This week, $60 million in token unlocks are featured alongside APE and AXS
Key Points:
- According to data from Token Unlocks, eight cryptocurrency projects will unlock tokens this week, each with a value of approximately $60 million.
- This week, approximately $21.62 million in AXS and $31.67 million in APE will be unlocked.
Token Unlocks data shows that 8 crypto projects will unlock tokens this week, with a total issuance value of around $60 million.
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Unlocks are scheduled for projects:
- The ApeCoin Primate token opened 15.6 million shards (roughly US$31.67 million) at 7:00 am on July 17, addressing 1.56% of the absolute stockpile;
- 150 million Arkham tokens, ARKM, will be opened at 7:00 am on July 18, addressing 15% of the absolute inventory;
- X2Y2 token X2Y2 will open 37.5 million pieces (roughly $970,000) at 10:47 pm on July 18, addressing 3.75% of the complete stock;
- At 9:22 p.m. on July 19, 154,380 Euler tokens, or approximately $370,000, will be released, or 0.568% of the total supply;
- 1inch of 1INCH tokens will open 364,290 pieces (around $150,000) at 7:00 am on July 20, around 0.024% of the absolute stock;
- SPACE ID Token ID will open 15.15 million shards (around $4.06 million) at 7:00 am on July 22, addressing 0.758% of the all out supply;
- The Axie Endlessness token AXS will open 3.43 million shards (around $21.62 million) at 8:10 pm on July 22, addressing 1.27% of the absolute stockpile;
- The Cartesi CTSI token will open $1.54 million (around $240,000) at 11:00 am on July 23, addressing 0.154 percent of the all out supply.
Token dissemination is a significant cycle in the symbolic administration of a blockchain project. Many stakeholders, including investors, teams, users, and the community, place a high value on token distribution. However, due to the sudden sale of unlocked tokens, it also carries some risks, such as token inflation and price drops.
