Crypto Token Unlocks Fall 52% in August to $3B

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Crypto token unlocks are expected to fall sharply to $3 billion in August, down around 52% from the $6.3 billion in value unlocked in July, according to vesting data tracker Tokenomist. 

Despite the overall decrease, several high-profile unlocks could still impact prices. The biggest unlocks include Sui (SUI), Fasttoken (FTN), Aptos (APT), Avalanche (AVAX) and Arbitrum (ARB).

Sui will release $167.62 million in vested tokens on Aug. 1, making it the largest scheduled token unlock for the month. This could be impactful, as the token has a very high…



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Crypto Token Unlocks Fall 52% in August to $3B


Crypto token unlocks are expected to fall sharply to $3 billion in August, down around 52% from the $6.3 billion in value unlocked in July, according to vesting data tracker Tokenomist. 

Despite the overall decrease, several high-profile unlocks could still impact prices. The biggest unlocks include Sui (SUI), Fasttoken (FTN), Aptos (APT), Avalanche (AVAX) and Arbitrum (ARB).

Sui will release $167.62 million in vested tokens on Aug. 1, making it the largest scheduled token unlock for the month. This could be impactful, as the token has a very high…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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