Ethereum-Based AltLayer Set to Unlock $119 Million in Tokens: Key July Events

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As the cryptocurrency market approaches July, anticipation builds around a significant phase of token unlockings, valued at approximately $3 billion in total assets.
These unlock events are scheduled releases designed to prevent abrupt market disturbances from large-scale sales by early project stakeholders.
One standout detail is the imminent release of over $100 million worth of tokens in the first week alone, impacting various prominent digital assets.

July’s crypto unlockings could lead to increased market volatility. Stay ahead with our detailed analysis and key dates to watch.

Unlocking Events Set to Release Billions

Experts forecast that these unlocks may increase selling pressure and affect the broader market. According to CryptoRank, a renowned research platform, the top 10 unlock events slated for July will collectively release over $3 billion in assets. This includes notable activity in the first week of the month, with more than $100 million of tokens set to be unlocked. For the latest in finance and business news, visit COINOTAG FINANCE.

A prominent upcoming unlock involves AltLayer, an Ethereum-based platform, which is scheduled to release approximately 684 million tokens worth $119 million on July 25. These tokens, representing 22% of AltLayer’s total market value, will be distributed among various stakeholders, including team members, investors, advisors, development protocols, treasury, and the broader community.

Additionally, platforms like Aptos (a Layer-1 blockchain) and Arbitrum (an Ethereum Layer-2 network) are set to continue their monthly token unlocks, collectively releasing $150 million worth of tokens to their teams, advisors, and investors.

Significant Details to Note

Worldcoin, a controversial entity within the blockchain sphere, will commence a substantial token release on July 24. This event will see 6.62 million WLD tokens, valued at approximately $18 million daily, unlocked over a span of 730 days. These tokens are allocated to the community, initial development team, and investors.

Other major unlock events in July include significant releases by Uniswap (UNI), Ronin (RON), SUI, ImmutableX (IMX), SEI, Starknet (STRK), and Ethereum Name Service (ENS). Uniswap is poised to release 8.33 million UNI tokens, valued at $77.88 million, on July 16. Meanwhile, Ronin will initiate the unlocking of 35.71 million RON tokens, worth $76.32 million, starting July 27.

Implications for Investors

Anticipate heightened volatility in the market due to the significant release of $3 billion in crypto assets.
Key dates to watch include July 25 for AltLayer’s significant token release.
Assessment of potential impacts on investments in Ethereum-based projects, as well as within Layer-1 and Layer-2 networks, is crucial.
Stay informed about the gradual daily release of Worldcoin’s WLD tokens over two years, commencing July 24.
Keep abreast of Uniswap’s and Ronin’s unlocking events for potential effects on market dynamics.

The series of token unlocks in July is expected to influence the crypto market substantially, making it essential for investors to remain vigilant and well-informed.