July Token Unlock: AltLayer Biggest, 684 Million ALT in Total!

Bittime - This July, more than 40 crypto projects will unlock tokens worth a total of $755 million. A number of large projects such as AltLayer (ALT), Arbitrum (ARB), and Optimism (OP) will unlock quite large tokens.

AltLayer Leading July Token Unlock

AltLayer (ALT) will be the project with the largest number of token unlocks in July. On July 25, the project is scheduled to unlock 684 million tokens worth approximately $125 million. These tokens are allocated to the team, investors, advisors, protocol development, treasury ecosystem, and community. Meanwhile, the price of the ALT token is currently around $0.18.

July Token Unlock

Besides AltLayer, other projects such as Xai (XAI), Aptos (APT), Arbitrum (ARB), Optimism (OP), Sui (SUI), Immutable (IMX), and Starknet (STRK) will also unlock a large number of tokens in July.

• Xai (XAI) will unlock approximately $93 million worth of tokens on July 9. As well as AltLayer, these crypto assets are allocated to the team, investors and its ecosystem. The XAI token is currently worth around $0.46.
• Aptos (APT), which unlocked $101 million worth of tokens in May and $102 million in June, will unlock another batch of tokens in July. The project will unlock 11.31 million APT tokens worth $77 million, allocated to foundations, communities, core contributors, and investors. The price of the APT token has experienced a significant decline in recent months, from $17.63 at the start of April to $6.99 at the end of June.
• Arbitrage (ARB), which unlocked $95 million worth of tokens in May and $105 million in June, is scheduled to unlock $75 million worth of tokens to teams, advisors and investors on July 16. The project has also unlocked 1.1 billion ARB tokens worth $2.32 billion in March. The ARB token price has experienced a 63% decline, from $2.27 at the start of March to $0.82 at the end of June.
• Optimism (OP), Sui (SUI), Immutable (IMX), and Starknet (STRK) will also unlock a large number of tokens in July, following a similar pattern to previous months.

Impact of Unlock Tokens on the Market

Unlock tokens are typically used to prevent early investors and team members from selling large amounts of tokens in the early stages of a project, to avoid sharp price drops. Unlock token can influence market significantly, and investors need to pay close attention to related developments.

Unlocking large amounts of tokens often has a significant impact on the token price in the market. For example, the price of APT tokens has decreased by more than 60% in the last few months after several token batches were unlocked. Likewise, ARB experienced a price drop of 63% after a major unlock in March.

Therefore, investing in crypto projects that unlock tokens requires special attention from investors. Investors need to monitor the development and strategy of the project, as well as how unlocking the token may affect price and liquidity in the market.

Cara Beli Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

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