These 5 Crypto Tokens Are About to Unlock Millions of Dollars
- Over $110 million in tokens from various projects are scheduled to unlock in July.
- These token unlocks could negatively impact token prices due to increased supply.
- Well-planned token unlocks can incentivize teams and boost community engagement.
The crypto community is bracing for a wave of upcoming token unlocks, with several well-known projects set to release over $110 million worth of tokens into circulation. These events are being closely monitored due to their potential impact on token prices and overall market dynamics.
Galxe (GAL): Galxe will unlock 586,670 tokens ($2.1 million), representing 0.49% of the circulating supply, at 00:00 UTC on July 24.
AltLayer (ALT): By releasing over 684 million ALT tokens on July 25, AltLayer will account for 42% of the total supply currently in circulation. These tokens are intended for the treasury, investors, teams, advisors, community members, and protocol development. With ALT’s total supply far larger than its circulating supply, this significant token unlock could negatively influence the price.
Yield Guild Games (YGG): The Yield Guild Games (YGG) gaming community will release about 14 million of its token…
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