Crypto projects to unlock $10 million or more in tokens in July

OpenAI introduced the Sora AI model for converting text to video. Despite the drop in value, Worldcoin will soon double the daily rate of token unlocks, and the market will be flooded with millions of dollars worth of tokens from other important crypto projects.

Let's take a look at the most significant token unlocks of $10 million or more at current prices that will occur before the end of July.

Xai: July 9, $70 million Tier 3 gaming network Xai, built on Arbitrum, will hold its second unlock on July 9, issuing nearly 200 million tokens (72% of the total supply) with a current value of about $70 million. Xai is built on the Arbitrum Orbit stack and will be home to the Ex Populus ecosystem of games.

ImmutableX: July 12, $43 million On July 12, Web3 game developer ImmutableX will unlock 32.5 million tokens (2.15% of its total offering), with a current value of $43 million. Last December, investment firm VanEck said that releasing Web3 games like Illuvium could propel ImmutableX into the top 25 token markets in 2024.

Aptos: July 12, $68 million Aptos, one of two projects (the other is Sui) whose staff is predominantly made up of former members of Facebook's Libra currency project, will unlock another 11.31 million tokens (2.49% of the total offering) worth about $68 million on July 12.