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Home»ADOPTION NEWS»August Preview: Around $1 Billion Unlocked for This Token Project
ADOPTION NEWS

August Preview: Around $1 Billion Unlocked for This Token Project

By Crypto FlexsJuly 28, 20245 Mins Read
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August Preview: Around  Billion Unlocked for This Token Project
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Just a few months later worm-hole female

-7.61%
With the airdrop in April, this cross-chain project will unlock a third of its token circulating supply this month. That’s 600 million tokens, currently worth about $180 million. But this isn’t the only project that’s unlocking a significant portion of its tokens. Zetachain zeta

-8.073%
Approximately one-fifth of the circulating supply will be unlocked, with over $50 million worth of tokens to be unlocked across multiple projects.

According to data from Token.Unlocks, here are all major token unlocks worth more than $10 million at current prices for the remainder of July and the month of August:

Optimism: July 31, $55 million

Ethereum Layer 2 Network optimism Office

-4.59%
On July 31st, 31.3 million tokens will be unlocked for core contributors and investors, representing approximately 2.8% of the circulating supply. The tokens are currently worth approximately $55 million. Optimism is also ‘Superchain’ supports 3-layer networks.

dYdX: August 1st, $11 million

Decentralized Exchange DYDX DX

-3.068%
On August 1st, 8.33 million tokens worth $11 million will be unlocked, which is 3.65% of the circulating supply. These tokens will be unlocked for three groups: investors, founders and employees, and future employees. The recently compromised site also It has been reported that negotiations are underway to sell some of the software.

Sui: August 1, $50 million

Layer 1 network Sui Sui

-6.42%
This month we are unlocking tokens alongside our competitors, apartment appropriate

-5.17%
On August 1st, 2.56% of the circulating supply will be unlocked: 64 million tokens, which is currently worth about $50 million. The network will be celebrating soon. It’s been 15 months since its release.

ZetaChain: August 1st, $35 million

ZetaChain, a layer 1 chain that launched earlier this year, raised $27 million last year with the goal of eventually unifying several different blockchains into a single platform, and is set to release a significant 18.92% of its circulating supply on August 1st — roughly 54 million tokens, worth about $35 million at current prices.

Wormhole: August 3, $180 million

Another important unlock, Wormhole, is scheduled to unlock 600 million tokens, or exactly one-third of the circulating supply, on August 3rd, which is worth over $180 million at current prices. Wormhole is a communication bridge between Solana and other top DeFi projects with unicorn ratings. The project recently completed an airdrop of over 670 million tokens in April.

ImmutableX: August 9, $49 million

Web3 gaming company InvariantX Small and medium-sized enterprises

-6.032%
As of August 9, 2.11% of the circulating supply, or 32.5 million tokens, worth $49 million, will be unlocked. VanEck said: Last December Release as a Web3 game Illumination ILV

-0.67%
ImmutableX could quickly rise to the top 25 tokens by market cap in 2024.

Aptos: August 12, $80 million

Aptos, one of two projects majority-owned by former members of Facebook’s Libra currency project (the other is Sui), is set to unlock 11.31 million tokens, or 2.41% of the circulating supply, on August 12, which is currently worth about $80 million.

Sandbox: August 14, $69 million

Web3 gaming platform Sandbox sand

-4.12%
As of August 14, 9% of the circulating supply, or 205 million tokens, worth approximately $69 million, will be unlocked. Platform In June, the unicorn company raised $20 million, giving it a valuation of $1 billion.

StarkNet: August 15, $35 million

Starknet Stroke

-4.92%
, Ethereum Layer 2 Network In March, it released its 2024 roadmap, promising to increase throughput and reduce transaction fees, and it is scheduled to unlock 64 million tokens on August 15, representing 4.4% of the token’s circulating supply. The tokens are currently worth around $35 million.

Decision: August 16, $67 million

decision Ab

-2.85%
It recently became the first layer 2 network. Uniswap’s total trading volume of $150 billion unlocks 2.8% of the circulating supply on August 16. The 92.6 million tokens are currently worth about $67 million.

Avalanche: August 20, $268 million

avalanche Abox

-4.33%
Recently, Layer 1 blockchain Despite losing its VP of Engineering, it is set to unlock 9.5 million tokens on August 20th, representing 2.42% of the circulating supply, which is currently worth $268 million.

Other important unlocks

August 2nd: Galkse female

-4.47%
We plan to unlock 4 million tokens, which is 3.5% of the current circulating supply of approximately $13 million.

August 17th: Aipcoin monkey

-4.70%
15.6 million tokens, or 2.3% of the circulating supply, will be unlocked, with a current value of approximately $12 million.

August 18th: Oasis Network rose

-4.27%
It is planned to unlock 151 million tokens, which is 2.2% of the circulating supply, with a current value of approximately $13 million.

August 19: Pixel will unlock 54 million tokens, which is 7% of the circulating supply and is currently worth approximately $11 million.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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