- Greater than $2.3 billion price of crypto tokens are scheduled to unlock in August 2024.
- Main tasks like SUI, W, APT, SAND and AVAX have vital unlocks.
- Potential market influence on token costs and general crypto market sentiment.
Up to date information on upcoming token unlocks for August 2024 highlights main tasks with deliberate distributions that may doubtlessly flood the market with roughly $2.31 billion price of tokens. This inflow might considerably have an effect on market dynamics and token costs.
On August 1st alone, a number of tokens are prepared for substantial unlocks. Sui (SUI) will launch 68.79 million tokens price $53.26 million, representing 2.74% of its circulating provide. On the identical day, dYdX (DYDX) plans to unlock $10.67 million price of tokens. Helium (HNT) is ready to subject $226,030 price of tokens.
Different notable unlocks embody StepN (GMT), Portal (PORTAL), Akash Community (AKT), ZetaChain (ZETA), Cloud (CLOUD), and Euler (EUL), every anticipated so as to add a big variety of tokens to the market.
The massive occasion follows on August 3, when Wormhole (W) plans to subject an enormous 612.12 million tokens price $179.38 million, representing a considerable…
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