The post Over $730M Tokens Unlock In July 2024, Could Be A Supply Shock! appeared on BitcoinEthereumNews.com.

July could have a supply shock in store where crypto tokens valued at around $730 Million are geared to be unlocked across various projects by the end of the month. Per TokenUnlocks, the vesting period for 45 cryptos is ending in July.  July Token Unlocks | Source: TokenUnlocks During the vesting period, crypto token holders are safeguarded against the potential impact of a widespread sell-off. This is because investors and team members are restricted from liquidating their holdings due to a mandated lock-in period, commonly called “vesting.” When a significant amount of previously locked crypto tokens are available for the public, usually, a supply shock occurs. Once the lock-in periods of the crypto tokens expire, they get distributed and become tradable to early investors or developers, that’s when the supply shock is witnessed. How Supply & Dynamics Would Get Impacted? Similarly, when many tokens are unlocked and released in July 2024 into the crypto market, the project supply will increase dramatically. Likewise, if the demand for these released tokens does not advance at the same rate, the excess supply could lead to a drop in asset prices. Moreover, there happens to be one more drawback to this event in July. If the unlocked tokens belong to project investors waiting for the right time and opportunity to sell those unlocked crypto assets, they might do so. At last, if the investors decide to sell a big portion of their holdings right after the unlock event, this would intensify the bearish selling pressure on the market. Here are Some of the Major Crypto Unlocks to Watch Out for this July According to TokenUnlocks, the large unlocking has been set for July 2024, worth more than $730 Million. These large assets include DYDX, SUI, IO, XAI, IMX, APT, STRK, ARB, APE, AXS, PIXEL,…

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Filed under: News - @ July 2, 2024 6:24 pm