10 Notable Projects Are Going to Unlock Tokens This Week (July 15-21)

These token unlocks can lead to price fluctuations as investors may accumulate tokens before and after the unlock to optimize profits and establish favorable entry and exit points.

Ten notable cryptocurrency projects are set to unlock a combined total of nearly $200 million worth of their tokens this week, according to data from TokenUnlocks.

These projects include Arbitrum ($ARB), Axie Infinity ($AXS), Illuvium ($ILV), Neon ($NEON), Acala ($ACA), Manta Network ($MANTA), ZKJ ($ZKJ), PixelChain ($PIXEL), Merkle ($MERL), and DEAI ($DEAI).

The largest token unlock will be from Arbitrum, which is set to release $67.85 million in $ARB tokens on July 16th. This will account for 0.93% of the total locked supply of $ARB tokens.

Other significant token unlocks include $14 million in $AXS tokens from Axie Infinity (0.91% of total locked supply), $12.5 million in $LMWR tokens from Illuvium (5.62% of total locked supply), and $19.71 million in $NEON tokens from Neon (4.98% of total locked supply).

These token unlocks can influence market dynamics as investors anticipate potential price movements. Hence, it's important to note these events and adjust trading strategies accordingly.

Ten Notable Projects (https://t.co/ThEKYnsjOw) are going to Unlock Token this week (July 15-21) ?‍?

1. $ARB – $67.85M – 0.93% Total Locked – July 16

2. $AXS – $14M – 0.91% Total Locked – July 16

3. $LMWR – $12.5M – $5.62% Total locked – July 16

4. $NEON – $19.71M – 4.98% Total… pic.twitter.com/tFIHDYpYN2

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 15, 2024