Upcoming Token Unlockings in July

In the past, we have seen many popular altcoins rapidly crash with massive token unlockings. The same could happen again. Most investors do not care about the token inflation of altcoins. For example, when DYDX was launched, new tokens were released each month equal to the initial circulating supply, while only a small fraction of its total supply was in circulation. This has prevented the price from reaching double digits. July Token Unlockings In July, there will be significant token unlockings for several altcoins, including Aptos (APT), ApeCoin (APE), Axie Infinity (AXS), and Optimism (OP). The total token unlockings exceed $138 million, which is quite high in a shallow liquidity environment. Aptos (APT) Aptos will release 4.54 million tokens worth over $31 million. These tokens represent 2.16% of the circulating supply. The project will unlock 1.33 million tokens for the foundation and 3.21 million tokens for the community. The token […] The post Upcoming Token Unlockings in July appeared first on COINTURK NEWS.