In July 2024, over $755 million in crypto assets from AltLayer, Arbitrum, and more will be unlocked as their vesting periods conclude, affecting prices and market dynamics.
About $755 million in crypto assets from AltLayer, Arbitrum, Optimism and other projects will be released in July as their vesting period concludes.
Crypto vesting prevents early investors and team members from selling their tokens by locking them down. This mechanism helps prevent a price downturn during the early phases of a crypto project.that the largest amount of crypto assets to be unlocked in July 2024 belongs to AltLayer , Xai , Aptos (Decentralized protocol AltLayer will unlock the biggest chunk of tokens in July. On July 25, the project is set to release 684 million ALT tokens worth about $125 million.
Meanwhile, Arbitrum, which released $95 million in May and $105 million in June, is scheduled to drop another $75 million in tokens for its team, advisers and investors on July 16. The project also
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