Largest Token Unlocks Event Worth Noting In July

The past June has been quite a smooth journey for the crypto market as Bitcoin has regained its important $30,000 mark. However, altcoins do not seem to show signs of a strong recovery like in April. Besides, some upcoming unlocking of some tokens could cause price fluctuations. Let’s find out with Coincu about the major token unlocks that will take place in July.

DYDX

DYDX is still hanging onto its gains from the June lows. This suggests that you are likely to see more gains, particularly if you can increase investor confidence. 6,520,128 tokens will be unlocked in July corresponding to $13,170,659 and 0.652% of total supply.

APT

APT’s risk gauge rank indicates that it is now a low-risk investment. Risk-averse traders will find the indicator most helpful for avoiding dangerous trades. 4,543,478.03 tokens will be unlocked in July corresponding to $32,576,737 and 0.454% of total supply.

IMX

18,075,990.61 tokens will be unlocked in July corresponding to $13,337,767 and 0.904% of total supply.

APE

Notwithstanding the uncertainty that APE investors are experiencing, there is newfound optimism for them as a new hybrid token offers incredible potential for big returns. This has piqued the interest of APE investors, who are now reducing their losses and shifting their focus to the hybrid meme currency, which is expected to provide a 20,000% Return for investors by the end of 2023. This large outflow of APE whales is a big contributor to the APE coin’s continuous price decline. 15,601,326 tokens will be unlocked in July corresponding to $34,322,917 and 1.56% of total supply.

AXS

Axie Infinity (AXS) has benefited from the revived metaverse interest generated by Apple’s Vision Pro Augmented Reality (AR) headset introduction in recent weeks. Nonetheless, the positive impetus seems to be fading. 3,425,625 tokens will be unlocked in July corresponding to $20,793,544 and 1,269% of total supply.

OP

Optimism (OP) price is recovering faster than other cryptocurrencies and may outperform the rest of the group. This month could be a busy one for this token. 24,159,191.04 tokens will be unlocked in July for $31,890,132 and 0.562% of total supply respectively.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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