Crypto Projects to Unlock Nearly $1.5 Billion in Tokens in August, Including $609 Million in $XRP

In August, nearly $1.5 billion in crypto tokens will be unlocked. This includes 1 billion $XRP tokens worth $609 million on August 1

Nearly $1.5 billion in cryptocurrency tokens are set to be unlocked in August, with a significant release of 1 billion XRP tokens, valued at $609 million, by Ripple on August 1.

Avalanche (AVAX) and Wormhole will also see substantial token unlocks, together amounting to $449 million. Notably, Wormhole will be releasing 600 million tokens valued at $180.5 million on August 3.

According to CryptoRank, the following tokens will experience the largest unlock amounts next week:

AltLayer: $90.28 million

Sui: $62.64 million

Optimism: $54.72 million

ZetaChain: $35.41 million

Worldcoin: $11.70 million

Maverick Protocol: $10.76 million

dYdX: $10.70 million

Further details on upcoming token unlocks are provided by data from BSCN:

30 July: 2.41% of TORN supply - $227,000

31 July: 1.75% of PRIME supply - $5.7 million

31 July: 2.79% of OP supply - $53.6 million

31 July: 0.5% of MANTA supply - $1.82 million

1 August: 3.65% of DYDX supply - $10.7 million

1 August: 2.56% of SUI supply - $49.1 million

1 August: 18.92% of ZETA supply - $32.9 million

2 August: 3.52% of GAL supply - $12.6 million

3 August: 33.33% of W supply - $174.1 million

4 August: 0.87% of ENA supply - $6.75 million

5 August: 14.25% of MODE supply - $4.32 million

These token unlocks are closely watched by investors as they can significantly impact the market dynamics, potentially influencing the prices of the respective cryptocurrencies.

This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

The post Crypto Projects to Unlock Nearly $1.5 Billion in Tokens in August, Including $609 Million in XRP first appeared on The Merkle Hash.