Token Unlock Alert: Key Dates and Potential Market Impact for XAI, DYDX, Aptos, and More
- Seven crypto projects will release new tokens this week.
- Projects schedule token releases in ways that would avoid market pressure.
- Lack of liquidity and investors taking profits can impact crypto prices during token unlocks.
Seven crypto projects have scheduled their token unlocks for this week. The unlocks will occur in varying proportions, depending on the original design and schedule of each project.
Data from Token Unlock, a platform that aggregates token unlock schedules for cryptocurrencies, shows that Xai, the next-gen video game-focused project, will unlock 71.59% of its total token supply, equivalent to $62.9 million, on Tuesday, July 9. On the same day, DYDX, the decentralized exchange, is scheduled to unlock 0.68% of its total supply worth $2 million.
According to Token Unlocks, on July 11, io.net (IO) and ImmutableX (IMX) will also conduct token unlocks. io.net will unlock 2.2% of its total token supply, equivalent to $4.55 million, while ImmutableX will release 2.15% of its total token supply worth $40.6 million.
On July 12, Aptos, the Layer-1 Proof-of-Stake (PoS) blockchain, is scheduled to release 2.49% of its token supply, equivalent to…
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