WORMHOLE, XAI, IMX SET TO PARTAKE IN NEXT WEEK'S TOKEN UNLOCKS WORTH OVER $200 MILLION
- Next week's unlocks will see $206 million worth of new tokens added to circulation.
- Wormhole and IMX will see the highest share of unlocks, with a combined $180 million worth of new tokens entering circulation.
- August to experience a total of over $900 million in token unlocks.
The crypto market could see intense volatility in the next seven days as over $206 million worth of tokens will be unlocked next week. Meanwhile, August will witness over $900 million worth of tokens entering circulation per Token Unlocks data.
Expected token unlocks next week cross $200 million
Data from token tracker Token Unlocks reveals that $206 million worth of unlocks are set to be released into circulation, involving Wormhole(W), Immutable(IMX), Xai(XAI), Ethena (ENA), Mode (MODE), Hashflow (HTF), Heroes of Mavia (MAVIA), dYdX (DYDX), Liquidity (LQTY), and Forta (FORT).
These tokens will each add to their current circulating supply as part of the larger $900 million unlocks that will take place in August.
Token Unlock events often cause a price decline as demand may not be strong enough to soak up the supply rise
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