Next Week's Unlocks Will See $206 Million Worth of New Tokens Added to Circulation

Wormhole and IMX will see the highest share of unlocks, with a combined $180 million worth of new tokens entering circulation.

A total of $206 million in new tokens will be unlocked next week, according to Token Unlocks data.

This will be the second-largest batch of unlocks in August, following the $300 million in unlocks witnessed last week.

Overall, August will see a total of over $900 million in token unlocks.

The largest share of next week's unlocks will be seen by Wormhole (20 million tokens) and Immutable (32 million tokens).

At current prices, this amounts to over $180 million in tokens being unlocked by the two projects.

Other notable unlocks include XAI ($9.5 million), ENA ($5.4 million), MODE ($3 million), HFT ($2.5 million), MAVIA ($2 million), and DYDX ($1.5 million).

Among the seven projects, Immutable will be unlocking the smallest percentage of its circulating supply (2.11%).

Others will be unlocking a significant portion, with XAI leading the way at 10% of its circulating supply.

Investors have expressed concerns over the large batch of unlocks, speculating that it may result in a heavy price drop for the IMX token, which is up 2% in the past 24 hours.