Token Unlock in July 2024, Check out the List!

Bittime - Several crypto projects have announced token unlock in July 2024. Unmitigated, the total value of unlocked tokens reaches $3 billion. So, what crypto projects will carry out token unlocking in July 2024? Check out the list here!

What is Token Unlock?

Imagine you buy initial shares (initial public offering/IPO) from a startup company. These shares usually have a lock-up period where you cannot immediately sell them on the free market. Well, Token Unlock in the crypto world is similar to this concept.

Token Unlock is a process where previously frozen crypto tokens can finally be accessed and traded freely on the market. These tokens are usually allocated to initial investors, project development teams, or project advisors.

Impact of Token Unlock on Crypto Prices

When Token Unlock occurs, the number of tokens circulating in the market will increase. This could have an impact on the price of the crypto. An increase in the number of tokens can cause swelling pressure, so that crypto prices have the potential to fall.

However, the impact of Token Unlock is not always negative. If the crypto project has strong fundamentals and is of interest to many investors, Unlock could actually be a positive signal.

New investors interested in the project may enter the market to buy the newly released tokens, so that the price can stabilize or even rise.

Factors Affecting the Impact of Token Unlock

• Project Reputation: Crypto projects with good reputations and clear development plans tend to have minimal unlock impact.
• Market Demand: If demand for the token is high, then the increase in supply due to unlocking will not have a significant impact on the price.
• Initial Investor Plan: Early investors holding unlock tokens may choose to hold or sell their tokens outright. This decision will influence price movements.

Register for Token Unlock July 2024

Token unlock value in July 2024 will reach approximately $3 billion. The following is a list of several crypto tokens that will experience unlocking in July 2024:

• AltLayer (ALT): $122.79 million
• Aptos (APT): $79.28 million
• Uniswap (UNI): $77.88 million
• Ronin (RON): $76.32 million
• Arbitrage (ARB): $75.37 per share
• Sui (SUI): $70.16 million
• Immutable X (IMX): $50.13 million
• Sei Network (SEI): $44.42 jute
• Stargate (STRK): $44.16 million
• Ethereum Name Service (ENS): $39,46 juta

Tips for Crypto Investors in Facing Token Unlock

Crypto investors who hold the above tokens should pay close attention to the unlock schedule and monitor market sentiment.

In-depth research regarding project fundamentals and the plans of early investors holding unlock tokens is also important. With complete information, investors can make the right investment decisions.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.