Two altcoins, closely followed by Turkish crypto investors, are preparing for the token unlock next month with a total value of more than $100 million.
These 2 altcoins will start July with giant token unlocks
Sui and Aptos have garnered a lot of attention among investors since their recent debut. However, both currently have a relatively low percentage of the circulating supply. Sui owns less than 10% of its circulating tokens, while Aptos has less than 20%. However, according to information from Token Unlocks, both platforms are preparing to issue more tokens in July.
Pay attention to these dates
In the case of Sui, more than 61 million tokens are scheduled to be unlocked on July 9. This anticipated unlock, worth over $48 million, represents less than 1% of the total token supply. Unlocked tokens will be allocated to the Foundation and Community Access Program.
In addition, Aptos planned to unlock more than 4.5 million APTs worth over $33 million. The unlocking process will begin on July 12, primarily benefiting the community and foundation.
Sui and Aptos trend before token unlock
APT achieved a significant price increase in its early days. However, it lost some value afterwards. It is currently trading at $7.60, up over 3.5% on the intraday. This latest bullish move has shifted the altcoin to a slight uptrend after a long bearish period.
Similarly, the price of SUI was also in an uptrend. It is currently trading slightly lower at $0.774093. However, SUI’s RSI level also remained below 50. This indicates that there is a dominant downward trend in the market.
TVL and volume
According to data from DefiLlama, both platforms showed respectable TVL figures. As of this writing, Aptos had a TVL of approximately $43.6 million and daily volume of approximately $629,842.
On the other hand, Sui currently had a relatively lower TVL. This equates to approximately $12.26 million. However, Sui had a higher trading volume than Aptos, which exceeded $5 million. Given the upcoming token unlocks scheduled for July, it remains unclear how these metrics will react and their subsequent impact on price trends.
Jump Trading has collected these altcoins over the past week
Jump Trading, a famous crypto company, preferred to take positions on 4 altcoins during the week when the market was on the rise. cryptocoin.com As we have reported, the company has collected over 1 million of these 4 altcoins each.
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