The cryptocurrency market has had a relatively peaceful month of June, with Bitcoin regaining the $30,000 level. Altcoins don’t appear to be showing signs of a robust resurgence like they did in April, though.
Popular Tokens to Unlock in July
On the other hand, some token unlocks are likely to cause price fluctuations. So, which tokens are expected to be unlocked in July? Let’s find out together.
DYDX
From the lows in June, DYDX has continued to hold onto its gains. July will see the unlocking of 6,520,128 tokens, representing 0.652% of the total supply and $13,170,659 in value.
APT
Given its current low risk, APT is a low-risk investment, according to the risk gauge rank. In July, 4,543,478.03 tokens worth $32,576,737 and 0.454% of the total supply will be unlocked.
IMX
In July, 18,075,990.61 tokens will become available. This amounts to $13,337,767 and 0.904% of the entire supply.
APE
APE investors have already started to cut their losses. They are refocusing on the hybrid meme currency, which is projected to return 20,000% to investors by the end of 2023. 15,601,326 tokens worth $34,322,917 and 1.56% of the total supply will be made available in July.
AXS
The recent debut of Apple’s Vision Pro Augmented Reality (AR) headset has rekindled interest in the metaverse, which has helped Axie Infinity (AXS). A total of 3,425,625 tokens, corresponding to $20,793,544, and 1,269% of the entire supply, will be released in July.
OP
More quickly than other cryptocurrencies, Optimism’s (OP) price is recovering. At a value of $31,890,132 and 0.562% of the total supply, 24,159,191.04 tokens will be made available in July.
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