Some major projects, including Ripple, will be seeing token unlock events in August, which will put more assets in circulation.
has consistently unlocked 1 billion tokens on the first day of each month. August is set to follow this pattern.
The upcoming unlock in August is estimated to be worth around $600 million, based on the press time price of XRP. However, Ripple has often relocked a substantial portion of the unlocked tokens into escrow. The precise volume of XRP that Ripple chooses to relock after each unlock remains uncertain.Most of these tokens are allocated to Series A and B investors, indicating a substantial distribution to early backers of the project.will have one of the largest token unlocks in August, with 600 million tokens being released on the 3rd of August.
Valued at over $79 million, the unlock will target a mix of community members, the foundation, core contributors, and investors. Also, most tokens will be allocated to core contributors and the community.August token unlock will target over 92.6 million ARB tokens, valued at more than $67 million at press time. A considerable portion of these tokens is designated for the team.is gearing up for the largest token unlocks of August, with approximately 9.
A significant portion of these tokens, around 4.5 million AVAX valued at approximately $128.7 million, will be allocated to the team.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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