Crypto token unlocks may halve to $3B in August; SUI, FTN top list
0
0
Polymath CEO Vincent Kadar told Cointelegraph that investors are shifting from “unlock anxiety” to a more nuanced view of token releases.
Crypto token unlocks may fall to $3 billion in August, down 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 high fully diluted valuation. This means it is highly valued, even though Tokenomist data shows that only 34.5% of its supply is unlocked.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
