Significant Token Unlocks in the Altcoin Market Set for July

We have often witnessed popular altcoins rapidly crash due to massive token unlocks in the past. The same could occur again. Most investors do not take altcoin token inflation into account. For example, when DYDX was launched, a significant number of new tokens were introduced to the market every month, matching the initial circulating supply. This caused the hope for a double-digit price to remain a dream. July’s Token Unlocks This July, serious token unlocks are expected for many altcoins, including Aptos (APT), ApeCoin (APE), Axie Infinity (AXS), and Optimism (OP). With total unlocks exceeding $138 million in a thinly liquid environment, this number is quite high. Aptos (APT) Aptos will circulate 4.54 million tokens, valued over $31 million. These tokens constitute 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 unlock is expected to […] The post Significant Token Unlocks in the Altcoin Market Set for July appeared first on COINTURK NEWS.