While the case was certainly not closed, the hot topic of the week was Ripple’s courtroom victory over the SEC. A judge has ruled that the public sale of XRP altcoins is not a violation of securities laws. This is something the industry has long advocated. As a result, this week is positive for XRP, which has witnessed Ripple’s victory in the cryptocurrency market. However, there are many events that will affect the market next week. One of them is token unlocks. Investors and enthusiasts are now turning their attention to the upcoming token unlock. In the coming week, some cryptos will indicate that significant amounts of tokens will be available for trading. Here are the details…
These altcoin projects have token unlock
First on the list is the altcoin, The Graph (GRT), with a market cap of $1.10 billion. The token unlock amount for GRT is $8.79 million. This unlock event is scheduled to take place on July 17, 2023. Optimism (OP) is another cryptocurrency that will be going through a token unlock event this week. With a market cap of $955.31 million, OP will witness the launch of $1.88 million worth of tokens, equivalent to 0.20% of the market capitalization.
SuperRare (RARE) is expected to unlock $1.40 million worth of tokens, equivalent to 2.93 percent of the $47.86 million market cap. Oxygen (OXY), with a market cap of $3.74 million, is gearing up for an important token unlock event. The unlock will release $2.71 million worth of tokens, representing 72.48% of OXY’s market capitalization. The token unlock of all four altcoins so far will take place at 03:00 tomorrow night.
With a market cap of $2.04 billion, the Lido DAO (LDO) will unlock $18.43 million worth of tokens, accounting for 0.90% of the total market capitalization. LDO tokens are scheduled to be unlocked on the night of July 18, 2023. On the same day, Astar (ASTR) will unlock $2.69 million worth of tokens, accounting for 1.40% of the $192.31 million market cap. The event will take place on July 18, 2023. Echelon Prime (PRIME) will launch $1.39 million worth of tokens on July 18, 2023, equivalent to 3.57 percent of the $39.01 million market cap.
What other coins are on the list?
Winerz (WNZ) is preparing to unlock $1.14 million worth of tokens, which is 64.99% of the $1.76 million market cap. Braintrust (BTRST) is scheduled to unlock $1.02 million worth of tokens by July 20, 2023, representing 2.30% of the $44.31 million market cap. XANA (XETA) will unlock $2.14 million worth of tokens, accounting for 17.69% of the $12.08 million market cap. The unlock event for XETA tokens is scheduled for July 20, 2023. Injective (INJ) will unlock $33.49 million worth of tokens on July 21, 2023, equivalent to 4.58% of the $732.05 million market cap. iZuMi Finance (IZI) will unlock $1.01 million worth of tokens, accounting for 30.24% of the $3.34 million market cap.
The event is scheduled for July 21, 2023. Mintlayer (ML) will unlock $1.12 million worth of tokens, surpassing the current market cap of $1.01 million by 110.48%. The unlock event for ML tokens will take place on July 21, 2023. MetaOctagon (MOTG) will undergo an unlock event with the launch of $2.19 million worth of tokens. The market value for MOTG is not disclosed at this time. The unlock event will take place on July 21, 2023. XPLA (XPLA) will unlock $5.78 million worth of tokens and the market cap has not been disclosed. With a market cap of $728.31 million, Axie Infinity (AXS) unlocks $27.69 million worth of tokens, accounting for 3.80% of the market capitalization opener.
Covalent (CQT) is expected to unlock $1.07 million worth of tokens, representing 1.60% of the $66.99 million market cap, on July 22, 2023, at 08:00. Algorand (ALGO) will unlock $3.90 million worth of tokens on July 22, equivalent to 0.43% of the $898.31 million market cap. Finally, Space ID (ID) said that $5.00 million worth of tokens, corresponding to 6.46% of the $77.31 million market cap, will be made available on July 22, 2023.
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