Aptos Leads $117 Million Token Unlocks This Week

This week, from the 7th to the 13th of July, several significant token unlocks are scheduled to occur. According to data from CryptoRank, Aptos ($APT), Jito Labs ($JTO), and Moca ($MOCA) are among the top seven projects with upcoming token unlocks. These unlocks are expected to release a total of $117 million in tokens.

Aptos is leading the token unlocks for the upcoming week, with a scheduled unlock on the 12th of July. The unlock will release 11.31 million $APT tokens, which represents 0.98% of the total supply and is valued at approximately $49.95 million. This amount also constitutes 1.75% of the market capitalization.

Jito Labs will follow with an unlock on the 7th of July, releasing 11.31 million $JTO tokens. This unlock represents 1.13% of the overall token supply and is valued at around $21.78 million, which is 3.28% of the market capitalization. Moca's token unlock is scheduled for the 11th of July, with 241.72 million $MOCA tokens to be released. This unlock is valued at $16.56 million, representing 2.72% of the total token supply and 7.15% of the market capitalization.

Immutable will conduct its token unlock on the 11th of July, releasing 24.52 million $IMX tokens. This unlock is valued at $10.21 million, accounting for 1.31% of the market capitalization and 1.23% of the total supply. Movement has scheduled its token unlock for the 9th of July, with 50 million $MOVE tokens to be released. This unlock is valued at $7.65 million, representing 0.50% of the token supply and 1.92% of the market capitalization.

Xterio is another project with a scheduled token unlock for next week. It will release 40 million $XTER tokens, valued at nearly $5.61 million. This unlock represents 4.00% of the overall token supply and 29% of the market capitalization. Neon will conclude the list of top seven token unlocks for the week, releasing 53.91 million $NEON tokens on the 7th of July. This unlock is valued at $4.99 million, accounting for 22.5% of the market capitalization and 5.39% of the token supply.

These token unlocks are significant events in the cryptocurrency market, as they can impact the supply and demand dynamics of the respective tokens. The release of a large number of tokens into the market can potentially lead to a decrease in their value, as the increased supply can outweigh the demand. Conversely, if the demand for these tokens remains high, the unlocks may not have a significant impact on their prices. Investors and traders will be closely monitoring these events to gauge their potential effects on the market.