaming firm ImmutableX
IMX - 8.34%
will open 2.15% of its flowing inventory, 32.5 million tokens at an ongoing worth of $43 million, on July 12. ImmutableX could become one of the top 25 tokens by market cap in 2024, according to VanEck's prediction in December of last year.
Aptos: On July 12, Aptos APT -4.95%, one of two projects largely staffed by former Facebook Libra currency project members (the other being Sui SUI -4.48%), will unlock an additional 2.49 percent of its circulating supply, or 11.31 million tokens, which currently have a value of approximately $68 million.
StarkNet: July 15: The $37 million StarkNet STRK -3.22% Layer 2 Ethereum ETH -2.61% network, which promised to increase throughput and lower transaction fees when it unveiled its 2024 roadmap in March, will unlock 64 million tokens, or 4.9% of the token's circulating supply, on July 15. The tokens are currently worth approximately $36.7 million.
Arbitrum: July 16, $64 million Arbitrum will unlock 2.9% of its circulating supply on June 16, making it the first Layer 2 network to reach $150 billion in total volume on Uniswap. At the moment, the 92.6 million tokens have a value of approximately $64 million.
Worldcoin: Worldcoin has already been unlocking tokens at a steady rate of 3.19 million tokens, which are currently worth approximately $6.7 million, every day since July 24, 2023, when there was also an initial unlock of 500 million tokens. That rate will more than double to 6.62 million tokens per day for two years, or $13.3 million per day, starting on July 24, 2024.
The Sam Altman-founded project, which recently unveiled its Worldchain Layer 2 blockchain and welcomed four former executives from Apple, Google, Meta, Tesla, and X, has also recently unveiled its Worldchain Layer 2 blockchain.
Other critical opens
July 16: Axie Infinity AXS -4.99% will unlock 2.45 million tokens worth approximately $12.5 million, or 1.66 percent of its circulating supply.
July 17: 15.6 million tokens worth approximately $11.9 million, or 2.31 percent of Apecoin's circulating supply, will be released.
July 19: Pixels will open 7% of its circling supply, 54.4 million tokens at an ongoing worth of about $10.5 million.
