- Over $2.3 billion in crypto tokens are anticipated to be unlocked in August 2024.
- Main tasks akin to SUI, W, APT, SAND, and AVAX have important unlocks.
- Potential market influence on token costs and general cryptocurrency market sentiment.
The up to date knowledge on upcoming token unlocks in August 2024 highlights main tasks scheduled for distribution, which might flood the market with roughly $2.31 billion price of tokens. This inflow might have a big influence on market developments and token costs.
On August 1st alone, a number of tokens are set to have important unlocks. Sui (SUI) will launch 68.79 million tokens price $53.26 million, which is 2.74% of the circulating provide. On the identical day, dYdX (DYDX) will unlock $10.67 million price of tokens. Helium (HNT) will launch $226,030 price of tokens.
Different notable unlocks embody StepN (GMT), Portal (PORTAL), Akash Community (AKT), ZetaChain (ZETA), Cloud (CLOUD) and Euler (EUL), every of that are anticipated so as to add important quantities of tokens to the market.
An enormous occasion is deliberate for August third when Wormhole (W) will launch 612.12 million tokens, price a complete of $179.38 million, which is…
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